Thom Mpinganjira: Malawi's First Billionaire as Africa's Wealth Gap Widens | Firstpost Africa | N18G

Описание: Malawi is on the verge of a new milestone with banker Thom Mpinganjira emerging as the country’s first dollar billionaire. His fortune is tied to FDH Bank, where he controls a 40% stake through his firm M Development Limited. In 2024, the bank’s share price on the Malawi Stock Exchange skyrocketed by 365%, fuelling his wealth. Now, FDH Bank is expanding beyond Malawi with a planned 99.9% takeover of Ecobank Mozambique, marking a bold regional push. Mpinganjira’s rise comes as Africa sees a billionaire boom, joining names like Aliko Dangote and Patrice Motsepe. But the milestone also highlights Malawi’s deep economic divide, where over 70% of people live below the poverty line, and the billionaire gap has never been starker.

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Thom Mpinganjira | Malawi | Billionaire | Firstpost Africa | Alyson Le Grange | Africa | Global South | Geopolitics | Military Coup | Environment | Climate Change | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News

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