I’m not DPP—FDH boss


By Chimwemwe Mangazi:

FDH Holdings Group Chief Executive Officer, Thom Mpinganjira, has appealed to social media gossipers that are linking FDH Bank to politics to stop doing so, claiming they are putting his life and that of his family members in danger.

Addressing the media at the group’s head office in Blantyre, Mpinganjira trashed rumours that he would become Democratic Progressive Party (DPP) presidential candidate in the 2024 Tripartite Elections.


He also distanced his bank from assertions that it funds DPP.

“A lot of people, including those in the opposition, come to me asking me to join politics. Let me be clear: I will not be the one to clean Malawi for people, I will stick to running business for my family and my 800 employees. There are a lot of people in politics; that is their calling and not mine. As you can see, politics is a dirty game and they are putting my life at risk. Please stop talking about this— mutipweteketsa [you will put our lives at risk],” Mpinganjira said.

He dismissed talk that the bank enjoyed business contracts from the government, stressing that it was the least among the top five banks that receive business from Capital Hill.


Mpinganjira said the bank had been around before DPP was established and it did not make sense for the bank to align itself with a party.

“I am friends with the leaders of all these political parties. If need be, I speak to [Saulos] Chilima [UTM leader], [Lazarus] Chakwera [Malawi Congress Party president] or the former president Dr Joyce Banda because I am Malawian. When they ask me to help in development, I accept. I have chaired various boards in various regimes and, currently, I am chairing Escom [Electricity Supply Corporation of Malawi] board as a well-meaning Malawian,” Mpinganjira said.

He hinted on retiring soon to focus on establishing a charity organisation and not joining politics.

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