The growth trajectory gained by deposit-taking Savings and Credit Cooperatives (SACCOs) in 2017 was according to key financial growth parameters appealing. With total assets increasing to Ksh 442.27 billion in 2017, it reflected a growth rate of 12.4 percent from the previous year. The total loans shot to Ksh 331.2 billion reflecting a hike of 11.29 percent from 2016; while deposits grew to Ksh 305.3 billion reflecting a growth rate of 12 percent from the previous year. Unlike in the banking sector, this growth has happened with very little technological interventions, but the sector is now ripe for technology driven efficiencies and innovation. To digitally transform and deploy technologies to meet changing customer demands and transform the customer experience.
It is against this background that CIO East Africa is hosting the Second SACCOTech Summit. The East Africa SACCOTech Forum purposes to explore technology use-case sand discuss ways in which the SACCOs can effectively identify, adopt and benefit from the implementation of disruptive forth industrial revolution (4IR) technologies including Cloud, AI, IoT and Blockchain.
CIO at Mwalimu National
CEO of CIO East Africa
Chairman & Publisher at CIO East Africa
General Manager ICT and Business Innovations at Kenya police Sacco
ICT Manager at Boresha Sacco
CEO of Kipochi
CIO at Stima Sacco
Director | Android Platform Partnerships | Africa. of Google.
Nairobi Serena Hotel
Processional Way, Nairobi City, Kenya
Nairobi City, Nairobi County, Kenya
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