Malawi has welcomed its second billionaire in less than a month, as Indian-Malawian entrepreneur and financier Hitesh Anadkat s stake in FMB Capital Holdings crossed the 1 billion mark.
This comes just two weeks after businessman Thom Mpinganjira became Malawis first billionaire , highlighting a notable moment for the countrys business sector. Anadkat, who has long guided the financial services group he founded, saw the market value of his holdings rise sharply, reflecting both his influence and FMB Capitals strong performance.
Hitesh Anadkats FMB Capital stake tops 1 billion