Malawi Stock Exchange sees leading investors’ fortunes rise significantly, driven by a decade-long bullish trend in shares, bonds, and unit trusts.
Malawi Stock Exchange
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Thom Mpinganjira’s FDH Bank stake has surged by $32.41 million since July 1, boosting his wealth significantly.
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These trailblazers lead key banking institutions including FMB Capital Holdings, FDH Bank Plc, NICO Holdings, and the National Bank of Malawi.
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Prominent figures benefiting significantly from the recent bullish trend on the Malawi Stock Exchange include Hitesh Anadkat and Thom Mpinganjira.
- Southern Africa
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.
- Southern Africa
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.
- Hot News
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.
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Anadkat owns 35.51 percent of the Port Louis-based firm.