NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Monday, September 30, 2019

By Claire Wanja

Ken Njoroge, Co-founder and Co-CEO of Cellulant- Africa’s leading financial technology company was Tuesday named the recipient of the 2019 Schwab Foundation Social Entrepreneur of the Year Award, an honour bestowed each year by the World Economic Forum’s sister organization, Schwab Foundation to identify and recognize the world’s leading social entrepreneurs.

The Schwab Foundation award is in recognition of Cellulant’s work in building digital payments and financial services that enable businesses and consumers in critical sectors such as Agriculture, Retail Distribution, Transport, Logistics and E-commerce to access services at the very point where they need them.

Founded by Co-CEOs Ken Njoroge and Bolaji Akinboro, Cellulant offers the opportunity to create transformational growth within African economies by expanding financial inclusion on a continent where nearly two-thirds of the population do not have a bank account.  This includes easy-to-access digital payment solutions, interoperable financial services, and mobile banking solutions that can help the unbanked open accounts, cut fees, and save for the future.

Photo courtesy of lirneasia.