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We are excited to announce that Wakandi has secured a payment service provider (PSP) license from the Central Bank of Kenya (CBK). The license enables Wakandi to facilitate payments and optimise...
Introduction Kenyan microfinance sector is quite unlike the formal banking sector or like other microfinance sectors in the neighboring countries. In Kenya, the sector is regulated and supervised...
On November 24, 2022, the Norway, Sweden, and Kenya Business Seminar, themed “Pioneering Sustainability Together,” was held in Nairobi, attended by 170 organizations, with special visits by His...
Boda boda, motorcycle taxis commonly found in East Africa, have been providing transportation and delivery services to millions of people. There are 1.2 million boda bodas in Kenya working day and...
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...
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...
SACCOS in Kenya have always been considered as a mechanism to promote savings and credit services. They have contributed immensely towards the socio-economic development of farmers, workers, and...
The role of cooperative societies in Kenya has been extensive and impressive. They range from agricultural and livestock cooperatives in rural areas to savings and credit cooperatives (SACCOS) in...
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...
Microfinance in Africa is considered an instrument for convenient and affordable financial services. It primarily refers to providing small-scale financial services to the users. There are 14...
SACCOS have been serving the informal sector in Kenya for decades. They have continued following traditional methods to offer their services. Trust and social interaction remain important aspects...
The financial sector across the globe is witnessing a digital transformation. Equity Bank Kenya Limited reported a rise of 38% in merchant banking digital payments. Beyond commercial banking, mobile...
