Alexander O. Onukwue
Reporter at Semafor
Reporter for @semafor in Nigeria ▪︎ [email protected] ▪︎ previously @qz
Articles
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2 days ago |
semafor.com | Alexander O. Onukwue
Africa can boost the pace of its much-needed infrastructure drive by unlocking at least $4 trillion from a wide range of fragmented and under-utilized domestic sources, new research by one of the continent’s leading investors said.
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3 days ago |
semafor.com | Alexander O. Onukwue
Nigerian drone startup Terra Industries beat out a rival bid from an Israeli consortium to provide security for two hydropower plants in a $1.2 million contract. Terra Industries, earlier called TerraHaptix,will supply a dozen drones and more than 35 towers for a local security company to boost surveillance of the plants, the company’s 22-year-old chief executive Nathan Nwachuku told Semafor.
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1 week ago |
semafor.com | Alexander O. Onukwue
The economic policy upheavals that have characterized Nigerian President Bola Tinubu’s two years in power and sparked a deepening cost-of-living crisis are giving way to a less disruptive approach as the leader of Africa’s most populous country prepares for a likely reelection bid in 2027. Late last week, members of Tinubu’s ruling All Progressives Congress party declared the president their sole candidate for the polls, ahead of his second anniversary on May 29.
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1 week ago |
semafor.com | Alexander O. Onukwue
Africans paid €60 million ($68 million) for European short-term visa applications that ended up being rejected in 2024. That comprised 40% of the total amount the European Union received from fees for rejected visa applications. Comoros, Senegal, Guinea Bissau, Nigeria, and Ghana had the highest rejection rates for EU visas in 2024, above 45% in each case.
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2 weeks ago |
semafor.com | Alexander O. Onukwue
South Africa’s Competition Commission approved the acquisition of pan-African broadcaster MultiChoice by France’s Canal+. Owned by the Paris-based entertainment group Vivendi, Canal+ has a 45.2% stake in MultiChoice and made an offer last year to buy the remaining shares it did not own, for 35 billion rand ($1.9 billion).
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'The Nigerian dream is to leave Nigeria' https://t.co/RNHjLcvlvG https://t.co/ZOPpUJ8Y1L
Ethan Nwaneri. He’s Ready.
“Fundraising in Africa as an emerging female fund manager — Francophone, in her thirties — it’s not for the faint of heart" Senegalese investor Fatoumata Ba tells @SemaforAfrica, describing triumph and relief at raising $78 mn for her 2nd investment fund. https://t.co/AO9lHFT4KR