Comsip restoring livelihoods with enhanced savings, investment knowledge

The Roads Authority with funding from the World Bank is reconstructing the 46 km Karonga-Songwe Road and the project has displaced some people from their homes and business interests, resulting in loss of livelihoods. Government provided compensation to the Project Affected Persons (PAPs) to help them restore their livelihoods to pre-project status or better and […]

Agribusiness: The future of farming in Malawi

For 56-year-old Agnes Soko, agriculture has not only offered a path out of poverty and hunger, but an improved livelihood for her family and many other Malawian smallholder farmers who constitute 80 percent of the population. Soko, a member of Tikolerane Comsip Cluster in Traditional Authority (T/A) Chikulamayembe in Rumphi, participated in the Legume Enterprise […]

Comsip quizzes Karonga District Council over missing K3.5 million

Community Savings and Investment Promotion (Comsip) has quizzed Karonga District Council to account for K3.5million meant for formulation of Comsip groups under Livelihood and Skills Development Programme with funding from World Bank. Speaking during an open day which was organized by Comsip groups Sunday, Chief Executive Officer for Comsip, Tenson Gondwe asked Karonga Council to […]

COMSIP  set aside K741 million for community empowerment

The Community Savings and Investment Promotion (COMSIP) has set-aside K741 million as training grants to its members to facilitate procurement of materials for capacity building in different business skills  across the country . COMSIP Chief Executive Officer, Tenneson Gondwe said this at Lunzu Trading Centre in Blantyre when his organization disbursed K2.1 million training grants […]

Minister Mussa says COMSIP co-op essential in value addition, job creation

Minister of Industry, Trade and Tourism Henry Mussa has said cooperatives under Community Savings and Investment Promotion (COMSIP) are essential in the improvement of value addition to farm produce as well as creating job opportunities. He made the remarks Saturday at Jenda in Mzimba when he officially opened Champhira COMSIP Cooperative Factory plant. The factory […]

Comsip trains Malawi farmers in produce promotion

Community Savings and Investment Promotion (Comsip) this week conducted a three-day products promotion training for farmers in Mponela, Dowa. Speaking during closing of the training on Wednesday, Comsip social protection officer Harold Dunga said the training has empowered farmers with knowledge and skills in how to market their produce and products using Comsip structure. “In […]

Mzimba Comsip members hail new funeral insurance

Members of Community Savings and Investment Promotion (Comsip) in Mzimba have praised the new funeral insurance scheme, saying it will ease their financial burdens in times of sorrow. They were speaking at a meeting in Mzimba on Friday where Comsip officials introduced new products. On September 5 this year, Comsip and Nico Life Insurance Company […]

COMSIP launches Funeral Scheme in partnership with NICO

Community Savings Investment Promotion (COMSIP) in partnership with NICO on Friday launched COMSIP Funeral scheme which is designed to cushion members from funeral expense shocks. The launch took place at Mpita COMSIP Cooperative in the area of Senior Group Village Headman Sankhanichigwedera, Traditional Authority (T/A) Njewa in Lilongwe after the official signing ceremony of the […]

Comsip empowers communities in Blantyre through savings, investment

Community Savings and Investment Promotion (Comsip) is helping communities in Traditional Authority (T/A) Lundu in Blantyre on savings and investment following an orientation it is implementing in the area. The exercise aims at promoting community savings and investment among Public Works Programme workers and Social Cash Transfer beneficiaries through the provision of grants and technical […]

Cooperatives contributing to Malawi economic growth – Official

Assistant Registrar of Cooperatives in the Ministry of Trade, Industry and Tourism, Chezani Otaniele has commended Comsip cooperative for the role they are playing in improving the country’s economy. He made the remarks Friday in Lilongwe at Comsip’s 5th annual general meeting. The registrar said since their establishment, cooperatives have promoted the culture of savings […]

Comsip co-op leaders told to be transparent and accountable

Leaders of various cooperatives under Community Savings and Investment Promotion (Comsip) union limited have been urged to be aggressive and accountable in the management of their groups. Comsip Operations Manager, Suzan Khondowe made the appeal Friday in Lilongwe during a day-long governance training which had attracted over 300 cooperative leaders across the country. She said […]

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 […]

COMSIP orients Malawi councils on SMS reporting model

Monitoring and Evaluation officers (M&Eos) for district councils from northern and central regions on Monday underwent a one-day orient workshop on short messaging system (SMS) reporting model at Mponela in Dowa district. Community Savings and Investment Promotion (COMSIP) Cooperative Union Limited organised the training whose aim was to orient the participants on the new reporting […]

Kasungu communities hail Malawi public works programme, savings promo

Communities from Senior Chief Kaluluma, T/A Chisemphere and Sub-T/A Chisikwa in Kasungu North Friday hailed public works programme and Community Savings Investment Promotion (Comsip) for economically transforming their livelihoods. The communities made the remarks at Kawinama Primary School in the district during a Field Day organised to provide platform for Comsip groups, clusters and cooperatives […]