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May 09, 2026
ACCOSCA DATES MALAWI
In light of the 2025 International Year of Cooperatives, African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) visited Malawi to showcase how SACCOs are accelerating progress towards UN Sustainable Development Goals under people and prosperity pillars.“ACCOSCA being a mother body of all SACCOs in Africa is here in Malawi and is visiting MUSCCO. We are happy to be part of showcasing what credit unions are doing in the continent. We want to show the impact of SACCOs especially in rural areas.“With SACCOs, everybody is being encouraged to save, people are building capital, people are accessing affordable credit and they are doing amazing, Credit unions are playing vital role in strengthening the national economic backbone and contributing directly towards self reliance,” said George Ombado, ACCOSCA Executive Director. Chief Executive Officer for UCS SACCO, Francis Waliwa, underscored the impact of SACCOs stating that they are bridging the financial gap in Africa and tailoring solutions that addresses financial inequalities. “In our country, His excellence Dr. Lazarus Chakwela joined United Civil Servants Sacco. He has seen that through cooperative business model, through United Civil Servants SACCO, people will be supported financially. UCS SACCO is a towering example that when people come together, they can contribute to Africa’s broader vision of inclusive social economic development and national building. We are optimistic that cooperative business model can eradicate poverty in Malawi and Africa at large,” said Waliwa. “For instance, we have Gonjetso Kumpatsa, a UCS SACCO member who brought innovative solutions by bringing health facilities to his local community in Mangochi through a SACCO business model. As of today, he is able to give out OPD services, antenatal services and other health-related services to community members,” added Waliwa. Board Chairperson for UCS SACCO, Fletcher Mhango, applauded United Civil Servants SACCO’s status as a market leader on the local front, the institutions room for growth, and its social impact. “We as United Civil Servants SACCO, we are the best in the country; we are the giant of the nation. We are also recognized as the fastest growing SACCO in Africa. We have the best governance structure that provides strategic direction. This SACCO, big and fast growing as is the case, is going to uphold the same zeal so that it registers its highest growth rate,” said Mhango.
