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Microsoft East Africa, through the support of its 4Afrika initiative, has signed a Memorandum of Understanding (MoU) with World Council of Credit Unions (WOCCU) to help accelerate digital transformation within the Savings and Credit Cooperative Organisation (SACCO) sector. SACCOs play a key role in Kenya’s economic strategy, bolstering income-generating opportunities and more recently contributing to around 5.7 percent of the country’s GDP. According to the Sacco Societies Regulatory Authority (SASRA), they form an important part of the deposit taking and lending market in Kenya, providing financial services to around six million households across the country. “The AppFactory will turn young people into highly competent, in-demand ICT professionals. Local companies, including ourselves, need more of this talent, especially in an increasingly digital world,” says Tim Hobbs, Director and CEO of Mawingu Networks.

Tim hobbsBob koigiMegan odonnellAmrote abdellaMawingu networksWorld council of credit unionsCredit cooperative organisationSacco societies regulatory authorityTechnology for innovationWorld councilEast africaCooperative organisationRegional directorFinancial inclusion projectScoop kenyaMegano donnell