Comsip unveils new strategic plan

Community Savings and Investment Promotion (Comsip) Cooperative Union Limited yesterday unveiled a new strategic plan whose main thrust is to make the entity autonomous.

The strategy becomes a third generation in a series of other plans that Comsip has been implementing such as a predecessor strategy, which covered the years 2015 to 2018 and a maiden plan that covered the period between 2011 and 2015.

Speaking to journalists on the sidelines of the Eighth Annual General Meeting in Lilongwe, Comsip chief executive officer Tenneson Gondwe said with a new strategic direction in place, the organisation aspires to secure both human and financial resources that are essential to sustain and grow the union’s work.

He said: “One distinctive feature of this strategic plan is to insulate Comsip from being perceived as a donor or government-driven project.”

Gondwe said the organisation intends to take its rightful role as an apex body of Comsip Primary Cooperative, providing the needs services to primary cooperatives as its main clients.

Reviewing the past performance, Gondwe said the organisation had engaged an extra gear by making strategic investments in a number of areas such as the establishment of Comsip Skills Enhancement Facility.

Speaking separately, Comsip board chairperson Leftan Chituzu said the organisation’s surplus has now increased from K78 million in 2018 to K177 million this year.

Specific to the to the 2015-2018 strategic plan, Chituzu said Comsip Cooperative Union Limited made tremendous strides.