Mpinganjira to open Thomson and Barbara Mpinganjira Foundation for helping needy causes

Business mogul Thom Mpinganjira, who  recently retired as  chief executive officer of FDH Financial Holdings Limited,  has announced plans to set up the Thomson and Barbara Foundation to help his vision of doing charity and assisting young entrepreneurs.

Mpinganjira (L) gets a farewell gift

Mpinganjira established  one of Malawi’s fastest growing business empire –  FDH Bank, Discount House, FDH Money Bureau and FDH Financial Advisory Services, said the foundation will purely be philanthropy and also promote innovative ideas among the youth by providing start-up capital.

“We will be helping needy causes in areas such as health and education,” said  Mpinganjira  on Tuesday during his farewell event that FDH Bank plc organised in Blantyre.

Mpinganjira, a Chartered Accountant and Fellow of the Association of Chartered Certified Accountants (FCCA),  added: “ We also want to nurture talent. You might be aware that many young people want to start businesses but they can’t access funding.”

He said the foundation, which may start with between K250 million and K300 million, will have a board responsible for assessing projects.

Mpinganjira worked for different companies including Deloitte, Blantyre Print, Mandala and National Bank of Malawi (NBM) plc before setting uphis own business empire.

He was the first Malawian Stockbroker and was Chief Executive Officer of Stockbrokers Malawi Limited from 1997 to 2000.

Dr Thom Mpinganjira:  We will be helping needy causes in areas such as health and education

He conceived First Discount House in 1999 while in full time employment at the Stockbrokers Malawi and Malawi Stock Exchange .

“History will remember me for leaving something that is solid. At the point of entry, we were bank number 12 but now we are bank number three in terms of market share,” Mpinganjira said.

He has handed over the mantle of  leadership at his financial services organisation FDH to his son William Mpinganjira., saying he is “more than confident” in his capabilities .

Offering lessons of establishing a business empire, Mpinganjira said: “Put God first-The Bible: The Best Success Manual. All wealth comes from God, whether people accept this reality or not. God gives us the power and means to create and the opportunity to manage it for Him. He requires a spiritual return on investment (SROI).”

In his remarks, William Mpinganjira said the financial services group still has much work to do in terms of consolidating some of the progress made thus far while eyeing regional markets in the near future.

Follow and Subscribe Nyasa TV :

Sharing is caring!

0 0 vote
Article Rating
10 Comments
newest
oldest most voted
Inline Feedbacks
View all comments
third eye
third eye
1 month ago

hmmmm…..Foundation huh? Also known as money swindling foundation. This guy is a fancy crook. Period.

Masharubu
Masharubu
1 month ago

The Thom and Barbara Foundation should also fund the introduction of a university course teaching students about the evils of corruption.

Moqtada Al Sadir
1 month ago

History will also remember you for trying to bribe the judges to keep your DPP illegally in power.

Ungwelu
Ungwelu
1 month ago

Bwana, remember. Part of the money is from Malawi Savings Bank. All the best in your future undertakings

Nyong'omele
Nyong'omele
1 month ago

I like this guy business wise i still look up to him. Koma nthawi yachisankho anapanga zopusa

CESSPOOL
CESSPOOL
1 month ago

Nanunso kugwetsa dzina lanu mumatope listening to your voice one simply associates you with Angel Gabriel. Koma ka sidedish during the push for fresh presidential election. Otherwise you’re an all-round gentleman. Let your network spread to all parts of Malawi don’t Lhomwelise the activities

Isaac Mbewe
Isaac Mbewe
1 month ago

Komabe za bribing ma judge zija zinakuchotsani ma weight. We know kuti its because you bought MSB fraudently. The bank had more assets than what you paid. Anyway zabwino zonse uku tikudikira zaku court.

Money first
Money first
1 month ago

Congratulations Thom, you have handed over to your son whilst still strong and am sure you will be around to guide the son and show him the ropes. That way your son will not squander your wealth like we see most Malawian families waste the kids once the father is dead.

wakalekale
1 month ago
Reply to  Money first

the handover has been fast forwarded due to the pending trial so nothing worthy congratulations unless you are a sympathizer of Thom like me.
Amandimvetsa chisoni Thom, chifukwa anayamba bwino without political connections but was misled by the selfish brother, the wife snatcher, yes you know him if not ask mr Rosa.

Ngombwax
Ngombwax
1 month ago
Reply to  wakalekale

Are you talking about Che Brown? I didn’t know they were brothers. Thom had some very bright ideas. But there were also tell-tale signs that not all that glittered was gold. The way he acquired the MSB was shady. And the DPP regime made sure our taxes sorted out the toxic Muli loans. Those were illegal favours by any standard, and they never stopped at that. The govt accounts were moved from the other commercial banks to FDH. Any enterprising fellow who gets to be so favoured by a highly corrupt regime would be a billionaire in no time, I… Read more »

shares
Read previous post:
Tanzanian businessman killed in Chitipa: Police launch manhunt

Malawi Police Service in Chitipa are looking for suspected criminals who in the wee hours of Tuesday killed a Tanzanian...

Close