Table of Contents
Key Points
- Mpinganjira's FDH Bank stake gains $274 million in 19 days, now worth over $842 million after a 48% share price surge.
- FDH Bank’s market cap surpasses $2 billion, becoming Malawi’s most valuable listed company amid soaring investor interest.
- FDH Bank stock up 255.79% year-to-date; a $100,000 January investment now worth over $355,000.
Malawian businessman Thom Mpinganjira has seen a sharp rise in the value of his banking shares, with his stake in FDH Bank now worth more than $840 million. The recent jump adds to his status as one of Malawi’s wealthiest individuals, as the bank’s stock continues to perform strongly on the local exchange.
Mpinganjira sees $274 million surge
Mpinganjira holds a 40.07-percent stake in FDH Bank through his investment firm, M Development Ltd. In just 19 days—from July 9 to the time of drafting this report—the value of his stake rose from MWK983.01 billion ($568.10 million) to MWK1.46 trillion ($842.69 million), thanks to a 48.33-percent increase in the bank’s share price.
This recent gain comes on top of a similar jump earlier in the year. Between January and early April, the value of Mpinganjira’s holdings more than doubled, rising from $240 million to $509.7 million. Together, these gains have firmly positioned him not only as one of Malawi’s richest individuals but also as a prominent player in Southern Africa’s banking sector.
FDH Bank hits $2 billion market cap
FDH Bank, one of Malawi’s leading financial institutions, operates under FDH Financial Holdings and offers a broad mix of services, including banking, investment management, and advisory. The bank was founded in 2002 by Thom Mpinganjira and has since grown steadily, with 53 branches and 91 ATMs across the country by 2020.
This year, FDH Bank has drawn even more attention on the Malawi Stock Exchange. Over the past 19 days, its share price has jumped 48.33 percent—from MWK355.54 ($0.2055) on July 9 to MWK527.39 ($0.3048)—pushing its market cap past $2 billion, making it the most valuable company on the exchange, reflecting growing investor confidence in the bank’s performance and outlook.
Your Money and Your Life
As of the time of writing, FDH Bank ranks as the second-best performing stock on the Malawi Stock Exchange in 2025, posting a remarkable year-to-date return of 255.79 percent. To put that in real terms, a $100,000 investment at the start of the year would now be worth about $355,790—an eye-catching gain by any standard.
This sharp rise in value reflects more than just strong numbers. It’s part of a wider shift in investor confidence across African banking stocks, especially those backed by solid financials, growing digital infrastructure, and clear leadership. FDH Bank checks all those boxes. The bank has doubled down on digital services and kept its expansion focused and deliberate—moves that continue to draw both institutional and everyday investors.
