Rajan Mahtani, the Zambian businessman is now eyeing for a project in the Luapula Province after making an impact in organizations such as Finance Bank Zambia and Portland Cement Zambia. The new project is being nurtured by the Mahtani Group of Companies along with the UK giant, the Sunbird Group.

The initial investment in this project is about USD 90 million, which will be contributed by the parties in their agreed ratio. Additionally, there will also be requirement of local labours during the construction period as well as post construction period. Once the plant is ready to function, a workforce of about 7, 000 workers would be required. The plant’s basic input would be cassava, local crop. To meet the required input about 25, 000 farmers would be required to cultivate cassava and offer the same to the plant from time to time.

The development has also taken care of the pollution criteria. The plant is a bio-plant and hence, the level of pollution generated from the plant would be almost next to negligible. This means that Zambia will now have a new pillar to support its development without compromising with the environment that surrounds it.

On the other hand, the time is also very crucial for development of Zambia as FBZ has already been taken over by BancABC. Previously, Rajan Mahtani was very closely associated with the development of FBZ and has ensured that most of the development projects in Zambia continue to be supported financially. However, the same was subject to vicious conspiracy as conspirators always wanted to take advantage of the situation and mislead the public through publications in the Zambia Reports. Now that the Finance Bank Zambia is no longer linked to Rajan Mahtani, it is being considered that the conspirators will chase this new project in the days to come.