Category Archives: Dr. Rajan Mahtani and the Finance Bank

Malawi welcomes its first Finance bank in the city

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The year 2014 has seen many ups and downs for Dr. Rajan Mahtani. However Mr. Mahtani, who is the present chairman of the Zambia Finance Bank, made two important announcements via a notable press conference. In the first major announcement, it was revealed that FBZ has been transformed from a private to public limited organisation. The second major announcement was the launch of FBZ in Malawi.

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The target date for the launch of FBZ’s operations in Malawi has been set to be 15th December 2014. Also, Malawi’s capital city Lilongwe has been chosen as the first base. This huge development has been made successful as a result of the long-enduring discussion between Malawi government and Rajan Mahtani taking over a span of several months. As the new operations are finalized, the major objective will be to ensure a smooth process as well as successful growth over the years. FBZ has successfully gained the repute of an apex bank concentrating on educational programs and providing financial help for other developmental programs. Zambezi Portland Cement factory’s success can also be credited to the Finance bank’s contribution and hence it can be rightly said that Finance Bank of Zambia has been serving a continuing financial source for majority of developmental projects across Zambia.

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While Malawi is not going to be a cake walk for Rajan Mahtani new and bold initiative, Mahtani has happily taken up the challenge and is also ready to abide by each and every law of the nation. FBZ’s test for vitality and dynamism will unfold with this new chapter of development and expansion plan.

Rajan Mahtani vows to complete Sata’s dream

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In a conference held in late November 2014, Finance Bank Chairman, Rajan Mahtani mourned for Michael Sata as his loss for Zambia was priceless. Sata was not only a man of high principles, but also a visionary who had seen Zambia as a developing nation in years to come. However, with the sad demise of Sata, the whole mission was left in half way. Rajan Mahtani, a believer of Sata’s dream and his close friend took the initiative of continuing with his project and give it a shape.

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As per the statement of the Finance Bank Zambia Chairman, Rajan Mahtani, his bank is soon going to begin share trade on the Lusaka Stock Exchange. The company has already been listed and is likely to start its operation of share trade from the first quarter of 2015. In the meantime, the long negotiation with Malawi Government has finally been settled and Finance Bank of Zambia will start its operations in Lilongwe, the capital city of Malawi from December 15, 2014. With the spree of developments in Zambia, it looks evident that Rajan Mahtani is all set to fulfil Sata’s dream by strengthening the economy and promoting healthy developmental plans for Zambia and nearby nations.

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In his speech, Rajan Lekhraj Mahtani also mentioned his interest to get his bank listed on the London Stock Exchange’s Alternative Investment Market (AIM) whereby his bank would enjoy the benefits of dual listing. The Finance Bank of Zambia will float 25% of its shares with a view to raise US $250 million and has converted in to a public limited company.

Can Rajan Mahtani make Sata’s dream come true?

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With almost a month passing by after the death of former President of Zambia, Michael Sata, Zambia is facing a political chaos where every party is eying for the President’s seat. In the midst of such havoc, Portland Cement Factory Zambia owner, Rajan Mahtani is facing some serious blames from the end of the conspirators. The question that lies ahead is that ‘Can Rajan Mahtani make Sata’s dream come true?’

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Rajan Mahtani is one of the eminent personalities in Zambia, who has dedicated his career towards the development of this nation through education programs, housing projects and employment opportunities for the locals. However, with time a group of people is continuously looking forward to defame him and write absurd in his name. Zambia Reports has been one active contributor as it continuously published articles which are based on false statements and vague sources.

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According to the conference held by Mahtani in late November, he pledged to continue the mission which Sata undertook. Being a man of high principles, Dr. Rajan Mahtani has made numerous efforts since to uplift the situation in Zambia and create a positive environment that guides the locals towards working hard and develop their standard of living. But, with corruption among political parties and shameful acts of the conspirators, it has become immensely difficult for Rajan Mahtani to lead the road to success.

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A positive outcome in recent days has come in form of Finance Bank Zambia’s enlistment on the Lusaka Stock Exchange. Additionally, Mahtani is also eying the London Stock Exchange for dual listing. This gives the people of Zambia a hope that in spite of all the odds Mahtani will fight for justice and make Sata’s dream come true. He calls all the people of Zambia to stand united and work with a passion to make Zambia as one of the fastest developing nation in Africa.

Welcoming FBZ in Malawi

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Finance Bank Zambia is all set to open its first branch in the capital city of Malawi, Lilongwe. The news came from the Finance Bank Zambia Chairman, Rajan Mahtani who previously confirmed that Finance Bank of Zambia was successfully listed on the Lusaka Stock Exchange. The operation of Finance Bank is likely to begin from December 15, 2014, in Lilongwe, Malawi.

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The news came shortly after Mahtani mourned the loss of former President of Zambia, Michael Sata. The Finance Bank of Zambia can be considered as the apex bank that funds most of the development projects in Zambia. Over the years, this bank has been the key towards bringing about positive results through development of Portland Cement Factory Zambia, Ndola Housing Project and other educational programs. As per the confirmation given by Rajan Mahtani, the Finance Bank will operate in Malawi from 15th December is will begin its objective of bring about a positive development results.

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The FBZ is also expected to get enlisted in the London Stock Exchange’s Alternative Investment Market (AIM), however, there is no confirmation on such till the present date. The first quarter of 2015 will hold immense value for Mahtani Group of Companies as it will be a test for them in Malawi and the Lusaka Stock Exchange. On one hand where Malawi will witness the arrival of a new bank, on the other hand, The Lusaka Stock Exchange will see FBZ trading with 25% of its shares. The estimated target for the shares is to raise USD $250 million. It will also be interesting to find how the group of conspirators will react to this news as they don’t have any visible area to exploit and exaggerate.