FDH Bank projects $36.2 million profit in Q4 2024, resilient amid Malawi’s economic slowdown
Malawi’s economic slowdown hasn’t deterred FDH Bank, whose strategic focus and cost management continue to deliver robust profitability and growth.
Malawi’s economic slowdown hasn’t deterred FDH Bank, whose strategic focus and cost management continue to deliver robust profitability and growth.
The record dividend payout underscores its unwavering dedication to shareholder value and its position as one of the leading groups in Malawi’s financial services industry.
Mpinganjira, the founder of the FDH Bank Plc, owns a 40.7-percent indirect stake in the Blantyre-based lender.
Mpinganjira, founder of the FDH Bank, owns a 40.7-percent indirect stake in the Blantyre-based lender.
Mpinganjira shared the personal motivation behind this ambitious healthcare initiative.
Mpinganjira’s stake in the bank solidifies his position as one of the wealthiest individuals in Malawi and across Southern Africa.
Mpinganjira was sentenced to nine years in jail last year for attempting to bribe judges overseeing the 2019 presidential election.