Malawian billionaire Hitesh Anadkat has gained 250 million in just two weeks as shares of FMB Capital Holdings continue their impressive run on the Malawi Stock Exchange. The rally has lifted the value of his stake in the regional financial group to about 1.4 billion, signaling renewed investor confidence in one of Southern Africas fastest-growing banking institutions.
Anadkat, who founded FMB Capital in 1995, owns about 45.32 percent of the group1.11 billion shares. His holdings have climbed from MWK2.12 trillion 1.22 billion to MWK2.56 trillion 1.48 billion in recent weeks. This follows an earlier jump of around 160 million between late August and mid-September, marking a steady rise in his overall fortune.
From Blantyre roots to billion-dollar banking force