Chiweto

We help farmers to have better farming practices through inclusive digital solutions for profitable farming while addressing development partners data needs.

[Onjezani Kenani @onjezani]

Malawians in the diaspora, the Reserve Bank of Malawi has come up with favourable conditions for opening foreign currency denominated accounts. See the attached advert from Malawi News. I took time to transcribe it to make it easier to read.

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THE RESERVE BANK OF MALAWI
PRESS RELEASE

UPDATE ON CONDITIONS APPLYING TO DIASPORA FOREIGN CURRENCY DENOMINATED ACCOUNTS

The Reserve Bank of Malawi (“the Bank”) wishes to inform and sensitize the general public about the applicable conditions governing the newly introduced Diaspora Foreign Currency Denominated Accounts (FCDAs). These accounts have been created to ensure that Malawians living abroad can enjoy convenient banking services in Malawi under favourable conditions, thereby incentivizing diaspora remittances.
The following are the key points to note:

Definition and Eligibility

Diaspora FCDAs are foreign currency accounts held in Malawi by Malawian citizens residing outside the country. These accounts must be funded with money that does not originate from Malawi and is not derived from export proceeds.

Diaspora refers to Malawian citizens who have lived outside Malawi for more than 12 consecutive months, whether for employment, business, education, or any other purpose.

Authorized Dealer Banks (ADBs) may open a Diaspora FCDA for a Malawian citizen who provides authentic documentation proving that they have relocated or will relocate outside Malawi for at least 12 consecutive months.

Documentation Requirements

Banks shall require any of the following before opening a Diaspora FCDA:

Employment offer letter for a period exceeding 12 months, plus acceptance of the offer.
Valid work or residency permits.
Admission letter from an educational institution confirming enrolment for a period of over 12 months.
Any additional documentation that, in the bank’s opinion, clearly demonstrates that the applicant will reside outside Malawi for more than 12 consecutive months.

Favourable Conditions Provided by ADBs

Subject to compliance with Foreign Exchange legislation and other regulatory requirements, ADBs offer favourable conditions for operating Diaspora FCDAs, including:

Reduced paperwork for account opening and transactions.
Simplified processes for sending money locally and internationally.
Ability to apply for account opening online.
Access to online banking platforms.
Issuance of debit cards.
Assignment of a dedicated diaspora private banker.

Treatment of Funds Upon Return

Where a diaspora account holder returns to Malawi temporarily or permanently, ADBs will continue to treat inflows from the individual’s diaspora engagement as diaspora funds, provided the account holder submits proof of such earnings.

Conditions Applicable to All Diaspora FCDAs

Cross-border remittances and payments from Diaspora FCDAs are not subject to Exchange Control requirements.

Account holders may make hard currency withdrawals for any purpose once per calendar month, up to 50% of the account balance.

Requests for hard currency withdrawals exceeding the 50% limit require prior approval from the Bank.

Permitted FCDA Transfers

The following transfers are allowed:

From a Diaspora FCDA to another Diaspora FCDA.
From a Diaspora FCDA to a Non-Resident FCDA.
From a Diaspora FCDA to a Resident FCDA, including transfers to foreign exchange bureau FCDAs for Malawi Kwacha equivalent cash or bank transfer.

The Bank advises all interested individuals to contact their respective bankers for more detailed information on Diaspora Foreign Currency Denominated Accounts. The Bank remains committed to fostering an environment that promotes and incentivizes diaspora remittances.

Henry H. Mathanga
DEPUTY GOVERNOR, ECONOMICS & REGULATION
30 January 2026

[BRICS News @BRICSinfo]

🇸🇦 Saudi Arabia officially allows foreign nationals to buy homes, land, and farms in the country.

[Chiweto @ChiwetoMW]

We are hiring!!!

If you are passionate about insurance and digital products and ready to take your career to the next level, we want to hear from you! visit https://t.co/MrDE9PtsD7

[mHub Malawi @mHubMW]

Are you ready to shape the future of farming?
Join us #LIVE this Monday, 28 April on the mHub Facebook Page for the #AYUTEMalawi2025 Challenge launch!
Win your share of $20,000 for your bold agri-tech solution!
@Heifer
#YouthInAgTech #FutureOfFarming #InnovateForImpact

[FAO Livestock @FAOLivestock]

🌍🐄 Transforming Dairy for a Better World:
For the first time, @FAO Director of Animal Production & Health spoke with Japanese dairy farmers. Asia leads in innovation & sustainability. Challenges: Feeding billions, reducing GHG.
We are part of the solution! #SustainableLivestock

[Chiweto @ChiwetoMW]

Testing the MVP for Community-Led Monitoring system for @actionaid_mw. The team had a fruitful session at Mzokoto Health Centre in Rumphi and gave constructive feedback #CLM #DigitalHealth @GlobalFund @health_malawi @ActionAid!!

[Chiweto @ChiwetoMW]

We have just completed an intensive boot camp where we have developed a dynamic MVP for Community-Led Monitoring system for @actionaid_mw, a tool which will enhance its efforts towards #Health and Community Systems Strengthening #Malawi @GlobalFund @MinistryOfHealthMalawi

[FAO Livestock @FAOLivestock]

.@FAO, @UNEP, @WHO and @WOAH applaud the @G20 commitment to #OneHealth — an essential step toward safeguarding human, animal, plant, and environmental health.

👉https://t.co/28PL9Atrno

[Chiweto @ChiwetoMW]

We are hiring a marketing manager https://t.co/xgzVddJw6P

[Zantchito Malawi @zantchitoMalawi]

Tune in to Zodiak Tv @ 19:30 this evening (Sunday 15 September, 2024) for another insightful episode of 𝑻𝒊𝒌𝒂𝒎𝒃𝒆 𝒛𝒂 𝑩𝒊𝒛𝒊𝒏𝒆𝒔𝒊 with relevant business experts. Proudly coming to you with funding from the @EUinMalawi.

For more; https://t.co/6bhTsSZBIt

[FAO Livestock @FAOLivestock]

📢 Livestock provide a wide range of goods and services, including:

🍖 meat
🥛 milk
🥚 eggs
🐄 hides
🐑 fibers

🌎 Learn about global livestock systems and their impact!

➡️https://t.co/l7FLOtNrzb

[Chiweto @ChiwetoMW]

Today we have concluded our participation at 20th National Trade Fair#innovation4enhanced export thanks ⁦@Luanarofficial⁩ #ICT4D

[FAO Livestock @FAOLivestock]

🚨 New situation update on highly pathogenic avian influenza (HPAI) in Sub-Saharan Africa.

Read more on the latest developments and @FAO’s support to the affected countries.

➡️https://t.co/2DOahflBoW

#AvianInfluenza 🐤🦠 #AnimalHealth

[Chiweto @ChiwetoMW]

Congratulations to Lilongwe cycling club for winning the mountain bike race. #Chiweto promotes health not only in animals!

[RLC-SA @RLC_SAfrica]

YALI RLC SA alumni grant application!
We are extending grant opportunities to YALI RLC SA alumni of up to a maximum of $5 000 for your project.
Click the following link to submit your application: https://t.co/oxBqBTOBfl
Deadline: Friday, 26 July 2024

[FAO Livestock @FAOLivestock]

📢The @Eufmd is calling for proposals for small technical projects and field studies. Focus areas include surveillance enhancement, emergency vaccination, and laboratory capacity for #FASTDiseases.

Read more and apply🔗 https://t.co/1teARcMb37

⌛️ Deadline: June 30

[Chiweto @ChiwetoMW]

Reflecting on our work of empowering farmers using digital solutions #ICT4D #SDG17 @TACEluanar @Luanarofficial @GrowMw

[FAO Livestock @FAOLivestock]

📢 Upcoming webinar alert!

Listen to examples and perspectives on where action is and can be taken to transform livestock systems at different levels:

🔹Global
🔹Regional
🔹Multi-stakeholder
🔹Industry

Register here today! https://t.co/cT4iIXTqXb
#LivestockAgenda

[FAO Livestock @FAOLivestock]

A glass of milk 🥛 provides children with their daily requirement of nutrients such as calcium, magnesium, vitamin A, and vitamin B12.

For more #Milk benefits 👉 https://t.co/bQM8ScU6Py

#WorldMilkDay