COMSIP adopts three year strategic plan

Community Savings Investment Promotion (COMSIP) union Friday held its 4th annual general meeting where among other activities a three year strategic plan was adopted.

Speaking to the press, COMSIP Board Chair, Kenani Gondwe described this year’s meeting as the best as a number of resolutions were passed.

Gondwe said, the meeting agreed that from now onwards, COMSIP members should start adding value to their agricultural produce with the aim of meeting the international market standards.

He further said the meeting also encouraged members to take agriculture as a serious business that could improve their quality of life.

“We are holding this annual general conference to reflect on how we have performed in the year just ended and chart the way forward. Our emphasis this time around is to have as many cooperatives as possible while at the same time encouraging our members to develop the culture of saving and investment.

“Furthermore, we want to venture into capacity building where we want our members to have the Morden knowledge in almost every field for them to be able to survive in times of hardships,” Gondwe explained.

He then described the year 2014 /2015 the best as a K27.3 Million profit was realised up from K16.1 in the 2013/2014 financial year.

“We are into many agro-businesses and this is what keeps on increasing the capital for our union,” the board chair said.

Apart from the increased profit, Gondwe said the only challenge their organisation faced in the year was high demand for COMSIP services.

He said, “We don’t just encourage people to be in groups but we rather teach them how to start businesses, how to manage those businesses and make them grow into bigger enterprises.”

Rodgins Mkanda Member of COMSIP from Mzuzu city Cooperatives commended the current leadership for guiding and leading the union to a position they all dreamt about.

“We have always wanted this union to grow big and this is really what is happening. The leadership should be commended for fulfilling our goals and sticking to the vision,” Mkanda explained encouraging more Malawians to join cooperatives.

On this day, apart from adopting various reports and passing new resolutions members also elected new officer bearers.

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