Malawian banker Noel Mkulichi leads FDH Bank to $1.25 billion valuation
With over two decades of experience in financial regulation and banking, Mkulichi has shaped Malawi’s financial sector.
Malawian banker
Meet Noel Mkulichi: Malawian banker behind billion-dollar lender, FDH Bank
Mkulichi’s leadership isn’t just about financial performance—he is deeply committed to financial inclusion, gender equality, and youth empowerment.
Malawian tycoon Hitesh Anadkat’s stake in FMB Capital falls below $200 million
This adds to a $6-million decrease in the value of his holding between Feb. 1 and March 9.
One of Malawi’s richest men, Thom Mpinganjira loses $8 million in 32 days
Mpinganjira, the founder of the FDH Bank Plc, owns a 40.7-percent indirect stake in the Blantyre-based lender.
One of Malawi’s richest men, Hitesh Anadkat, gains $20 million from FMB Capital
The $20.76-million surge has solidified Anadkat’s position as one of the wealthiest investors on the Malawi Stock Exchange.
Hitesh Anadkat, one of Malawi’s richest men, loses $22.65 million in 21 days
Anadkat presently owns an impressive 35.51-percent stake in FMB Capital, which translates to 872,924,575 ordinary shares.
Hitesh Anadkat, one of Malawi’s richest men, loses $64 million in two days
Anadkat presently holds an impressive 35.51-percent stake in FMB Capital, which translates to 872,924,575 ordinary shares.
Hitesh Anadkat, one of Malawi’s richest businessmen, amasses $73-million fortune in one year through FMB Capital stake
Anadkat’s stake in FMB Capital has risen significantly, firmly establishing him as one of Malawi’s richest men.