Alexander O. Onukwue - Profile and Journalist Details
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Alexander O. Onukwue
Verified
Reporter, Semafor
Lagos
Beats
Management Business and Marketing
Do not do on the ground reporting
Content
By Alexander O. Onukwue Verified| Semafor Verified African fintech Moniepoint plans to use a money transfer platform launched this week as the first step toward building a larger financial services company serving Nigerians in the UK, an executive told Semafor. The MonieWorld service enables money transfers from the UK to Nigeria, the latest in a growing number of remittance products from Africa targeting the $100 billion that flows annually from immigrants in the diaspora to the continent.
By Alexander O. Onukwue Verified| Semafor Verified African firms became the largest bloc investing in African startups for the first time in 2024, with nearly a third of investors that year coming from the continent, up from a fifth a decade earlier. The firms helped raise the $3.6 billion total that African startups received last year, the African Private Capital Association (AVCA) investment industry body said in its latest report.
By Alexander O. Onukwue Verified| Semafor Verified African fintech Moniepoint plans to use a money transfer platform launched this week as the first step toward building a larger financial services company serving Nigerians in the UK, an executive told Semafor. The MonieWorld service enables money transfers from the UK to Nigeria, the latest in a growing number of remittance products from Africa targeting the $100 billion that flows annually from immigrants in the diaspora to the continent.
Company Info
Semafor
Semafor is a global digital news platform founded in October 2022 by media veterans Ben Smith and Justin B. Smith, based in New York City. The company aims to provide transparent, high-quality journalism to 200 million English-speaking, college-educated professionals. Semafor utilizes an innovative editorial model called "Semaform," which distinguishes between factual reporting and analysis to enhance clarity and reduce polarization. The platform offers a unique news structure that includes unbiased reporting, clearly labeled journalist perspectives, and insights from various regions. In addition to its news coverage, Semafor hosts high-margin events targeting C-suite executives and business leaders, and produces video content featuring analysis and interviews. The company generates revenue through premium advertising, events, and partnerships, achieving over $10 million in revenue in 2023. Semafor is committed to combining traditional journalism with modern business strategies, making it a trusted source for professionals worldwide.
Lagos, Nigeria, Nigeria
Founded: 2022