Last week, Wakandi Kenya signed the commercial contract with Co-Operative Bank, following a pilot conducted over the last 14 months. We are now fully live with the integration with the bank and will have thousands of users go live in the coming months. We are grateful to the Norwegian Ambassador to Kenya, H.E Gunnar Andreas Holm, and Innovation Norway for their support. The signing ceremony was conducted at the ambassador's residence in Nairobi, and a good crowd gathered for the event.
The partnership means Wakandi Kenya is live with the leading bank for Co-Operatives and SACCOs in Kenya!
The Co-operative Bank of Kenya Limited is a leading financial institution that has been pivotal in supporting the cooperative sector since 1966. With a market capitalization of approximately KES 80.91 billion ($628M) and a workforce of around 5,400, it is a significant player on the Nairobi Securities Exchange.
Initially established to centralize cooperative deposits, the bank continues to empower over 15 million cooperative members with tailored financial solutions. Its services include retail and corporate banking, investment, and asset management. The Co-operative Bank remains committed to sustainability and community engagement, aligning with national economic strategies to drive socio-economic development in Kenya.
Below is Vincent Marangu, Director of Co-operatives Banking, holding his speech for the people gathered at the residence.
The bank plays a crucial role in Kenya's economy as the preferred institution for Savings and Credit Cooperative Organizations (SACCOs) and other cooperatives. It is dedicated to collaborating with Wakandi in the coming years to onboard millions of users in the Kenyan market. We take pride in this partnership and are excited about how both organizations will work together to promote financial inclusion in Kenya.