News

NIP Nigeria Becomes Africa’s First “Mature” Instant Payment System

At the launch of State of Inclusive Instant Payment Systems (SIIPS) 2025 in Eswatini, the continent witnessed a breakthrough: Nigeria Inter‑Bank Settlement System Plc (NIBSS)’s NIBSS Instant Payment (NIP) platform became the first instant payment system (IPS) in Africa to reach the “Mature” level on the AfricaNenda Foundation Inclusivity Spectrum.

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13 February 2024

Ground set to ease access to digital financial services and expansion of digital public infrastructure in Africa.

Addis Ababa - February 13th, 2024 - In a world increasingly reliant on digital connectivity, access to financial services remains a crucial determinant of economic empowerment and social development. Unfortunately, millions of Africans are excluded from the formal financial system, trapped in a cycle of poverty and limited opportunities, principally because of limited investments in digital infrastructure especially in our rural areas.

8 November 2023

SIIPS 2023 Report reveals continued growth in Africa’s instant payment systems

AfricaNenda has today released the second edition of the annual State of Inclusive Instant Payment Systems (SIIPS) in Africa report. Jointly produced with the United Nations Economic Commission for Africa (UNECA) and the World Bank, the report highlights sustained growth in both the supply of instant payment systems and demand for their functionality.

7 November 2023

AfricaNenda and Co-Develop boost skills of 30 African journalists

AfricaNenda and Co-Develop reinforced their commitment to advancing financial inclusion and economic empowerment in Africa through a strategic media training and briefing event in Addis Ababa, Ethiopia.