Malawian billionaire Hitesh Anadkat’s FMB stake tops $2 billion
Hitesh Anadkat’s stake in FMB Capital tops $2 billion, driven by soaring shares and the bank’s growth across Southern Africa.
Hitesh Anadkat
Malawian billionaire Hitesh Anadkat’s FMB stake surges above $1.4 billion
Malawian billionaire Hitesh Anadkat’s FMB stake has soared to $1.4 billion as the banking group’s shares rally 320 percent in 2025, driving renewed investor confidence.
Malawi billionaire Hitesh Anadkat’s FMB stake tops $1.2 billion
Malawian billionaire Hitesh Anadkat’s FMB stake climbs to $1.22 billion amid regional banking growth.
Malawi gains second billionaire as Hitesh Anadkat’s stake in FMB tops $1 billion
Hitesh Anadkat becomes Malawi’s second billionaire as his FMB Capital stake surpasses $1 billion.
Hitesh Anadkat’s FMB Capital stake tops $900 million, making him Malawi’s richest
FMB Capital’s $1.9 billion valuation boosts Hitesh Anadkat’s stake to $900 million, reinforcing his lead as Malawi’s richest individual.
Malawian tycoon Hitesh Anadkat’s stake in FMB Capital tops $700 million again
Hitesh Anadkat’s FMB Capital stake rises to $738.85 million as shares rally 15% in four days, adding $96 million to his fortune.
Malawian banker Hitesh Anadkat makes $73 million from FMB Capital stake
Hitesh Anadkat holds a 45.32-percent stake in the Mauritius-headquartered financial group, equivalent to 1.11 billion shares.
From Boom to Bust: Malawi’s richest man loses $270 million in 3 months
FMB Capital’s stock dips 30%, slashing Hitesh Anadkat’s stake by $274 million. Yet, investors stay confident in the regional banking powerhouse.
Malawi’s richest man sees $89 million decline in FMB Capital stake
The continued slide in the company’s share price on the Malawi Stock Exchange has dragged down his holdings significantly.
Malawi’s richest man loses $183 million from FMB Capital stake
A recent dip in FMB Capital’s share price on the Malawi Stock Exchange has shaved $183 million off Hitesh Anadkat’s investment.
Malawi’s 15 richest people amass a stunning $1.92 billion fortune
Anadkat and Mpinganjira account for $1.66 billion of the total combined wealth of Malawi’s 15 richest individuals.
Hitesh Anadkat on track to become Malawi’s first billionaire as FMB stake nears $1 billion
Anadkat’s rising wealth is closely tied to the performance of FMB Capital, a Mauritius-based investment firm with a strong presence across Africa.
Hitesh Anadkat, one of Malawi's richest, sees FMB Capital stake surpass $410 million
Since the start of 2025, Anadkat’s 45.32 percent stake, which consists of 1,114,195,155 shares, has grown by $54.26 million.
Malawi business tycoon Hitesh Anadkat gains $148.7 million from FMB Capital
This latest surge builds on the strong performance of his stake in 2023, when it increased by MWK178.2 billion ($105.88 million).
Letshego secures $15.8-million loan from Proparco for Botswana expansion
The funding aims to advance Letshego’s mission of delivering inclusive financial solutions across Botswana.
Hitesh Anadkat-backed Letshego to award free shares to employees
This strategic move aims to align employee interests with shareholders and comply with the Banking Institutions Act of 2023.