United Civil Servants SACCO holds its 31st Annual General Meeting

United Civil Servants SACCO (UCS SACCO) has celebrated its 31st Annual General Meeting at BICC in Lilongwe under theme: Advancing a Digitally Enabled SACCO.

Speaking during the Meeting, guest of honour, Minister of industrialization, business, trade and tourism Simon Itaye described UCS SACCO as one of the crucial institutions for financial transformation in the country. Itaye then expressed interest to join UCS SACCO as a member.

Among other things, the minister commended UCSSACCO for adopting the Document Management System (DMS) which has helped the institution to reduce the use of paper by 90 percent.

Fletcher Mhango, board chairperson for UCS SACCO, reaffirmed the board's continued commitment in ensuring that UCS SACCO is extremely competitive when it comes to service delivery on the local front and beyond boarders through its diaspora portfolio.

During the meeting, Chief Executive Officer for UCS SACCO, Francis Waliwa, described the 2025/2026 financial year as a success citing that the institution registered a k15.7 Billion profit after increasing it's loan book from k32 Billion to k48 Billion.

Waliwa added that the Institution recruited over 15 thousand members in 2025, a development that signifies growth.

He also underscored the Sacco's potential room for further growth through digital innovation as it eyes to expand it's membership to 500 thousand members by the year 2030.

Chief Executive Officer for MUSCCO, Fumbani Nyangulu, emphasized that Saccos encourage a savings culture, wealth creation, and national economic growth, and therefore, there is need for government to create an enabling environment for sacco's to thrive in the country.