Dr. Mahtani and Finance Bank News | Mahtani Group of Companies

Zambian Eye seeks forgiveness from Dr. Rajan Mahtani and FBZ- 2015

The Lusaka Stock Exchange will soon welcome the Finance Bank of Zambia. The listing process is almost on the verge of completion and everything looks set for the Dr. Rajan Mahtani. However, in the midst of such auspicious events, a rumor was published by Zambian Eye and Zambia Reports which stated that the listing process of FBZ has now been withdrawn.

However, on realizing the fact that the article is untrue, Zambian Eye had immediately removed the content and replaced it with an apology to FBZ and Dr. Mahtani. The shocking fact related to this incident is that the other news portal, namely, Zambia Reports has not placed any apology nor has it removed the fake article. It appears that the news portal is confident of its claim and continues to be the source of defamation for Dr. Rajan Mahtani. A screenshot of the apology placed by Zambian Eye is given below:

From the perspective of a common man, we do appreciate this effort by Zambian Eye and hope that it doesn’t create fake stories to promote itself in future.

Finance Bank Zambia will be soon listed on LuSE, Zambia Reports lies- 2015

A confirmation from well placed sources suggested that the Finance Bank of Zambia has not withdrawn its listing process. The process is still continuing with the Lusaka Stock Exchange and very soon investors will have the opportunity to invest with FBZ PLC. People who were mislead by Zambia Reports are hereby assured that none of the claims under the malicious article framed by the editors of Zambia Reports are true and were only meant to create a chaos in Zambia.

As per the prevailing conditions in Zambia, a group of conspirators is continuously monitoring each and every action of Dr. Rajan Mahtani and are framing false stories with the intent to grab public attention and defame him. It is not the first time when this shameful event has taken place. Over the years, there have been numerous incidents where the locals were given wrong information and it resulted in a havoc in Zambia.

As of now, one can only afford to wait for the time when some legal actions are taken by Dr. Mahtani against this defamation. Will the conspirators learn from their mistake or will they perish is the question left to be answered. As days go by, the level of conspiracy is reaching new heights.

Remembering Michael Sata through words of Dr. Rajan Mahtani- 2015

It has been a hard six months for Dr. Rajan Mahtani after the demise of the 5^th president of Zambia, Michael Sata. In these months, Dr. Rajan Mahtani has been the lone soldier who has carried the burden of Zambia’s development on his own shoulders and looked forward to accomplish the dreams of Late Michael Sata. Let’s take some time out and remember the guy who has made Zambia a better place to live in.

Zambia smiles with Dr. Rajan Mahtani- 2015

Dr. Rajan Mahtani, the Finance Bank Zambia Chairman is an ambitious man who has dedicated his career towards the development of Zambia and other African countries. In a career that runs beyond 30 years, Dr. Mahtani has worked with a dedicated heart and has produced fruitful results through the Finance Bank of Zambia and Zambezi Portland Cement Factory.

In 2014, a major milestone was achieved by the Finance Bank of Zambia when the bank had re-opened its branch in the city of Lilongwe, the capital of Malawi. FBZ was amongst one of those few branches which had achieved an international status for Zambia. On the other hand, the Zambezi Portland Cement Factory has produced a prolific result for the year 2014 as it has successfully produced an excess of 100, 000 tonnes of cement for purpose of meeting the needs of the Ndola Housing project.

These two back to back achievement of Dr. Mahtani has made him an inspirational figure in Zambia. Apart from making these two key contributions, there are numerous other educational programs as well as employment opportunities which are offered by Mahtani group of Companies to the locals for their development. To sum up, one can regard that with the flourish of developments in Zambia, Zambia is smiling and the credit for the smile goes to Dr. Rajan Mahtani.

Zambezi Portland Cement Factory gets a helping hand- 2015

The Zambezi Portland Cement Factory has plenty to brag about in recent time. To start with, the factory has registered a total output of 4, 73, 985 tonnes of cement in a year. The forecasted output of the same was around 3, 60, 000 tonnes with a daily product target of 1, 000 tonnes. Witnessing the success of ZPC, Dr. Rajan Mahtani, has also thought of investing further in Masaiti by introducing a concrete block-making facility.

The facility can support production of up to 8000 blocks per day and is likely to start within a period of 30 days. An additional benefit from the introduction of this plant is that it will also offer employment to the locals.

The Zambezi Portland Cement Factory surpasses its estimated output by almost 30% – 2015

Dr. Rajan Mahtani’s Zambezi Portland Cement Factory has reached a greater height of success with its annual reports for the year ending 2014. As per verified sources, ZPC has produced an excess of 1, 00, 000 tonnes of cement and its final output for 2014 stands at 4, 73, 985 tonnes. Here is the total computation in words of Dr. Mahtani.

ZPC has also been awarded with ZS ISO 9001:2008 certification from Zambian Bureau of Standards (ZABS) for maintaining prime quality. The event has boosted the moral of Mahtani Group of Companies and they now look forward to invest further in Masaiti by way of a lime plant.

The Zambezi Portland Cement Factory makes big contribution for Mahtani Group of Companies 2015

Mahtani Group of Companies is an enormous association owned by Dr. Rajan Mahtani and has some of the most promising heavy scale units of Zambia, Africa. Recently, the cement factory found wide attention when it surpassed the estimated output by 1, 00, 000 tonnes. This has made the cement factory as one of the top performers in the heavy scale sector in Zambia.

Per day output of the Zambezi Portland Cement Factory is close to producing 1, 000 tonnes of cement along with the annual capacity to produce 3, 60, 000 tonnes. The total production figure for the year 2014 stands at 4, 73, 985 tonnes, which is almost 130% of the estimated capacity. A rapid increase in the demand for cement was caused due to the Ndola Housing Project that involved construction of 71 houses for locals who lost their existing land on account of development programs in Ndola. The initiative to build a better home for the people was taken Dr. Rajan Mahtani and all materials, including cement was supplied by Mahtani Group of Companies at zero cost.

The cement factory produces some of the best quality of cement in Africa and its production technique has also been acknowledged with a ZS ISO 9001:2008 certification by ZABS (Zambia Bureau of Standards). The incident has motivated Dr. Mahtani to build a new lime plant in Masaiti very soon.

Dr. Rajan Mahtani’s gift to Mwembeshi Prison

The year 2015 has been an eventful one for the Chairman of Mahtani Group of Companies, Dr. Rajan Mahtani. To make this year more auspicious, Dr. Mahtani has confirmed that he has handed over a Chapel to Mwembeshi Prison on January 18, 2015.

In May 2014, Dr. Mahtani had taken a pledge to build a chapel, which was meant to be used by the Mwembeshi Prison. The same is now 90% complete and has been handed over to Mwembeshi Prison with an intent to offer a religious place to the prisoners. Here are some exclusive pictures of the aforesaid event.

The Chapel is yet to be completed in the hands of Zambezi Portland Cement Factory and on completion the Chapel would be used as a place to educate prisoners about their religion. This has been a remarkable achievement by Dr. Mahtani and the people of Zambia are overwhelmed with this contribution that extends to create a space for religion and God.

The total estimated cost of the Chapel is about K 500, 000 and it will be complete by the end of this month. May it be the Finance Bank of Zambia Plc or the Zambezi Portland Cement Factory, Dr. Rajan Mahtani has always been successful in connecting his organization with a social cause. Catch a few more glimpses of this event here:

Finance Bank Zambia is now FBZ Plc- 2015

Dr. Rajan Mahtani, the Chairperson of Finance Bank Zambia is all set to write a historic moment for his bank. The Finance Bank of Zambia is now known as FBZ Plc, which means that this bank has now entered the status of a well reputed organization in Zambia. Addition of the word ‘Plc’ at the end of any organization means that the organization is stable and permanent in nature.

During 2014, the Finance Bank Zambia was converted into a public limited company which allowed it to access the Stock Exchange. The intent of FBZ is to float 25% of its shares in the Stock Market with an intent to raise USD $ 250 Million. The whole arrangement of listing is being executed under the Securities Exchange Commission (SEC) of Zambia and as per verified sources, most of the obligations have already been fulfilled. Dr. Rajan Mahtani looks forward to meet all the requirements before 31^st March, 2015.

Confirmed reports on FBZ suggest that the organization’s capital base is approximately K2.4 billion along with a loan book of K1.4 billion. Market experts believe that FBZ Plc would face no major problems in getting itself listed on the Lusaka Stock Exchange (LuSE) and its probability of getting listed on the Alternative Investment Market (AIM) of the London Stock Exchange is also good. With warmest appreciation for the efforts of Dr. Mahtani, the whole of Zambia wishes FBZ and Mahtani Group of Companies a very happy and a prosperous New Year.

Dr. Rajan Mahtani promises a better Finance Bank Zambia in 2015

The year 2015 has come with numerous good news for Dr. Rajan Mahtani. On one hand, the bank has successfully started its operations in Malawi and on the other hand, the bank is set to start its share trading operations on the LuSE (Lusaka Stock Exchange). It is highly anticipated that the proposed events will break all previous performance records of Finance Bank Zambia.

December 2014 witnessed a deposit made by FBZ to the Zambian Treasury. The total value of deposit amounted to K90 Million which will serve as a booster for the Zambian economy. The development plans of FBZ include increasing the number of outlets to 62 and ATMs to 172. The present figure for outlets and ATMs stand at 58 and 122, respectively. The year will also witness the first ever share trading operation of FBZ. Most of the obligations have been fulfilled with the Securities Exchange Commission (SEC) and soon FBZ will start its activities on the Lusaka Stock Exchange. An additional benefit can arise later in the year when FBZ will get simultaneously listed on the Alternative Investment Market (AIM) of the London Stock Exchange.

The list of upcoming development projects for FBZ is huge and with the determination of Dr. Rajan Mahtani the year looks to be a promising one for the Finance Bank of Zambia. With the blessing of God and the support of locals, Dr. Mahtani is definitely going to break all previous performance records of FBZ and set a new benchmark for all financial institutions in Zambia.