You have a copy error. This means that Joomla! can't write to the directory where the extension's files are stored. In this case you need to enable the FTP layer on your site, as described in https://www.akeebabackup.com/documentation/troubleshooter/abinstallation.html
Moreover, you need a writeable temp directory for Joomla! to handle uploaded files. Now, I am going to tell you something that will probably make you cringe, but bear with me. Start by creating a file named htaccess.txt with the following content:
order deny,allow
deny from all
and upload it in your site's tmp directory. IMPORTANT! Pay attention on what you're doing in this step. Do not upload the file in the root of your site!
Give the htaccess.txt file you just uploaded 0644 permissions.
Now rename it to .htaccess (the DOT in front of the name is important).
Go up one folder. Now give the tmp folder 0777 permissions. Please give these permissions only to the folder, not its contents.
You can now proceed with the update.
At this point I would recommend using a better host with a better grasp on security. If you don't understand why, please read the Security Information chapter in the Akeeba Backup User's Guide. As you see, having Apache run under a different user as the one who owns the files of your site leads to security issues. A good host will either be using virtualisation or a solution like FastCGI Process Manager (php-fpm) or suPHP to have the Apache process run under the same user as your files' owner, greatly improving the security.
Nicholas K. Dionysopoulos
Lead Developer and Director
🇬🇷Greek: native 🇬🇧English: excellent 🇫🇷French: basic • 🕐 My time zone is Europe / Athens
Please keep in mind my timezone and cultural differences when reading my replies. Thank you!