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.
Malawian billionaire
How Thom Mpinganjira built Malawi’s largest bank, became its first billionaire, and conquered the world
In an exclusive chat with Billionaires.Africa, Thom Mpinganjira shares how he rose from humble beginnings to become Malawi’s first billionaire
Malawian billionaire Thom Mpinganjira’s FDH Bank stake drops $113 million
Malawian billionaire Thom Mpinganjira’s FDH Bank stake loses $113 million as shares slide 10 percent on Malawi Stock Exchange.
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.
Malawian billionaire Thom Mpinganjira's FDH Bank posts $34 million profit in H1 2025
FDH Bank’s profit nearly doubles to $35 million on higher interest income and loan growth in the first half of 2025.
Malawian billionaire Thom Mpinganjira's FDH Bank buys Ecobank Mozambique for $19.2 million
FDH Bank acquires 98.8% of Ecobank Mozambique for $19.2 million, boosting regional footprint and cutting dividend to fund Southern Africa growth.
Thom Mpinganjira becomes Malawi’s first dollar billionaire
Malawian banker Thom Mpinganjira’s FDH Bank shares reach $1.12 billion, making him the country’s first billionaire and richest citizen.
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.