Thom Mpinganjira retires from FDH Group: ‘I consider my work done here, it’s time to move on’

Business mogul Dr. Thomson Frank Mpinganjira has retired from FDH Financial Holdings Limited, 21 years after he started the process of setting up the first ever home grown indigenous Malawian privately owned bank.

Dr Thom Mpinganjira: It’s time to move on

Announcing the retirement, FDH Financial Holdings Limited Board Chairman Noel Mkulichi said Mpinganjira retired with effect from 1st September 2020.

Thom Mpinganjira commenced the process of setting up the First Discount House in December 1999 and opened doors in April, 2002 and was its first Managing Director till 2007 when he started the process of setting up FDH Bank, whose banking license was obtained on 27 November 2007, and he became its first Managing Director for one year.

FDH Financial Holdings Ltd was established in November 2007 as part of the group restructuring to replace the First Discount House as the holding company. FDH Financial Holdings Limited currently has FDH Bank plc, FDH Money Bureau Limited, First Discount House Limited, FDH Advisory Services and MSB Properties Limited as its subsidiaries.

“Dr. Mpinganjira’s retirement follows the fulfillment of his ambition and vision in December 1999 when the First Discount House was conceived,” said Mkulichi in the statement.

Soon after the successful listing of FDH Bank on the Malawi Stock Exchange (MSE) recently, Dr Mpinganjira hinted on his retirement.

“Following the successful listing of FDH Bank Plc, the flagship subsidiary of FDH Financial Holdings Limited, I consider my work done here and it is time to move on,” Dr Mpinganjira was quoted as saying.

FDH Bank plc becomes the first ever indigenous Malawian privately founded business to be publicly listed.

“Dr. Mpinganjira’s vision was to leave a legacy that will outlive him and generations to come setting the pace for Malawians; a vision that has been realized through the growth of FDH Financial Holdings Limited and its subsidiaries, which provide jobs for more than 800 employees in the country,” said Mkulichi.

Mpinganjira is a well-known philanthropist and has been locally and internationally recognized in his personal capacity and as founder and leader of FDH Financial Holdings Limited.

He has been recognized as one of the world’s leading and successful professionals and was listed in the MADISONS WHO’s WHO of Professionals and in the Sterling Who’s Who for Excellent Performance and Achievement and won the Capital Finance International (CFI) Outstanding Corporate Leader Africa Award in 2015 and the Malawi Broadcasting Corporation first Innovations Awards as Large Scale Entrepreneur of the Year in 2016.

Recently the All Africa Business Leaders Awards (AABLA) shortlisted him in the Business Leader of the Year and Entrepreneur of the Year categories for Southern Africa.

Most Malawians remember Mpinganjira for his extraordinary compassion and sense of assisting those less fortunate than himself especially when he took a personal commitment to build a house full with solar lighting for a Dowa woman after her both hands were chopped off by a violent husband and support her livelihood. He has inspired the present day popular FDH Cares corporate social responsibility program that focusses on health, education and sports development.

“Being a philanthropist, Dr. Mpinganjira will proceed to manage the Thomson and Barbara Mpinganjira Foundation and other family businesses while FDH Financial Holdings Limited will continue its Corporate Social Responsibility works inspired by him.”

Mkulichi said the Board of Directors and Management wish to express their appreciation to Dr. Mpinganjira “for the vision and the hard work that led to the growth of the entity and wish him all the best is his future endeavour.”

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Che Juma
Che Juma
9 months ago

Anatola MSB chifukwa cha Umulakho….no wonder amafuna kudyetsa ma banzi ma judge.

Mafikizolo
Mafikizolo
9 months ago

Mpinganjira says, “its time to move on”. Move on to where? Chichiri prison?

guest
guest
9 months ago

Well done Thom, true Malawian hero for your genius, perseverance and success. Lots of jealous minds out there and many who will want to diminish your achievements.What have they done or achieved? Enjoy your retirement. You have put Malawi on the map and shown that we can also create, not simply follow others with original ideas. May many more young Malawians get inspired by your achievements.

Nimrod
Nimrod
9 months ago
Reply to  guest

Guest, this man wanted to betray and steal the electoral will and aspirations of millions of Malawians by corrupting the five ConCourt judges. In my book that’s not a hero. And I have no respect for him.

guest
guest
9 months ago
Reply to  Nimrod

I think people were using money, i cant imagine this being his own initiative. But I respect your views

Moya
Moya
9 months ago

You strategy to retire inorder to avoid contaminating FDH with your corruption will not work, the long arm of the law will still come after FDH, dirty money is all over FDH it needs cleansing.

Mogasa
Mogasa
9 months ago
Reply to  Moya

Achitsiru inu. Uzafa wosauka galu. Keep wasting your time with Nyasatimes comments

Mafikizolo
Mafikizolo
9 months ago
Reply to  Mogasa

Mogasa, what are you, yourself doing commenting on nyasatimes? Chitsiru ndi iweyo, supporting a disgraced CROOK.

jogoda
jogoda
9 months ago
Reply to  Mafikizolo

tiyeni tizikasaka matemba oti tidyele. zisiyeni izi

Chathengo
Chathengo
9 months ago

The consequences of sin. U have been forced to retire due to circumstances around u. It’s better kungopanga chokomela Mulungu.

CESSPOOL
CESSPOOL
9 months ago

Komabe zikhala bwino paulendo waku bwalo lamilandu paja tu ziphuphu amati vimbundi the odour is following him into the retirement guilty or not kafungo kali peeee

Masharubu
Masharubu
9 months ago

Is the story complete? Why delete the paragraph that should have read: “Mpinganjira is also currently answering corruption charges in the High Court of Malawi after the graft busting body, ACB, arrested him on suspicion of having attempted to bribe five Judges of Malawi’s ConCourt in an attempt to induce the Judges to decide in favour of Mpinganjira’s preferred candidate and fellow tribesman in a presidential election dispute case”.
Let us accept the fact that the corruption case will remain an indellible part of Mpinganjira’s biography whether someone likes it or not.

Sillica Gell
Sillica Gell
9 months ago
Reply to  Masharubu

itsyour problem and not the writer’s.

Mukuonari
Mukuonari
9 months ago
Reply to  Masharubu

100% TRUE

maganizo kaloza
9 months ago

congratulations my schoolmate

Noxy
9 months ago

Big Man

msundwe
msundwe
9 months ago

Dpp yatenga mtsamiro

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