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Most economies in Sub-Saharan Africa are dominated by the informal sector. The informal sector is a key component, contributing massively towards the continent’s GDP and employment. It is hugely...
Africa is a hotbed for innovation in the digital payment and mobile money space. The vast presence of mobile devices and a large population of unbanked people have created a suitable environment for...
Tanzania has proven to have an appetite for digital payment, primarily through mobile. The mobile money penetration reached 53% with more than 29M mobile money subscriptions in the year 2020. The...
“Mobile money accounts now surpass bank accounts in Sub-Saharan Africa, and greater financial inclusion has benefited large swathes of the population.” – International Monetary Fund (IMF) While...
COVID-19 (coronavirus) has hit Africa at the time when it was experiencing adequate economic growth. Although the continent has managed to keep the pandemic under control with relatively low cases,...
Adoption of mobile money has seen significant growth around the world. Africa is witnessing the most growth among all regions, with a CAGR of 37% since 2014. Mobile money transactions have already...
Every company must maintain adequate accounting records – be it a bank or a small microfinance company. Several orders and acts are there to force businesses to keep records for regulatory purposes....
15th to 21st November was celebrated as the International Fraud Awareness Week 2020. The purpose of this week is to promote fraud awareness and consumer education. But for many, that’s for every...
As we fight against COVID-19, the importance of digital payments has gone high. It is even more essential to send money digitally and avoid touching cash as they might be infected.
Over the last two decades, informal financial groups (IFGs) have emerged as a crucial strategy in promoting women’s financial inclusion in Africa. The community-based savings groups saw a massive...
Wakandi was launched in 2018 as an initiative to improve the way money and money transfers are handled in Africa. Our mission was to offer a completely cashless experience by building innovative...
