The informal financial sector in Uganda is fast growing. It is ready to be transformed into a landscape driven by technology and innovative solutions.
We, at Wakandi, aim to be at the forefront of this massive transformation. In a groundbreaking move, we have joined forces with The Hunger Project Uganda, a global, non-profit, strategic organization to spearhead the digital revolution for savings and credit cooperatives.
We are thrilled to announce the signing of a Memorandum of Understanding with the Hunger Project to establish strategic partnerships and work relations for facilitating savings and credit unions with our digital solution. Mr Espen Kvelland, CEO of Wakandi Group AS and Miss Irene Naikaali, Country Leader at The Hunger Project Uganda signed the agreement during the event.
The MoU was signed recently in an event hosted in Kampala, Uganda in the presence of Mr. Ole Reidar Bergum, Deputy Ambassador of Norway to Uganda and Honorable Minister of State for Cooperatives, Mr. Freddrick Ngobi Gume. The event was graced by many esteemed organizations including, the Ministry of Trade, Industry, and Cooperatives, Bank of Uganda, UCSCU, AMFIU, Norwegian Association of Disabled, Airtel, MTN, and CBS PEWOSA.
On signing the MoU with Wakandi, Irene Naikaali, Country Manager of Hunger Project Uganda said, "The Hunger Project is very excited to join forces with Wakandi in pioneering a transformative approach to food security and poverty reduction in Uganda. Our collaboration uniquely leverages Wakandi's cutting-edge systems and expertise, creating a powerful synergy that goes beyond conventional solutions. By integrating their innovative financial inclusion strategies, we aim to foster sustainable development at the grassroots level. This partnership represents a significant step forward in our shared mission to eradicate poverty and drive financial inclusion. We are very excited to embark on this impactful journey of positive change and community empowerment together with Wakandi."
The Hunger Project operates with over 80000 SACCO members in Uganda, bringing us a massive opportunity at Wakandi. The objective of this MoU is to:
The Hunger Project is a non-profit, strategic organization committed to the end the issue of world hunger. The organization aims to facilitate individual and collective actions to transform systems of inequity that create hunger.
The Hunger Project has been in operation in Uganda since the year 1999. It is empowering community partners to end their hunger and poverty. Through its integrated approach to rural development, the organization is working with them to successfully access the basic services needed to lead a life of self-reliance and achieve internationally agreed-upon markers of success.
Wakandi Group AS is a Norwegian fintech company, started in 2018 as a team of business innovators and technology disruptors. Wakandi aims to build equal financial opportunities for all, especially in the informal financial market with the help of technology and digitization. Wakandi has developed the Wakandi App to digitize savings and credit unions.
Wakandi provides a digital platform for credit unions to manage their savings and lending services online eliminating the need for manual efforts. Wakandi enables membership growth, profitability, and faster and more secure operations for informal groups and their members.