Backbase has unveiled the world's first AI-powered banking platform. The Amsterdam-based fintech company says this AI-powered banking platform will offer the continent's financial institutions the competitive edge as it will scale digital transformation and unlock new revenue streams. The company says it's on a mission to put bankers back in the driver's seat. Thami Ngubeni spoke to Heidi Custers, Global Strategy & Transformation Director at Backbase

Backbase has unveiled the world's first AI-powered banking platform. The Amsterdam-based fintech company says this AI-powered banking platform will offer the continent's financial institutions the competitive edge as it will scale digital transformation and unlock new revenue streams. The company says it's on a mission to put bankers back in the driver's seat. Thami Ngubeni spoke to Heidi Custers, Global Strategy &amp; Transformation Director at Backbase

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

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Africa in Business

Backbase unveils the world's first AI-powered banking platform

Rwanda plans to invest up to $6 billion in a nuclear power plant to secure reliable electricity supply and support long‑term economic growth. The country aims to deploy small modular reactors (SMRs) to expand its generation capacity and drive industrial development.


The East African nation hopes to have its first nuclear power facility operational around 2030, as part of its broader ambition to achieve high‑income status by 2050.


From March 2 to 9, 2026, a team from the International Atomic Energy Agency visited Rwanda to review the country’s progress in developing the required infrastructure and assessing its preparedness for the Rwanda Nuclear Power Programme.


Thami Ngubeni spoke to energy analyst Tshepo Kgadima.

Rwanda plans to invest up to $6 billion in a nuclear power plant to secure reliable electricity supply and support long‑term economic growth. The country aims to deploy small modular reactors (SMRs) to expand its generation capacity and drive industrial development.
 The East African nation hopes to have its first nuclear power facility operational around 2030, as part of its broader ambition to achieve high‑income status by 2050.
 From March 2 to 9, 2026, a team from the International Atomic Energy Agency visited Rwanda to review the country&rsquo;s progress in developing the required infrastructure and assessing its preparedness for the Rwanda Nuclear Power Programme.
 Thami Ngubeni spoke to energy analyst Tshepo Kgadima.

Rwanda to invest up to 6 billion US dollars in nuclear power plant

Rising global oil prices have forced South Africa’s low‑cost airline, FlySafair, to introduce a temporary fuel surcharge as it grapples with sharply higher jet‑fuel costs linked to the ongoing crisis in the Middle East. The airline says the price of Jet A1 fuel at South Africa’s coastal airports has surged by about 70% in just one week.


With no clear end in sight to the conflict, and continued volatility in global energy markets, FlySafair says the surcharge is necessary to sustain its operations and maintain service levels without compromising safety.


Thami Ngubeni spoke to Aviation Analyst Dr Guy Leitch.

Rising global oil prices have forced South Africa&rsquo;s low‑cost airline, FlySafair, to introduce a temporary fuel surcharge as it grapples with sharply higher jet‑fuel costs linked to the ongoing crisis in the Middle East. The airline says the price of Jet A1 fuel at South Africa&rsquo;s coastal airports has surged by about 70% in just one week.
 With no clear end in sight to the conflict, and continued volatility in global energy markets, FlySafair says the surcharge is necessary to sustain its operations and maintain service levels without compromising safety.
 Thami Ngubeni spoke to Aviation Analyst Dr Guy Leitch.

Rising global oil prices force South Africa’s low‑cost airline FlySafair to introduce temporary fuel surcharge

The ongoing conflict in Iran is reverberating across global travel markets, with the World Travel & Tourism Council (WTTC) estimating daily losses of at least $600 million in international visitor spending across the Middle East. The crisis has disrupted air travel, shaken traveller confidence and placed additional strain on regional connectivity.


Africa’s tourism sector is already feeling the pressure, as safety concerns and flight disruptions through major Gulf transit hubs threaten inbound travel to the continent. Industry players warn that this could lead to declining visitor numbers and reduced tourism revenue, particularly for destinations heavily reliant on long‑haul travellers.


CEO of Cape Town Tourism, Enver Duminy, discusses the impact the Middle East conflict is having on tourism in Cape Town and the rest of South Africa.

The ongoing conflict in Iran is reverberating across global travel markets, with the World Travel &amp; Tourism Council (WTTC) estimating daily losses of at least $600 million in international visitor spending across the Middle East. The crisis has disrupted air travel, shaken traveller confidence and placed additional strain on regional connectivity.
 Africa&rsquo;s tourism sector is already feeling the pressure, as safety concerns and flight disruptions through major Gulf transit hubs threaten inbound travel to the continent. Industry players warn that this could lead to declining visitor numbers and reduced tourism revenue, particularly for destinations heavily reliant on long‑haul travellers.
 CEO of Cape Town Tourism, Enver Duminy, discusses the impact the Middle East conflict is having on tourism in Cape Town and the rest of South Africa.

Backbase unveils the world's first AI-powered banking platform

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