Malawian billionaire Hitesh Anadkat’s FMB stake tops $2 billion

Billionaires Africa | 13.11.2025 04:00
Malawian billionaire Hitesh Anadkat has reinforced his standing as the country’s richest individual, as the value of his stake in FMB Capital Holdings surged past $2 billion. The sharp rise follows a strong rally in the financial group’s shares on the Malawi Stock Exchange, fueled by renewed investor confidence and the bank’s expanding footprint across Southern Africa.