Zigama CSS records a 22.8 billion net profit

Kigali, 18 July 2023

Zigama Credit and Savings Society (ZIGAMA CSS) has announced a net profit of 22.8 Billion for the year 2022. It is an increase from 17.7 Billion recorded as net profit in 2021.

The Minister of Defence, Hon Juvénal Marizamunda, presided over the 38th General Assembly. In attendance were Hon Alfred Gasana, the Minister of Interior, Hon Dr Emmanuel Ugirashebuja, the Minister of Justice, Lt Gen Mubarakh Muganga, the Chief of Defence Staff, along with service chiefs, heads of security organs, and a chosen group of members.

Dr. James Ndahiro, the Chairman of the Board of Directors of Zigama CSS, noted that the assembly conveyed its appreciation for the fact that 97% of the cooperative members have adopted digital banking as opposed to waiting in queues at the cashiers.

"We are actively advocating for enhanced online services within our bank, enabling members to conveniently access a wide range of services using their mobile phones. Additionally, the meeting evaluated the significance of enhancing the well-being of junior members in the bank. As a result, a committee was formed, tasked with delivering a comprehensive report within one month, outlining actionable steps to enhance their quality of life," said Dr Ndahiro.

ZIGAMA CSS is a financial cooperative with membership drawn mainly from Security Organs namely Rwanda Defence Force, Rwanda National Police, Rwanda Correctional Services, National Intelligence and Security Service, Rwanda Investigation Bureau and Rwanda Forensics Laboratory.