{"id":167321,"date":"2025-06-21T22:43:00","date_gmt":"2025-06-21T21:43:00","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/masm-announces-k5-3-billion-surplus"},"modified":"2025-06-21T22:43:00","modified_gmt":"2025-06-21T21:43:00","slug":"masm-announces-k5-3-billion-surplus","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/masm-announces-k5-3-billion-surplus","title":{"rendered":"Masm announces K5.3 billion surplus"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>Malawi Aid Society of Malawi (Masm) has announced a net surplus of K5.23 billion in 2024 from the K1.19 billion in 2023.<\/p>\n<p>Masm board chairperson George Chitera made the announcement on Friday during Masm\u2019s 40th annual general meeting in Lilongwe.<\/p>\n<p>Chitera also announced that the Society has recorded a net membership growth of 25 percent from 165,198 to 205,895 members between July 2023 and December 2024.<\/p>\n<p>He attributed the growth to its continued offering of high-quality service and flexible scheme options which addressed affordability concerns and bolstered new member acquisitions and retention efforts.<\/p>\n<p>\u201cWe are thrilled with the Society\u2019s impressive financial performance which is a testament to our team\u2019s hard work and dedication.<\/p>\n<p>\u201cDespite the economic challenges we have demonstrated our ability to adapt and thrive and we are confident that our strategic initiatives will continue to drive growth and success,\u201d Chitera said.<\/p>\n<p>Masm Chief Executive Officer Ulemu Katunga said the society would continue improving members\u2019 satisfaction and efficiency, upgrading systems and driving the digitalization agenda to grow the society and enhancing members\u2019 experience.<\/p>\n<p>\u201cNow that the society is growing, we will ensure that we continue improving our system to satisfy our members,\u201d Katunga said.<\/p>\n<p>During the general meeting, for Malawi Revenue Authority Commissioner General John Bizwick and Josephine Mchungula were elected into the board.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. Malawi Aid Society of Malawi (Masm) has announced a net surplus of K5.23 billion in 2024 from the K1.19 billion in 2023. Masm board chairperson George Chitera made the announcement on Friday during Masm\u2019s 40th annual general meeting in Lilongwe. Chitera also announced that the Society has recorded a net membership growth [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":167320,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1570,2140,254],"class_list":["post-167321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-nigeria-2","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Masm announces K5.3 billion surplus - Nigeria<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/masm-announces-k5-3-billion-surplus\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Masm announces K5.3 billion surplus\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Nigeria. Malawi Aid Society of Malawi (Masm) has announced a net surplus of K5.23 billion in 2024 from the K1.19 billion in 2023. Masm board chairperson George Chitera made the announcement on Friday during Masm\u2019s 40th annual general meeting in Lilongwe. 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