Three billionaires emerge on Malawi Stock Exchange in 2025
Three billionaires emerged on the Malawi Stock Exchange in 2025 after banking stocks surged and long-held stakes crossed the billion-dollar mark.
Malawi Stock Exchange
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.
5 richest bankers on the Malawi Stock Exchange
These trailblazers lead key banking institutions including FMB Capital Holdings, FDH Bank Plc, NICO Holdings, and the National Bank of Malawi.
10 richest people on the Malawi Stock Exchange
Prominent figures benefiting significantly from the recent bullish trend on the Malawi Stock Exchange include Hitesh Anadkat and Thom Mpinganjira.
Hitesh Anadkat, one of Malawi’s richest men, rakes in $170 million from FMB Capital stake
Anadkat holds an impressive 35.51-percent stake in FMB Capital, or 872,924,575 ordinary shares.
Hitesh Anadkat, one of Malawi’s richest men, amasses $91.8 million in 2023 from FMB Capital stake
Since the start of this year, Anadkat has amassed over $90 million through his shares in FMB Capital.
Malawian tycoon Hitesh Anadkat loses more than $38 million in 110 days from stake in FMB Capital
Anadkat owns 35.51 percent of the Port Louis-based firm.
Malawian banking mogul Hitesh Anadkat gains $40 million from stake in FMB Capital
Anadkat owns 35.51 percent of the Port Louis-based firm.