E-Business
SystemSpecs: The Evolution of an African Technology Powerhouse

Africa’s digital revolution has been hailed as one of the continent’s most historic changes in the past decade. Despite challenges with infrastructure, prevalent poverty, poor health system and weak governance, the 21st century African business is thriving through sheer innovation and local knowledge by leveraging digital technology.

However, before this digital explosion, several African companies had been silently pioneering innovation on the continent.
One of those pioneers of this digital revolution is SystemSpecs, a 29-year-old Nigerian technology firm that has evolved from very humble beginnings as a five-man start-up in the early 1990s to a technology giant with hundreds of staff and a towering influence across Africa today.
SystemSpecs’ story is all about the silent evolution of an African technology giant, an indigenous pioneer whose history is defined by its landmark innovations for Nigeria and the entire African continent.
Seasoned journalist, David Hundeyin, once alluded to SystemSpecs’ pedigree as a pioneer when he tweeted about companies that provided technology solutions in the early 90s, long before the internet became ubiquitous in Nigeria.
SystemSpecs was founded by an ex-banker, John Tanimola Obaro, in 1992. The firm started in Lagos as a value-added reseller of American software solution, SunSystems. It proceeded to launch its own human capital solution, SpecMan, about 3 years later. This was followed by SpecPen which was for pensions processing and then SpecPay which was for payments. All of these three were consolidated, in 2000, in a solution known as HumanManager.
Fast-forward to 2020, the firm carried a restructuring and repositioning of its business to adjust to current realities and maximize new opportunities as its profile continues to rise as a leading financial and human capital technology company in Africa.
Human Manager and IPPIS
At the turn of a new century in year 2000, when endless paper files and long cabinets were the norms in many organisations, SystemSpecs developed HumanManager, a trailblazing human relations and payroll management solution.
The first self-service platform in Africa and arguably the world, HumanManager is today an intuitive, ground-breaking, and easy-to-use human capital management solution trusted by many small, medium and large-scale organisations across Africa.
Its track record of innovation has been proven across the shores of Nigeria, in various African countries including Benin Republic, Equatorial Guinea, Sierra Leone, and Zimbabwe where its footprints exist through a wide range of subscribing organisations.
In 2006, SystemSpecs executed the pilot of the Federal Government of Nigeria’s Integrated Personnel and Payroll Information System (IPPIS) as part of an Economic Reforms and Governance Project aimed at transforming the entire public service through a number of carefully selected programmes and initiatives. All of the objectives of the project were delivered by SystemSpecs within a record 6 months!
This phase of the project saved government about 420m naira on a monthly basis, within a sample size of 50,000 federal government workforce out of an estimated 1.2 million employees. In former President Olusegun Obasanjo’s book on his presidential years, he noted that he was proud that the company that achieved this milestone for the country was Nigerian owned.
Remita and the Treasury Single Account
In 2005, SystemSpecs developed Remita, a technology solution which set the company’s feet in financial technology (fintech) and was adopted by several organisations in the private sector.
Remita was later adopted as the payment gateway into the Treasury Single Account (TSA) of the federal government. This was well ahead of several local and international platforms which also expressed interest in becoming the TSA technology backbone but lacked the capability to meet TSA requirements.
In July 2019, a representative of Nigeria’s Accountant-General of the Federation (AGF) announced that the government had collected over N10 trillion through the TSA from 1,674 MDAs. The AGF also said through the TSA, the government was able to save over N45 billion monthly in interest on ways and means that it used to pay.
SystemSpecs’ monumental role in the drive to improve transparency and accountability in Nigeria’s public sector amidst precarious economic conditions is underlined by its success in powering the TSA. Minister of Information, Lai Mohammed, once said that the judicious management of the Treasury Single Account, TSA, saved the country from collapse during the 2016 economic recession.
Remita’s rising presence is however, much more than the TSA. With its presence in the private sector as the preferred platform for payments, funds collection and payroll management, it is a known brand with some of Nigeria and Africa’s leading organisation and even of SMEs. One of its key propositions is its ability to provide more payment options than any other solution in Nigeria today.
Restructuring
Change, they say, is the only constant thing. It is the reason SystemSpecs, in February 2020, restructured its business operations to deepen its presence in more segments of the economy and help it maximise its potentials within the African market.
This landmark development effectively changes the firm’s brand perception from a software company to an innovative African technology giant and a house of brands operating in different business spaces including HR and Fintech.
This bold move saw the transformation of the company into a holding firm with four Strategic Business Units (SBUs) to maximise the efficiency of the company’s operations. Each of SystemSpecs’ major solutions is embedded within a different SBU.
The first SBU is Infrastructure and Payment Gateway, with the responsibility of providing critical financial processing connectivity with other entities such as banks, payment processors, and other service providers, providing the service as a solution delivered directly to the market.
Another division is the Payment Applications and Vertical Markets which is saddled with the responsibility of providing customer-centric applications like Remita and Paylink to a rapidly expanding market.
A third SBU is focused on providing Human Capital Solutions and services.
The fourth SBU is the Public Sector and Special Projects Division, which encompasses, among others, the firm’s dealings with the public sector, including Remita’s deployment for the TSA and its use by over 22 state governments in Nigeria.
Paylink
Consolidating on the successes of its landmark products, Remita and HumanManager, SystemSpecs launched Paylink.ng, a simple, pragmatic solution directed at the consumer market. It is an instant payment solution, with an ecommerce store, that allows individuals and SMEs receive funds directly to their bank accounts without exposing their bank details.
Paylink.ng is SystemSpecs’ response to the growth of Small and Medium Scale Enterprises (SMEs) as well as a rapidly evolving Nigerian business landscape. With Paylink.ng, small businesses in Nigeria, many of them without infrastructure, resources, and personnel to have a structured operation, can process payment more efficiently and reach their customers more easily.
An Enduring Innovative Pioneer
According to Ginni Rometty, Executive Chairman of IBM, “the only way you survive is you continuously transform into something else. It is this idea of continuous transformation that makes you an innovation company.”
The continued relevance of SystemSpecs as a key player in providing technology solutions could only have happened through continuous innovation. The company has survived, evolved, and thrived for about three decades by continuously evolving and improving, often emerging stronger from every challenge.
In a country where start-ups die out within the first few years of incorporation, SystemSpecs has managed to weather the storms. Obaro’s leadership has seen the company grow become one of the largest technology firms in Africa with hundreds of staff and a rapidly expanding operational network across the continent and beyond. One can safely posit that, for SystemSpecs, the best is yet to come.
E-Business
Kaspersky Reveals Malware Attacks on SMBs Disguised as AI Services Surged by Five Times in 2026

From January to April 2026, Kaspersky security solutions detected more than 33,300 attacks on small and medium-sized businesses (SMBs), in which malicious or unwanted software for PCs were disguised as popular artificial intelligence (AI) services. This number has surged by almost five times when compared to the same period in 2025.

A new Kaspersky report reveals threat analysis and mitigation strategies to help SMBs protect themselves against the evolving threat landscape.
Kaspersky experts explored the extent to which threat actors target small and medium-sized businesses with malware disguised as legitimate AI services, considering the growing popularity of such tools for the business workflow. At the beginning of 2026 the most common lures in cyberattacks involved malware posing as ChatGPT (42%), Claude (24%), and DeepSeek (20%).
Among unique malicious files detected in the SMB sector and masqueraded as AI services, Kaspersky experts observed mainly different Trojware (Trojans and Trojan-like malware), including those capable of downloading and running other malware on compromised devices.
Trojware disguises itself as harmless files to trick users into installing them. Their functionality may vary depending on the type of the malware. It may include stealing, deleting, blocking, modifying or copying users’ data, as well as other malicious capabilities. Given this, Trojware represents a highly dangerous cyberthreat to entrepreneurs and businesses.
However, in 2026 Kaspersky telemetry detected even more attacks on SMBs, in which malicious or unwanted software for PCs were disguised as messenger apps and video conferencing software: Telegram, WhatsApp, Zoom and Microsoft Teams. From January to April Kaspersky solutions blocked almost 415,000 such attacks.
The number of attacks changed marginally compared to the previous year’s figures. Thus, Kaspersky experts note that the lure of fake communication apps remains a widespread cyberthreat.
“The threat landscape is evolving with new lures constantly appearing. For example, for the first four months of this year our solutions for small and medium-sized businesses detected hundreds of attacks, in which malicious or unwanted software were disguised as OpenClaw – an AI tool that rapidly gains popularity in 2026.
Corporate employees are increasingly using various AI services and other tools in their workflows, including those that are publicly available. Thus, to be on the safe side, SMB employees – as well as all users – should exercise caution when looking for software on the Internet. Always check the correct spelling of the website and links in suspicious emails, and use robust security solutions,” says Vasily Kolesnikov, security expert at Kaspersky.
“As adversaries constantly refine their methods to exploit human error, the need for up-to-date security awareness training for businesses of all kinds and sizes is undeniable. However, the reality is that micro-organisations often struggle to allocate time and budget to regularly update their staff on the latest threats and malicious trends.
“We believe this issue can be largely addressed through solutions tailored for small businesses which deliver robust core protection while also providing accessible security education,” adds Rodion Pyanov, product manager, Kaspersky Small Office Security.
E-Business
LG Showcases AI-Powered Smart Living Innovations @ Africa Technology Expo 2026

LG Electronics has reaffirmed its commitment to advancing innovation and smart living across Africa by participating as a supporting sponsor at the Africa Technology Expo (ATE) 2026, where the company is showcasing its latest portfolio of premium consumer electronics and home appliance innovations.

The two-day expo, themed around strengthening Africa’s enterprise technology ecosystem through collaboration and innovation, has brought together industry leaders, technology innovators, multinational companies, policymakers, and entrepreneurs to explore opportunities for cross-border partnerships and digital transformation across the continent.
As one of the supporting sponsors of this year’s event, LG’s interactive exhibition booth has become a major attraction, offering visitors firsthand experience of the company’s latest AI-powered technologies designed to enhance everyday life while delivering greater comfort, convenience, energy efficiency, and connectivity.
Among the innovations on display are the latest LG QNED TV, delivering exceptional picture quality and immersive entertainment; the iconic MoodUP™️ Refrigerator, which combines intelligent cooling with customizable LED door panels; the innovative LG WashTower™️, an all-in-one premium laundry solution that maximizes space and efficiency; the energy-efficient LG ARTCOOL Air Conditioner and LG Air Tower, designed to provide smarter climate control; alongside LG’s advanced Dehumidifier and other intelligent home solutions.
Speaking on LG’s participation, Mr. H.S. ji, Managing Director, LG Electronics West Africa, said: “Africa Technology Expo provides an excellent platform to engage with innovators, businesses, and consumers who are shaping the future of technology across the continent. At LG, innovation goes beyond creating advanced products, it is about developing meaningful solutions that improve everyday life.
“Our participation reflects our commitment to supporting Africa’s digital transformation while introducing intelligent technologies that make homes and workplaces smarter, healthier, and more energy-efficient.”
The Africa Technology Expo was established to foster stronger collaboration among African businesses, emerging enterprises, and multinational organisations. During the opening ceremony, the organisers emphasized the need for deeper continental collaboration to unlock Africa’s innovation and economic potential, noting that previous editions of the expo have facilitated approximately $192 million in business deals among participating companies.
LG’s presence at the event aligns with this vision by demonstrating how cutting-edge consumer technology can support economic growth, digital inclusion, and sustainable development across Africa.
Visitors to the LG booth are participating in live product demonstrations, interactive experiences, and expert consultations, gaining valuable insights into how LG’s AI-powered ecosystem seamlessly connects home appliances and entertainment products to deliver a smarter lifestyle.
As technology continues to reshape industries and everyday living, LG remains committed to driving innovation that empowers consumers, supports enterprise growth, and contributes to Africa’s evolving digital economy.
E-Business
Want a Business Loan Without Interest? SMEDAN Launches N500m Fund

Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has secured a 12 million-dollar commitment from the South Korean Government to establish a Skills Acquisition Centre in Abuja to boost entrepreneurship and strengthen Nigeria’s Micro, Small and Medium Enterprises (MSMEs).

SMEDAN
The Director-General of SMEDAN, Mr Charles Odii, disclosed this in a statement on Sunday to commemorate the 2026 World MSME Day with the theme: “Empowering MSMEs through Innovation and Sustainable Industrial Development.”
Odii said the proposed centre would provide vocational and entrepreneurial training for thousands of young Nigerians and improve the productive capacity of small businesses across the country.
He said the agency was awaiting the allocation of land by the Federal Capital Territory Administration (FCTA) to commence the project.
According to him, SMEDAN is determined not to allow Nigeria to lose the opportunity presented by the South Korean Government’s intervention.
“We need land in the FCT to build the Skills Acquisition Centre. If the FCT Administration is unable to provide one, we will use our office premises in Idu, Abuja, because we do not want Nigeria to miss this 12 million-dollar commitment and opportunity offered by the Korean Government to support skills and vocational training,” he said.
Odii described MSMEs as the backbone of Nigeria’s economy, noting that the agency’s interventions were aimed at empowering small businesses to drive employment and economic growth.
“Small businesses are the heartbeat of Nigeria’s economy. They contribute significantly to employment generation and economic growth.
“By providing infrastructure, skills and financing, we are creating an enabling environment for them to grow, thrive and contribute meaningfully to national development,” he said.
The SMEDAN boss also announced the launch of a N500 million zero-interest Grow Fund to improve access to affordable finance for MSMEs.
He said the facility would be disbursed through cooperative societies, trade associations and business membership organisations under a revolving loan arrangement.
Odii explained that the association-based lending model was designed to improve accountability, ensure effective monitoring and guarantee that funds reached genuine entrepreneurs.
“We visited traders at the market because it is not enough to sit in offices and formulate policies without understanding the realities of the people we are meant to serve.
“We met with butchers, pepper sellers, vegetable traders, provision store owners and market leaders, and they all said one thing: they need access to affordable finance.
“That was why we immediately decided to launch the N500 million Grow Fund. We are not giving the money directly to individuals. We are giving it to associations that know their members and can monitor how the funds are used,” he said.
According to him, beneficiaries will access loans ranging from N250,000 to N500,000, depending on their business needs, without paying interest.
“The funding is meant to support and improve businesses. It should be used for working capital, workspaces, tools and other productive business needs.
“It is a revolving fund. When one beneficiary repays, another entrepreneur can access the same money. This way, the impact of the intervention continues to expand and more small businesses can benefit,” he added.
Odii said the agency planned to expand the fund through partnerships with state governments, development partners and financial institutions willing to provide matching funds.
He also disclosed that SMEDAN had commenced consultations on a new National MSME Policy, expected to be relaunched in November, to strengthen the policy framework for the sector.
He reaffirmed the agency’s commitment to supporting small businesses through skills development, access to finance and policies that would enhance their competitiveness and contribution to Nigeria’s economic development.
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