Finance Bank Zambia ready for the Lusaka Stock Exchange

January 3, 2015

The Finance of Zambia is all set to start a new phase of business and this time its business area is not banking, but stock trading. Recently converted in a public limited company, this organization is now set to start its first ever stock trading operations on the Lusaka Stock Exchange. The Chairperson of FBZ, Dr. Rajan Mahtani is handling all the arrangements with precision so as to ensure that all the compliances under Securities Exchange Commission (SEC) are duly met. Here is one of his speech in such regard:

Dr. Mahtani looks determined as ever with his plan to enhance the productivity of his bank. Recently, his bank has also started re-operating in Malawi, a neighbouring country of Zambia. With so much in anticipation, Zambia looks ready to welcome a positive change in their economy very soon.

Dr. Rajan Mahtani confident of FBZ

January 2, 2015 Leave a reply

The Finance Bank of Zambia has gone from strength to strength in the past 20 years. It has not only managed to attain the position of a perennial source of finance in Zambia, but has also offered numerous employment opportunities to the locals. The most recent development for FBZ has come in the form of its enlistment on the Lusaka Stock Exchange (LuSE). As per confirmed reports, FBZ will start its share trading operations by the April 2015.

The Finance Bank of Zambia was earlier a private company. In September 2014, the same was converted into a public limited company whereby it became eligible to trade on the stock exchange. The motive behind this step is to float 25% of the shares of FBZ in the market with an intent to raise USD $250 million. The pioneer of this development, Dr. Rajan Mahtani, has worked very hard to bring a radical change in the banking sector of Zambia.

In a press conference arranged in November 2014, Dr. Mahtani hinted that his bank was looking for a dual listing mechanism whereby FBZ would be entitled to operate simultaneously on the Alternative Investment Market of the London Stock Exchange. The journey of FBZ has been full of ups and downs. It has not seen an appreciation in its value, but has also encountered various allegations in its name which included defamation on account of money laundering and illegal operation. However, it has never demotivated Dr. Rajan Mahtani to hinder his dedication.

Dr. Rajan Mahtani celebrates New Year 2015

January 1, 2015

The New Year 2015 has arrived in style, bringing in lots of developmental events for the Zambian nation. Looking back at 2014, it is evident that Zambia was able to survive various roadblocks and come victorious. It has also been termed as the fastest growing nation across Africa. One of the key contributors in the Zambian development is Dr. Rajan Mahtani, an integral part of Finsbury Investments, owner of the Zambezi Portland Cement Factory.

A well-known personality and a respect businessman, Dr. Rajan Mahtani is known for his charitable works for the well-being of the poor and less deserved sections of the society. Below here is a warm message sent by Dr. Mahtani on this New Year occasion:

***UPDATE***

On June 02 2015, Dr. Rajan Mahtani was arrested through a conspiracy where involvement of the minority shareholders of the ZPC and some government officials is being doubted. However, on June 25 2015, the Lusaka High Court gave Dr. Mahtani the permission to go for a judicial review. The arrest was made on account of an old case which took place in 2012 and it was being claimed by the minority shareholders that Dr. Mahtani had forged signatures to have the ownership of the ZPC transferred to Finsbury Investments.