FDH Financial Holdings Limited specialises in diversified financial solutions and investments. This article will explore the organisation’s history, as well as the accomplishments of its founder Dr Thomson Mpinganjira.
On the 2nd July 2015, FDH Financial Holdings Limited acquired a 75% interest in the government-owned Malawi Savings Bank, along with MSB Forex Bureau Limited, a subsidiary company.
A year later, in July 2016, the holdings company finalised the merger of Malawi Savings Bank Limited with FDH Bank Limited. This transaction also resulted in the merger of MSB Forex Bureau Limited with FDH Money Bureau Limited.
Over the years, FDH has garnered a formidable reputation in all of its trading sectors, priding itself on the quality of its services.
FDH Financial Holdings Limited wholly owns three subsidiary companies today.
First Discount House Limited
On the 20th July 2001, the Reserve Bank of Malawi licensed First Discount House Limited as a discount house. Today, it is Malawi’s only discount house. Operational since April 2002, First Discount House has grown to become one of the strongest, most reliable financial services houses in Malawi. The organisation boasts some of the most experienced experts in the financial services industry, enabling it to continually reinvent itself to keep pace with the constantly evolving needs of its clients.
FDH Money Bureau Limited
This leading Malawian money bureau is a trusted source of currencies from more than 50 different countries. Its Bureau de Change offers a variety of services, including:
MoneyGram Money Transfers
Mukuru Money Transfers
Western Union Money Transfers
Hello Paisa Money Transfers
Currency sales and purchases, including USD, EUR, GBP and ZAR.
Exchanging AUD, CAD, PKR, INR, ZMW, BWP, MZM, KES, AED, TZS, and CNY
FDH Bank Limited
This seamless, ‘one stop’ financial services specialist provides a variety of private and corporate banking services, including current accounts, Diaspora accounts, mortgages, executive loan schemes, and digital banking services.
About the Founder
Dr Thomson Mpinganjira is a highly successful financial expert, entrepreneur and investor. He is the first – and so far, the only – private individual to own a bank in Malawi.
Thomson Mpinganjira graduated from the University of Malawi in 1984. A chartered accountant by trade, he accumulated extensive experience while working for the multinational organisation Deloitte & Touch.
Following a brief but extremely successful stint working at the National Bank of Malawi as Head of Operational Risk and Security, Thomson Mpinganjira established himself as the first stockbroker of Malawi, heading up Stockbrokers Malawi Limited. He set up the country’s Stock Exchange, serving as CEO until 2002 when he left to establish First Discount House.
Dr Thomson Mpinganjira is the Founder of FDH Financial Holdings Limited, an organisation that went from just nine employees to employing a workforce of more than 1,075 people today. He has a well-earned reputation for championing the welfare of his workers, providing employees, their spouses and up to two children with comprehensive health insurance covering the cost of all healthcare needs.
Outside of his own enterprises, Thomson Mpinganjira has chaired several boards, including the Malawi Investment Promotion Agency and the Malawi Revenue Authority. He was appointed commissioner of the Malawian Public Sector Reform Commission in 2014, providing Vice-President Saulos Chilima with independent, unbiased policy guidance on the reforms required to reinvigorate Malawi’s public sector.