By George Bulombola

Mzuzu, April 5, Mana: United Civil Servants Sacco (UCSSACCO) says it is committed towards promoting savings culture for improved livelihoods in contribution to attainment of Malawi 2063 which among others focuses on growing the economy with localized ideas and solutions.

The remarks were made Friday by General Manager for UCSSACCO, Francis Waliwa in Mzuzu during the organization’s interactive meeting media.

Waliwa said that no nation can grow economically if its citizenry does not embrace the culture of savings and that this can only be achieved by empowering people with knowledge on the need for practicing good financial management for financial resilience.

“The Malawi 2063 also talks of economic inclusivity and wealth creation, UCSSACCO call on Malawians to join the association as they join other stakeholder’s efforts in achieving the country’s development blueprint,” said Waliwa.

Waliwa then boast of the association’s increased membership which is at about 69,000 besides registering assert increase from K16.7 billion in 2022 to almost K28 billion in 2023 representing more than 67 present growth.

“More to that, we have increased our profit from K4 billion to K7 billion within the same period, representing 65 percent and we have managed to K2 billion dividend to members,” he said.

We have also grown our membership because last year alone, we brought in 14, 000 members including the State President Dr. Lazarus Chakwera,” he added.

Waliwa also said that since the association’s businesses is beyond balance sheet, they supported members with long term loans.

“We also carried out charity work which included donating to survivors of Cyclone Freddy, Salima Resource Centre, Bandawe School for the Deaf and refurbished Mapanga Prison Training Centre administration block which was gutted by fire,” said Waliwa.

In his remarks, President of northern region based Nyika Media Club, Feston Malekezo commended UCSSACCO for organizing the meeting, pledging that the media will use the knowledge and information gained to civic educate the public on the importance of joining the association.

“I am pleased here to say that the association with other stakeholders managed to support our annual general meeting. This interaction cements  the good partnership between and UCSSACCO and the media,” said Malekezo

UCSSACCO is a member owned institution which offers a range of savings and products to civil servant in Malawi and is an affiliate of Malawi Union of Savings and Cooperatives.