The news of BancABC’s plan to takeover the Finance Bank Zambia has spread like a wild fire.  People in Africa and around the world are well informed about this takeover and it is expected that this transaction will aid Zambia’s development.

The current value of FBZ’s asset is somewhere close to US $ 261 million. The same valuation will now add up to the existing asset valuation of BancABC and will reflect a consolidated figure of US $ 418 million. The development will make BancABC as the largest bank in Zambia. The news of the takeover was first given by Atlas Mara, who is a stakeholder in BancABC. Shortly after the news had circulated, Dr. Rajan Mahtani too confirmed about the same.

An employee of FBZ comments, “It is a pleasure for us to be a part of the sixth largest bank of Zambia. Moreover, with this takeover, we will now be working for Zambia’s largest bank. Dr. Rajan Mahtani had offered us a job previously, now he has offered us a better opportunity. We are thankful to him.”

The conspirators did try to interrupt this auspicious occasion, but the same was dismissed by the authorities and BancABC. At the present, the world will witness one of the biggest takeovers in history of Zambia. The locals as well as international figures are well aware of the benefits which will arise out of this transaction. Facilities like more ATMs, more branches, greater employment opportunities and better banking facilities are few of the immediate benefits that will arise with the takeover. Nevertheless, the locals should not forget that soon there will be a lot of malign articles coming from Zambia Reports as the conspirators would be desperate to make their presence felt through imaginative stories and absurd claims.

Dr. Rajan Mahtani has given Zambia one more reason to smile.