Alexis Akwagyiram
Managing Editor, Africa at Semafor
Managing Editor @SemaforAfrica. Previously @FT, @Reuters Nigeria bureau chief, @BBCWorld. Ghanaian family, British accent. Sign up: https://t.co/1BAR5cVDu6
Articles
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3 weeks ago |
semafor.com | Alexis Akwagyiram |Alexander O. Onukwue
Flutterwave, Africa’s most valuable unicorn, won’t rule out the possibility of selling to a larger player, its CEO told Semafor, but stressed that the fintech player is laser focused on reaching profitability this year. The company has discussed the potential of an initial public offering over the last few years.
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3 weeks ago |
semafor.com | Alexis Akwagyiram
Helios Towers, one of Africa’s largest telecoms infrastructure companies, is betting that a boom in 5G and AI technologies will drive significant revenue growth over the next five years. The London-listed company, which operates in eight African countries, leases towers to mobile phone companies serving 150 million customers. This month it posted 14% growth in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to $421 million in 2024.
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4 weeks ago |
semafor.com | Alexis Akwagyiram
Nigeria is creating a 1 trillion naira ($650 million) fund to provide low-interest mortgages and spark a “construction boom” in Africa’s most populous country, its finance minister said. Wale Edun told reporters that for the first phase of fundraising, the government had taken out a 40-year loan from the World Bank’s International Development Association at an interest rate of 1%, matched by private sector funding from pension funds and banks to raise 250 billion naira.
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1 month ago |
semafor.com | Alexis Akwagyiram
Nigeria still open to cryptoMartin K.N Siele and Alexander OnukwueNigeria remains open to cryptocurrency companies, its information minister told Semafor, even as the government pursues an $80 billion lawsuit against Binance, the world’s largest crypto exchange.
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1 month ago |
semafor.com | Alexis Akwagyiram
Britain’s development finance body is working with London’s financial district to ramp up funding for sustainable energy projects in Africa as the impact of Washington’s withdrawal from global climate and humanitarian commitments intensifies.
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The market caps for top US firms rival the gross domestic product of the entire African continent — fascinating nugget in today's tech newsletter by my @Semafor colleague @ReedAlbergotti https://t.co/cm3QDFoC4Q https://t.co/4MxGsBCEUq
South Africa’s coalition is teetering on the brink of collapse in the wake of the deepening budget row and a leaked recording of President Cyril Ramaphosa. @msmkokeli reports on the latest twists for @SemaforAfrica as the government unravels. https://t.co/5wbtR15G8b
South Africa's budget row: Check out this @SemaforAfrica story by @msmkokeli for behind-the-scenes details on what drove the spending plan disagreements that have destabilised the coalition government in Africa's biggest economy. https://t.co/NSaitnKYeB
