Financial Inclusion Starts with Data Insight
In an increasingly interconnected world, the question of financial inclusion remains a vital topic of discussion. With millions of individuals in Africa and other emerging markets still struggling to...
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
Development strategies to spur growth at cooperative societies
Cooperative societies play a key role in promoting savings and credit facilities in many African countries. They act as an instrument to provide savings and credit services thereby raising the...
Re-imagining finance in Kenya after the pandemic
COVID-19 brought substantial disruption in the finance sector in Kenya. Kenya’s GDP growth slowed down to -0.3% in 2020 – a record low since 2008. Banking operations and financial performance were...
Kenya is emerging as a fintech innovation hotbed in Africa
Africa has witnessed tremendous financial innovation over the past decade. Powered by the rapid adoption of mobile technologies, innovators and tech startups are building a modern infrastructure with...
Banks adopt digitization amidst the COVID-19 pandemic
The number of people having bank accounts rose from 170m in 2012 to 300m in 2017. It is expected to reach 450m by 2022. However, access to physical branches and manual processes for most services...
Insights,
Banking,
Africa,
Wakandi,
CAMS,
Finance,
Fintech,
SocialImpact,
IFGs,
partner-bank,
Digital Transformation,
Financial Inclusion
Collaboration and Innovation – building Africa’s fintech landscape
The impact of financial technology (fintech) in Africa has been substantial. Fintech, especially mobile money, has emerged as a worthy adversary to traditional finance. It has created an open...
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....
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...
Banking,
Newsroom,
Tanzania,
SACCOs,
Finance,
IFGs,
partner-mno,
Financial Inclusion,
Digital Transformation in Tanzania
Mobile enabling digital transformation in Tanzania
Tanzania is witnessing a digital transformation. More people now connect to digital services in various sectors, including healthcare, finance, commerce, education, etc. The digital transformation in...
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...