
Noel Mkulichi: 7 career-defining milestones of the Malawian banker
Noel Mkulichi transformed FDH Bank, boosting its market cap to $1.26 billion while advancing fintech, expanding financial inclusion, and reshaping Malawi’s banking sector.
Noel Mkulichi transformed FDH Bank, boosting its market cap to $1.26 billion while advancing fintech, expanding financial inclusion, and reshaping Malawi’s banking sector.
With over two decades of experience in financial regulation and banking, Mkulichi has shaped Malawi’s financial sector.
Mkulichi’s leadership isn’t just about financial performance—he is deeply committed to financial inclusion, gender equality, and youth empowerment.
This adds to a $6-million decrease in the value of his holding between Feb. 1 and March 9.
Mpinganjira, the founder of the FDH Bank Plc, owns a 40.7-percent indirect stake in the Blantyre-based lender.
The $20.76-million surge has solidified Anadkat’s position as one of the wealthiest investors on the Malawi Stock Exchange.
Anadkat presently owns an impressive 35.51-percent stake in FMB Capital, which translates to 872,924,575 ordinary shares.
Anadkat presently holds an impressive 35.51-percent stake in FMB Capital, which translates to 872,924,575 ordinary shares.
Anadkat’s stake in FMB Capital has risen significantly, firmly establishing him as one of Malawi’s richest men.