Sacco
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Business
More Saccos in surplus
Savings and Credit Cooperatives (Saccos) under Chapter One Sacco have registered a surplus, with ten of them declaring a dividend.…
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Business
Regulation should not suffocate Saccos— Joseph Mwanamvekha
Industry, Trade and Tourism Minister, Joseph Mwanamvekha, has emphasised that regulatory framework should not create unnecessary barrier and deter development…
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Business
Polymed Sacco writes off K28.9 million bad debts
High levels of delinquency have seen Blantyre-based Polymed Sacco writing off K28.9 million in bad debts, the institution said. Speaking…
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Business
Sacco battling debt
United Civil Servants Savings and Credit Cooperative (UCS Sacco) has said government’s delay to remit deductions from civil servants amounting…
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Business
Sacco members to share K16 million
Members of the Mudi Savings and Credit Cooperative (Sacco) will this year share K16.1 million dividend after the Sacco made…
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Business
Government, Saccos differ on arrears
Savings and Credit Cooperatives (Saccos) say delays by government to effect payroll deductions for Sacco members is affecting their growth.…
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Business
Mudi Sacco commemorates 25th anniversary with profit
Mudi Sacco has this year clocked 25 years and the anniversary celebrations will certainly be spiced with an announcement that…
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Business
Thyolo Teachers Sacco launches Strategic Plan
The Malawi Union of Savings and Credit Corporative (Muscco) has called on savings and credit corporatives (Saccos) in the country…
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Business
30 Saccos pass RBM tests, 7 told to merge
Thirty of the 44 savings and credit corporative (Saccos) in the country have been licenced by the Reserve Bank of…
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Business
New regulations spur Sacco growth
The Malawi Union of Savings and Credit Cooperatives (Muscco) says new financial market regulations introduced in the country have had…
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