How SACCOS are responding to the digitization wave
Since their inception, SACCOS in Kenya have been providing affordable financial services to their members. They are amongst the primary sources of financial services, especially in rural areas....
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Wakandi obtains the PSP license for Tanzania
Our subsidiary Wakandi Tanzania was recently awarded the Payment Service Provider license by the Bank of Tanzania (BoT). The PSP license places the company together with a few other companies that...
Cooperative societies reducing poverty in Kenya
Although Kenya is the largest and most developed economy in eastern and central Africa, 36.1% (2016) of its population lives below the poverty line. This is definitely a decline from the year 2006...
Enabling digitization of the informal sector with CAMS
SACCOS have been serving the informal sector in Kenya for decades. They have continued following traditional methods to offer their services. Trust and social interaction remain important aspects...
Moving towards digitization – Wakandi onboards SACCOS in Kenya
As technology closes in to transform the finance world, we help SACCOS move from manual tasks to digital processes with CAMS.
Why should SACCOS in Kenya be digitized?
SACCOS have been a symbol of trust and reliability when it comes to financial services for many millions in Africa. The growth of SACCOS in Kenya has been significant as they have witnessed a steady...
EIJ SACCOS joins Wakandi for better security and transparency
Edatha Inua Jamii SACCOS Ltd. (EIJ SACCOS) is the latest SACCOS in Tanzania to join our solution. EIJ SACCOS aims to leverage the Wakandi solution to build a user-friendly environment for their staff...
SACCOS and employment generation in Africa
Every year, 10 to 12 million youth enter the workforce in Africa. But only 3.1 million jobs are created, leaving a significant percentage of youth without any job. This vast difference leads to...
How lack of innovation can hinder growth for SACCOs
Cash has been a primary mode of payments in Africa. It accounts for more than 80% of retail transactions conducted in African countries. One study shows that more than 90% of retail transactions in...
How Stokvels impact people’s lives in South Africa
Saving money through Stokvels has been extremely popular in South Africa. People have widely adopted this traditional way of saving money for personal and business purposes. It is estimated that...
Regulatory compliance for SACCOS – with CAMS
With the rising customer needs and requirements, the financial market in Tanzania has witnessed tremendous growth lately. Major organizations, including banks and SACCOS, have been innovating to...