Latest from Wakandi

When formal financial services reach people who have, for ages, used informal channels to manage their loans and savings, one of the essential features they bring is reliability. It plays an...

The financial sector has expanded dramatically in recent years in Africa. Many households, farmers, and self-employed in Africa countries have access to financial services formally and informally....

Sending and receiving money through mobile devices started in Tanzania back in 2008. Tanzania was one of Africa’s first countries (with Kenya) to launch mobile money services in Africa. With six...

Wakandi Group is proud and excited to announce that we are launching our Credit Association Management System (CAMS) in Tanzania. We have successfully onboarded one of our many informal financial...

Africa has one of the most exciting financial sectors of the world. The uptake of mobile money has been quite staggering, and mobile network operators have dominated the market. Not only does Africa...

Africa is a hotbed for technological development and innovation. Africa has some of the fastest-growing industries across the globe. Businesses in every region of the continent are collaborating and...

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...