How automation can play a critical role for SACCOs
SACCOs are considered a reliable tool to accomplish social and financial needs in many parts of Africa.
Blog
Latest from Wakandi
We are here with a clear purpose: be the global leader in creating equal financial opportunities. Follow us on our journey
4 ways to bring Africa’s informal sector under the formal system
It is a general perception that the informal economy mainly relates to poverty, lack of employment and illiteracy, etc. However, it remains an indispensable part of a region’s growth and development....
Samia Suluhu Hassan creates history as the first female president of Tanzania
Samia Suluhu Hassan has created history as she becomes the first female President of the United Republic of Tanzania. She was sworn in as the 6th President of Tanzania and the Head of State in the...
Why is it important for banks to connect with the informal sector?
Access to banking services in Africa has improved significantly over the years. Digital transformation of financial services has enabled banks to reach wider audiences in many countries. People can...
How fintech is changing payments in Africa
Ever since the launch of M-Pesa by Safaricom in 2007, a wave of digital payments has risen in Africa. Over the years, Africa has become a global leader when it comes to mobile payments. According to...
Importance of audit trail for the informal economy
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...
How can informal savings groups fight against corruption?
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....
Importance of mobile money for SACCOs in Tanzania
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...
Ready to launch CAMS in Tanzania with 1000 members
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...
Environmental, Social and Governance (ESG) in sync with Africa’s growth
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...
Accelerating digital transformation of Africa’s informal economy
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...