Apex Network has marked its fifth anniversary with an industry forum focused on strategies for building the infrastructure to connect Africa’s next billion internet users.
Themed “The African Digital Economy: Building the Infrastructure for the Next Billion Users”, the event, held at Landmark Event Centre, Lagos, convened technology leaders, entrepreneurs, and policymakers to examine how scalable systems, policy frameworks and partnerships can drive inclusive digital growth across the continent.
Abraham Efemena, Founder and Chief Executive Officer, Apex Network, described the company as “a secure platform that allows its users to buy, sell, and swap cryptocurrency with ease”. He said Apex aims to simplify digital finance for Africans and position itself as a key driver of accessible financial technology.
On the role of the digital economy in youth employment, Efemena noted that online platforms have created new income streams. “You can even make much more than what you make from your 9 to 5 by understanding the market and investing right,” he said, while acknowledging that regulation remains a challenge. He added that the Securities and Exchange Commission is “working on crypto licensing” and engaging with innovators.
Addressing artificial intelligence (AI), Efemena said it has “done more good than harm”, highlighting its potential to simplify complex information and reduce barriers to access. He advised innovators to first establish their products in local markets before scaling internationally, noting that Apex operates in over seven African countries and is assessing compliance requirements in more regulated jurisdictions.
James John James, Engineering Manager, Apex Network, discussed technology’s role in the entertainment sector. He said the company is developing a “business suite” that will allow creators and businesses to receive payments through cryptocurrency, bank transfers, and other digital channels. On AI’s impact on creativity, he said it “reshapes creativity” by making prompt creation and idea amplification more effective.
Benjamin Onyebuchi, Product Design Lead, Apex Network, said, “The design transformation at Apex Network wasn’t just about improving one platform – it created the foundation for an entire fintech ecosystem. Seeing Apex celebrate 5 years of success, with Basewallet and Zorvia now fully launched, shows how strategic design thinking can evolve a single product into a comprehensive financial ecosystem for the African market.”
Gbenga Ogunbiyi, Marketing Manager, Apex Network, stressed that platforms serving large user bases must have “top-notch cybersecurity architecture” to protect against attacks. He noted that platforms like TikTok and Instagram have removed traditional barriers for creative talent. “Keep building, one day, success will come,” he advised.
Other speakers included Adewale Yusuf, CEO and Co-Founder of AltSchool Africa; Joy Alabi-Hundeyin, Apex’s Head of People and Operations; and David Efemena Ominiabohs, Apex’s Chief Technology Officer. Product showcases from Basewallet, Lenco, and Zorvia introduced tools aimed at shaping Africa’s digital future.
