Author: Insider Editor

Paystack is making bank transfers a bigger part of its payments strategy in Kenya by expanding its partnership with Pesalink to allow businesses accept payments directly through its checkout page. The expansion brings customer payments onto the same infrastructure Paystack has used for merchant settlements since 2025, allowing businesses to collect payments, confirm transactions, reconcile accounts and receive settlements through a single payment rail. The move reflects a broader shift across Africa’s fintech industry, where payment providers are increasingly competing on infrastructure rather than simply offering more payment options. The focus is now on creating faster, more seamless payment experiences…

Artificial intelligence is fuelling a global race for digital infrastructure, but Schneider Electric believes Africa may be asking the wrong question. Across the continent, governments are focused on generating more electricity to meet growing demand. However, Ifeanyi Odoh, President of Schneider Electric East Africa, argues that increasing power generation alone will not prepare Africa for the AI era. The bigger challenge, he says, is modernising electricity grids that were built for a different time. “The traditional grid as we know it is already becoming obsolete,” Odoh said. “We need grids that are digitally enabled from the start because the way…

African fintech startup Accrue has launched Accrue Business, a stablecoin-powered banking platform designed to help small and medium-sized businesses send, receive, and manage cross-border payments more efficiently. The new platform enables businesses to hold stablecoins, receive international payments, pay suppliers across multiple countries, issue invoices, create virtual U.S. dollar and euro accounts, manage employee spending with virtual cards, and run stablecoin-based payroll, all from a single platform. The product builds on the infrastructure behind Cashramp, Accrue’s consumer remittance service, as the company expands from serving individuals to supporting businesses with international payment needs. “We’ve seen strong demand from individuals looking…

Nigeria has been ranked the highest-performing country in Africa for responsible artificial intelligence (AI), climbing 42 places in the latest Global Index on Responsible AI (GIRAI). The country moved from 80th position in 2024 to 38th globally, earning a score of 45.93 and overtaking Egypt and Kenya to claim the continent’s top spot. The recognition comes as African nations compete to attract AI investment and talent. AI is projected to contribute $1.2 trillion to Africa’s economy by 2030, increasing the continent’s GDP by an estimated 5.6%. Published by the Global Center on AI Governance (GIRAI), an independent research and policy…

Nigerian buy now, pay later (BNPL) fintech Klump has partnered with Jumia to introduce instalment payments at checkout, giving shoppers a more flexible way to pay for their purchases. With the new integration, customers shopping on Jumia can access financing from multiple banks without leaving the platform. Instead of applying for a loan elsewhere before making a purchase, eligible shoppers can complete the financing process directly during checkout. Klump does not provide the loans itself. Instead, it acts as the technology platform connecting customers with partner lenders, who assess applications, approve loans, provide the funds, and take on the credit…

InnovationHub Africa, Africa’s foremost driver of technology and innovation, isproud to announce the Nigeria Innovation Summit (NIS) 11.0, the 11th edition ofWest Africa’s biggest and most celebrated innovation gathering, scheduled forOctober 6, 2026, at the Shell Hall, Muson Centre, Lagos. The Summit promises tobe the most ambitious, high-impact edition yet, bringing together Nigeria’s mostbrilliant minds, innovators, startups, trailblazing entrepreneurs, global thoughtleaders, and policy architects under one electrifying roof.Disclosing the event’s agenda, Mr Tony Ajah, the Programme Director of theSummit says, “The theme for this year’s event is ‘Innovating in the Age of AI’.” Thetheme confronts one of the defining questions of…

Prosus has reached a major milestone after years of investing heavily in e-commerce businesses, announcing that all of its operating ecosystems are now profitable for the first time. The technology investor, best known for its large stake in Chinese tech giant Tencent, reported strong financial results for the year ended March 31, 2026, signalling that its long-term investments in food delivery, online marketplaces, fintech, and e-commerce are finally paying off. For years, investors viewed Prosus largely through the value of its Tencent holding, while many of its own businesses continued to post losses. With every operating ecosystem now in the…

Absa Bank Kenya is set for a leadership transition as Chief Executive Officer Abdi Mohamed prepares to step down on June 30, ending a distinguished 32-year career with the lender, including three years as CEO. The bank announced on Monday that Mohamed is leaving to pursue new career opportunities. Chief Financial Officer Yusuf Omari will serve as interim CEO from July 1, subject to regulatory approval, while the search for a substantive chief executive continues. The transition comes at a time when Kenya’s banking sector is navigating slower credit growth, increasing digital competition, and evolving regulatory demands. It also marks…

Dubai-headquartered fintech that powers lending and savings products across Africa, Credable, has rebranded to _able as it expands beyond digital credit after facilitating more than $650 million in loans. The company, whose partners include M-PESA, Airtel, Access Bank and Diamond Trust Bank (DTB), said the new identity reflects its evolution from a digital lender into a broader financial infrastructure provider. Today, _able supplies the technology, risk management tools and portfolio systems that underpin lending, savings and other financial products across multiple markets. The rebrand comes as demand grows for companies that provide the underlying infrastructure powering digital financial services. As…

As Bafana Bafana prepare for their final FIFA World Cup group-stage clash against the Republic of Korea on Thursday morning, the South African Football Association (SAFA) is chasing a different ambition away from the pitch turning fan loyalty into a digital business. In May, SAFA launched the $SAFA Fan Token on sports engagement platform Socios.com, joining national teams such as Argentina, Portugal and Italy in experimenting with blockchain-powered fan communities. The initiative reflects a growing belief in sports that supporters can be more than matchday attendees and television viewers, they can become active participants in a digital economy built around…