News

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.

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7 November 2023

AfricaNenda and Co-Develop strengthen the 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.

19 September 2023

AfricaNenda and GIMAC sign a Memorandum of Understanding to drive innovation in digital payments in Africa

AfricaNenda, a major player in financial inclusion in Africa, and GIMAC (Groupement Interbancaire Monétique de l’Afrique Centrale, the Interbank Monetary Bank of Central Africa), an Economic Interest Group (“EIG”) facilitating financial inclusion through interoperability oversight and implementation in the Central African Economic and Monetary Community (Communauté Economique et Monétaire de l’Afrique Centrale, “CEMAC”), are pleased to announce that they have signed an historic Memorandum of Understanding.

12 September 2023

AfricaNenda and the Prime Minister's Office of Guinea Join Forces to Launch a Proof of Concept on a National Switch Leveraging Digital Public Goods Platform

AfricaNenda, an African-led organization dedicated to accelerating the growth of inclusive payment systems, is proud to announce its partnership with the Prime Minister's Office of the Republic of Guinea in launching a national switch proof of concept based on a Digital Public Goods Platform. This pioneering initiative marks the first-ever implementation in West Africa.

16 May 2023 / Tewodros Besrat, Technical Expert, Digital Payments

Transforming Africa’s Payment Landscape: A Partnership for Inclusion

"Digital Transformation is among two seismic shifts in the 21st Century keen to attain Sustainable Development Goals. The partnership between UNECA and AfricaNenda aims to transform African Payment systems by improving their effectiveness to increase financial inclusion leading to economic prosperity while achieving the SDGs and Agenda 2063: The African We Want." Dr. Mactar Seck, Chief of Technology and Innovation Section, UNECA,

9 May 2023

Ghana showcases its Instant and Interoperable Payment System to African Central Banks and Payment Switches

GhIPSS Instant Pay (GIP), Ghana’s Instant Payment solution, is considered one of the most advanced on the Africa continent, based on AfricaNenda's State of Instant and Inclusive Payment Systems (SIIPS) in Africa report 2022. According to the inclusivity criteria outlined in the SIIPS report, GhIPSS instant Pay is ranked under “progressed inclusivity as it not only meets the fundamental IIPS criteria but also provides inclusive functionality that supports the most widely used channels and essential use-cases, including P2P and P2B transactions.

2 June 2022 / Jacqueline Jumah, Technical Expert & Sabine Mensah, Deputy CEO, AfricaNenda. Article published in the Digital Banker Africa Magazine

All Eyes on Instant Payments for Greater Financial Inclusion in Africa

Article initially published on the Digital Banker Africa Magazine.

18 October 2021 / CBPN

Accelerating the Scale-Up of Inclusive Instant Payments in Africa: Launching AfricaNenda in a Post-Covid World

Inclusive, low-cost instant payments systems are today’s frontier for financial inclusion on the African continent. Recent experience shows that the ability to send and receive low-value payments at any time, free of charge or at very low cost, has great value in itself and also serves as the first step on the ladder and a gateway to other digital financial services.