African insurers are emerging as the fastest climbers in the continent’s digital transformation race, even as fintechs maintain their lead, signalling a decisive shift in Africa’s financial services sector from rapid growth to operational efficiency and profitability. According to the African Financial Industry Report released by Deloitte in collaboration with the Africa Financial Summit (AFIS),
Flutterwave, Africa’s largest payments infrastructure startup, is taking another decisive step in reshaping how money moves across the continent. The company has partnered with blockchain infrastructure provider Turnkey and AI-powered global banking platform Nuvion to introduce stablecoin africa balances for merchants and users across its platform. The new capability allows Flutterwave users to hold and
In a bold move to revolutionize the way Nigerian businesses operate, Paga Group has officially launched Doroki — a cloud-based platform designed to solve the real, everyday challenges faced by small and medium-sized enterprises (SMEs). Unveiled at a media launch event on June 19, 2025, at Radisson Blu, Victoria Island, Doroki is more than just
As Nigeria’s digital economy continues its rapid expansion, payments giant Network International is turning its focus beyond urban centres, working to plug long-standing gaps in financial inclusion across rural communities. In a recent report by The PUNCH, the Dubai-headquartered firm, which operates in over 50 countries, described Nigeria as a “strategic hub” for its African
Go to any major city in Nigeria, from the bustling streets of Lagos to the vibrant markets of Kano, and you’ll witness a subtle yet profound transformation happening in the way people manage their money. The era of solely relying on brick-and-mortar banks, with their often long queues and limited reach, is steadily giving way
The foreign exchange (Forex) market has long been the heartbeat of global finance. But today, it’s undergoing a digital transformation. With real-time trading apps, AI-powered analytics, and increased market accessibility, Forex is no longer reserved for institutional giants — everyday traders are stepping in. As volatility increases and geopolitical events shake currency values, traders need
A digital supply chain finance firm, Grow, has unveiled its digital platform aimed at supporting Nigerian Small and Medium-sized Enterprises with improved access to funding and liquidity management. According to a statement, the company introduced the Grow App during its maiden Grow Industry Connect event held in Lagos. The event, themed ‘Scaling Businesses: Access to
The company strives to realise its vision of delivering modern payment solutions that meet the varied needs of merchants and non-profits