Latest Zambia Updates

The case of Portland Cement Zambia is known to all. It is a cement manufacturing factory, which, once upon a time, was a leading producer of cement in Zambia. It was owned by Dr. Rajan Mahtani, noted businessmen, visionary and philanthropist. Dr. Rajan Mahtani is a proud citizen of Zambia and has been conducting businesses across the nation for more than three decades. While he has successfully established numerous businesses, factories and companies in the nation, he is also known for his charitable activities, including funding for events, sources and ensuring that the economic and social status of the country is increasing. Some of the top companies under his belt include Mahtani Group of Companies, Finsbury Investments, Finance Bank Zambia and Portland Cement Zambia.  The Portland Cement Zambia was illegally taken over by the Ventriglias, almost ten year back. After that, Dr. Rajan Mahtani registered a case at the Lusaka High Court for legal takeover of the factory. The

It seems like after more than ten years of long wait, Dr. Rajan Mahtani and his teams might get some relief. This is regarding the ongoing Portland Cement Zambia case between Dr. Rajan Lekhraj Mahtani and the Ventriglias. The case can be easily considered as among the longest running high-profile cases across the Zambian corporate environment. The case was first registered by Dr. Rajan Mahtani when the Ventriglias illegally took over the factory. The Ventriglias then defended themselves by saying that the shares owned by Dr. Rajan Mahtani are not paid for.  During the event, Dr. Mahtani and his lawyers have submitted sufficient evidences that establish Dr. Rajan Mahtani as the real and legal owner of the factory. Some of these evidences include signed shareholder’s agreement, financial exhibits and independent audit report. This independent audit report clearly states that the factory was established as joint venture with Dr. Mahtani as the sole joint venture owner and the r

Since the latest announcement made by the judge at the Lusaka High Court handling the Portland Cement Zambia case, both parties have showed different reactions. Dr. Rajan Lekhraj Mahtani has been waiting for this announcement for a long time and his team is extremely rejoiced with the announcement. The Ventriglias, on the other hand, have no reason to rejoice. Over the course of 10 years during which several trails and turnarounds have occurred in the case, the Ventriglias have not been able to submit any strong evidence to support their claims. Their case is extremely weak and they are expected to lose.  The case started with Portland Cement Zambia , a noted cement factory was illegally taken over by the Ventriglias by using goons. The factory legally belongs to Dr. Mahtani and during his leadership, the factory products rose to great heights. It quickly became one of the biggest producers of cement in Zambia and also popular among workers and employees due to the above-ave

Portland Cement Zambia is a noted factory that has been in the news for a while. The first time this cement factory was in news was all for good reasons. It was under the leadership of Dr. Rajan Mahtani, a noted industrialist and businessman. During his leadership, Portland Cement Zambia quickly rose to prominence and became one of the leading cement producers across the nation. It is also constantly noted as one of the top employers in the manufacturing sector, providing above industry wages and ensuring that its workers have a good working environment. However, things changed quickly when the factory was illegally taken over by the Ventriglias. The Ventriglias are a notorious family rising in Zambia, and are known for their unethical and illegal practices as well as getting away with law. The Ventriglias took over the factory with force and after that left the factory in a destitute condition. After this illegal takeover, Dr. Rajan Mahtani registered a case at the Lusaka