Zanzibar sees technology in the cooperative sector in deal with Mixx by Yas
ZANZIBAR: THE Revolutionary Government of Zanzibar has insisted on the adoption of technology in the cooperative sector saying it will enhance transparency, accountability, and public participation in financial services following the signing of a partnership agreement between Mixx by Yas and the Zanzibar Department of Cooperative Development.
Speaking during the signing ceremony, which was held as part of the International Day of Cooperatives celebrations, the Minister of State in the Office of the Second Vice President responsible for Policy, Coordination and House of Representatives Affairs, Hamza Hassan Juma, said the partnership aligns with the government’s commitment to accelerating digital transformation in the cooperative sector.
He said the introduction of digital systems will enable cooperative societies to operate through modern, secure and efficient platforms while improving transparency in financial management, strengthening accountability, and expanding access to financial services for citizens.
“Digital transformation in the cooperative sector will enhance transparency, strengthen accountability and provide citizens with better financial services. Collaboration between the government and the private sector is essential for achieving inclusive development and building a modern economy that benefits every citizen,” Hamza said.
According to the government, the partnership is expected to benefit thousands of cooperative members, community groups and entrepreneurs across Zanzibar by simplifying financial management through digital platforms, improving transaction security and expanding access to financial services.
Speaking at the event, Mixx by Yas Director of Legal Compliance, Abdallah Nguba, said the agreement lays the foundation for major reforms that will transform the way cooperative societies manage finances and deliver services to their members through technology.
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He explained that through the Mixx Kikoba platform, cooperative members will be able to save money, make group contributions, process payments, purchase shares, receive dividends and apply for loans directly from their mobile phones.
“This agreement lays the foundation for significant reforms in the cooperative sector by improving financial management, enhancing transparency and simplifying service delivery through technology. Through Mixx Kikoba, members will be able to save, contribute to group funds, make payments, buy shares, receive dividends and even apply for loans directly using their mobile phones,” Nguba said.
He added that cooperative societies remain a key pillar of economic development by bringing together farmers, fishermen, livestock keepers and entrepreneurs, while digital technology will strengthen accountability, improve financial record-keeping and generate reliable data to support more effective government planning.
The partnership is also expected to accelerate the formalization of community groups and cooperative societies, reduce reliance on cash transactions and build greater trust among members through secure and transparent digital systems.
The initiative further reinforces Mixx by Yas’ role as a strategic government partner in advancing financial inclusion and accelerating the digital economy, enabling citizens to participate more actively in the economic development of Zanzibar and Tanzania as a whole.
