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...
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Why SACCOS in Kenya should focus on employment and digital skills?
Savings and Credit Cooperative Societies (SACCOS) have remained at the forefront of mobilizing savings for millions in Kenya. They have resulted in a huge impact on financial inclusion in Kenya,...
Innovation Norway signs agreement in Kenya: New avenues for Wakandi
Innovation Norway has recently signed an agreement with the Ministry of Agriculture, Livestock, Fisheries, and Cooperatives in Kenya. The goal of the agreement is to strengthen the cooperation to...
A look at the future of SACCOS in Kenya
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...
Factors influencing the performance of SACCOS in Kenya
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...
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...
How being innovative can solve various problems for financial institutions
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...
Enabling digitization of the informal sector with CAMS
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...
Moving towards digitization – Wakandi onboards SACCOS in Kenya
As technology closes in to transform the finance world, we help SACCOS move from manual tasks to digital processes with CAMS.
Why should SACCOS in Kenya be digitized?
SACCOS have been a symbol of trust and reliability when it comes to financial services for many millions in Africa. The growth of SACCOS in Kenya has been significant as they have witnessed a steady...