Hitesh Anadkat, one of Malawi's richest man, has seen the market value of his stake in FMB Capital Holdings rebound to $200 million, thanks to a recent rise in the market value of his holdings in the Mauritius-based investment firm.
According to data tracked by Billionaires.Africa , Anadkat's stake in FMB Capital has increased by MWK19.33 billion ($11.15 million) over the past twelve days, driven by a surge in the group's shares on the Malawi Stock Exchange (MSE).
This boost follows a previous decline of $12.21 million in his stake between April 29 and May 10, when it dropped from $202.85 million to $190.61 million.
FMB Capital's market soars above $565 millionFMB Capital Holdings , headquartered in Port Louis, Mauritius, operates across several African nations, including Botswana, Malawi, Mozambique, Zambia, and Zimbabwe. The company recently approved a final dividend payout of $10.63 million , bringing the total dividend for FY2023 to $15.79 million, a 32 percent year-on-year increase.
