Kenyan businessman Rasik Kantaria has added nearly 900 million to his fortune this year as shares of FMB Capital Holdings PLC rose sharply on the Malawi Stock Exchange. Kantaria, co-founder of the Mauritius-based banking group, is one of the largest individual beneficiaries of the rally, marking one of the most notable single-year gains in Southern Africas banking sector.
According to data tracked by Billionaires.Africa , Kantarias stake in FMB Capital has soared by nearly 900 million this yearMWK1.48 trillion 857 millionthus propelling the market value of his shares to MWK1.78 trillion 1.02 billion at the time of writing. The increase comes as the lender posts solid financial results amid challenging regional market conditions.
Rasik Kantarias stake tops 1 billion
