--- title: Wakandi updates | Insights (2) description: Insights | Our vision is to be the global leader in creating equal financial opportunities. Follow us on our journey. (2) --- 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 [Insights](https://blog.wakandi.com/tag/insights?hsLang=en), [Africa](https://blog.wakandi.com/tag/africa?hsLang=en), [SACCOs](https://blog.wakandi.com/tag/saccos?hsLang=en), [Finance](https://blog.wakandi.com/tag/finance?hsLang=en), [SocialImpactTech](https://blog.wakandi.com/tag/socialimpacttech?hsLang=en), [Fintech](https://blog.wakandi.com/tag/fintech?hsLang=en), [SocialImpact](https://blog.wakandi.com/tag/socialimpact?hsLang=en) ##### [SACCOs in Africa are tapping into fintech for growth](https://blog.wakandi.com/blog/saccos-in-africa-are-tapping-into-fintech-for-growth?hsLang=en) For decades, savings and credit cooperatives (SACCOs) have been providing small loans and savings facilities to their members. They have extended their services to millions of households in Africa... Apr 15, 2022 7:27:29 PM [Insights](https://blog.wakandi.com/tag/insights?hsLang=en), [Banking](https://blog.wakandi.com/tag/banking?hsLang=en), [Africa](https://blog.wakandi.com/tag/africa?hsLang=en), [SACCOs](https://blog.wakandi.com/tag/saccos?hsLang=en), [Finance](https://blog.wakandi.com/tag/finance?hsLang=en) ##### [Development strategies to spur growth at cooperative societies](https://blog.wakandi.com/blog/development-strategies-to-spur-growth-at-cooperative-societies?hsLang=en) 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... Jan 25, 2022 9:58:35 PM [Insights](https://blog.wakandi.com/tag/insights?hsLang=en), [kenya](https://blog.wakandi.com/tag/kenya?hsLang=en), [SACCOs](https://blog.wakandi.com/tag/saccos?hsLang=en), [Finance](https://blog.wakandi.com/tag/finance?hsLang=en), [Innovation](https://blog.wakandi.com/tag/innovation?hsLang=en), [Technology](https://blog.wakandi.com/tag/technology?hsLang=en) ##### [Promoting membership growth and collaboration for SACCOs](https://blog.wakandi.com/blog/promoting-membership-growth-and-collaboration-for-saccos?hsLang=en) Savings and credit cooperatives in Kenya have been connecting millions of people to provide affordable financial services. These members are responsible to deposit savings and applying for loans as... Jan 19, 2022 9:53:29 PM [Insights](https://blog.wakandi.com/tag/insights?hsLang=en), [Africa](https://blog.wakandi.com/tag/africa?hsLang=en), [SACCOs](https://blog.wakandi.com/tag/saccos?hsLang=en), [Finance](https://blog.wakandi.com/tag/finance?hsLang=en), [Cooperatives](https://blog.wakandi.com/tag/cooperatives?hsLang=en), [partner-umbrella](https://blog.wakandi.com/tag/partner-umbrella?hsLang=en) ##### [Impact of capacity building on cooperative societies’ success](https://blog.wakandi.com/blog/impact-of-capacity-building-on-cooperative-societies-success?hsLang=en) Cooperative societies across Africa have been operating for decades to offer affordable financial services. They play a pivotal role in the socio-economic upliftment of millions of people,... Jan 12, 2022 9:22:09 PM [Insights](https://blog.wakandi.com/tag/insights?hsLang=en), [kenya](https://blog.wakandi.com/tag/kenya?hsLang=en), [SACCOs](https://blog.wakandi.com/tag/saccos?hsLang=en), [Finance](https://blog.wakandi.com/tag/finance?hsLang=en) ##### [SACCO Societies Act 2008: Governing SACCO Societies in Kenya](https://blog.wakandi.com/blog/sacco-societies-act-2008-governing-sacco-societies-in-kenya?hsLang=en) SACCO Societies Act 2008 is an act of the Parliament of Kenya to make provision for licensing, regulating, supervising, and promoting savings and credit cooperative societies (SACCO) and establishing... Jan 5, 2022 10:01:27 PM [Insights](https://blog.wakandi.com/tag/insights?hsLang=en), [Africa](https://blog.wakandi.com/tag/africa?hsLang=en), [Microfinance](https://blog.wakandi.com/tag/microfinance?hsLang=en), [Technology](https://blog.wakandi.com/tag/technology?hsLang=en), [Women](https://blog.wakandi.com/tag/women?hsLang=en) ##### [How can technology enable microfinance institutes to empower women](https://blog.wakandi.com/blog/how-can-technology-can-enable-microfinance-institutes-to-empower-women?hsLang=en) Financial services combined with affordable technologies and digital systems have expanded opportunities for millions of people in Africa. Many African countries are recognizing the importance of... Dec 30, 2021 10:12:59 PM [Insights](https://blog.wakandi.com/tag/insights?hsLang=en), [Tanzania](https://blog.wakandi.com/tag/tanzania?hsLang=en), [SACCOs](https://blog.wakandi.com/tag/saccos?hsLang=en), [Finance](https://blog.wakandi.com/tag/finance?hsLang=en), [Innovation](https://blog.wakandi.com/tag/innovation?hsLang=en), [Technology](https://blog.wakandi.com/tag/technology?hsLang=en) ##### [Digitization to meet changing preferences of SACCOs](https://blog.wakandi.com/blog/digitization-to-meet-changing-preferences-of-saccos?hsLang=en) The savings and credit cooperative societies have made significant progress in money lending since their inception. They have been providing savings and credit services to their members, making... Dec 22, 2021 9:50:17 PM [Insights](https://blog.wakandi.com/tag/insights?hsLang=en), [Africa](https://blog.wakandi.com/tag/africa?hsLang=en), [Wakandi](https://blog.wakandi.com/tag/wakandi?hsLang=en), [SACCOs](https://blog.wakandi.com/tag/saccos?hsLang=en), [Finance](https://blog.wakandi.com/tag/finance?hsLang=en) ##### [How Wakandi can help bring better compliance to the informal finance](https://blog.wakandi.com/blog/how-wakandi-can-help-bring-better-compliance-to-the-informal-finance?hsLang=en) The role of cooperatives like savings and credit cooperatives (SACCOs) towards the unbanked has been critical. These cooperative societies have been providing financial support to millions of people... Dec 15, 2021 9:43:36 PM [Insights](https://blog.wakandi.com/tag/insights?hsLang=en), [Africa](https://blog.wakandi.com/tag/africa?hsLang=en), [SACCOs](https://blog.wakandi.com/tag/saccos?hsLang=en), [Finance](https://blog.wakandi.com/tag/finance?hsLang=en), [Innovation](https://blog.wakandi.com/tag/innovation?hsLang=en), [Fintech](https://blog.wakandi.com/tag/fintech?hsLang=en), [Technology](https://blog.wakandi.com/tag/technology?hsLang=en) ##### [How technology is shaping Africa’s informal finance](https://blog.wakandi.com/blog/how-technology-is-shaping-africas-informal-finance?hsLang=en) Technology has been transforming businesses across the globe and there is no stop sign. Industries are witnessing innovation through technology that is changing their products, processes, and... Dec 8, 2021 9:57:36 PM [Insights](https://blog.wakandi.com/tag/insights?hsLang=en), [kenya](https://blog.wakandi.com/tag/kenya?hsLang=en), [SACCOs](https://blog.wakandi.com/tag/saccos?hsLang=en), [Finance](https://blog.wakandi.com/tag/finance?hsLang=en), [Technology](https://blog.wakandi.com/tag/technology?hsLang=en), [Digital](https://blog.wakandi.com/tag/digital?hsLang=en) ##### [Kenya’s SACCOs may prevent fraud with digital transformation](https://blog.wakandi.com/blog/kenyas-saccos-may-prevent-fraud-with-digital-transformation?hsLang=en) Financial fraud is a notable threat impacting the growth of SACCOs and cooperative societies in Kenya. There have been several cases of theft and misappropriation of funds in previous years. Dec 1, 2021 9:23:03 PM [Insights](https://blog.wakandi.com/tag/insights?hsLang=en), [banks](https://blog.wakandi.com/tag/banks?hsLang=en), [Africa](https://blog.wakandi.com/tag/africa?hsLang=en), [Finance](https://blog.wakandi.com/tag/finance?hsLang=en), [Innovation](https://blog.wakandi.com/tag/innovation?hsLang=en), [Digital](https://blog.wakandi.com/tag/digital?hsLang=en), [partner-bank](https://blog.wakandi.com/tag/partner-bank?hsLang=en) ##### [Digital banking trends in Africa](https://blog.wakandi.com/blog/digital-banking-trends-in-africa?hsLang=en) The sudden emergence of coronavirus dealt a severe blow in African countries causing a rapid economic contraction. The pandemic impacted business across industries, including the finance sector. Now,... Nov 24, 2021 9:44:48 PM [Insights](https://blog.wakandi.com/tag/insights?hsLang=en), [Banking](https://blog.wakandi.com/tag/banking?hsLang=en), [kenya](https://blog.wakandi.com/tag/kenya?hsLang=en), [Wakandi](https://blog.wakandi.com/tag/wakandi?hsLang=en), [Finance](https://blog.wakandi.com/tag/finance?hsLang=en), [Technology](https://blog.wakandi.com/tag/technology?hsLang=en), [Digital](https://blog.wakandi.com/tag/digital?hsLang=en) ##### [Re-imagining finance in Kenya after the pandemic](https://blog.wakandi.com/blog/re-imagining-finance-in-kenya-after-the-pandemic?hsLang=en) 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... Nov 10, 2021 8:31:49 PM