Latest Zambia Updates

Forbes recently announced the winner of the Forbes ‘Best of Africa awards. It is one of the most anticipated and regarded philanthropy awards in Zambia. Dr. Mahtani was one of the recipients of the awards. Dr. Rajan Lekhraj Mahtani is a noted businessman and philanthropist in Zambia. The Forbes awards were presented during the Forbes-FIN philanthropy awards Dr. Mahtani was also invited to these awards. He was invited as an honorary speaker to the conference. The conference was held virtually to comply with the Covid-19 norms. Participants included international business committee members, media partners, international investors, political leaders, and businessmen. Dr. Mahtani highlighted the significance of leadership in healthcare, especially during these difficult times. Dr. Mahtani was recognized for his philanthropic and charitable contributions. He was conferred with Forbes ‘Outstanding Entrepreneur of the Year award. Forbes recognized the contributions of Dr. Mahtani towards rede...

Forbes business is one of the pinnacle business magazines throughout the globe. Forbes is known for its numerous international rankings for people, organizations, and more. Forbes Connect is known for organizing several international-degree activities and the Foreign Investment Limited (FIN) philanthropy and leadership roundtable conference 2021 became one such event. It was a Pan-African stage event that covered participation from top African businessmen, visionaries, and philanthropists regarding philanthropy to acquire long-time period empowerment of the African kingdom. Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist in Zambia, turned into invited to this occasion as an honorary speaker. Dr. Rajan Mahtani spoke about the significance of leadership in healthcare. In this pandemic era, governments across the globe have found out the significance of healthcare, studies as well as education. This becomes also one of the subject matters of dialogue for the duration o...

  Zambia is a developing nation and one of the fastest developing throughout Africa. The country is blessed with natural assets as well as devoted businessmen and people working closer to the welfare and betterment of its human beings. Dr. Rajan Lekhraj Mahtani is one such businessman with almost four a long time of commercial enterprise enjoy throughout Zambia, Africa in addition to across the globe. Dr. Mahtani is one of the maximum reputable and celebrated businessmen in Zambia. Recently, Dr. Mahtani’s performed global-stage recognition after triumphing one of the maximum coveted philanthropy awards throughout complete Africa. The award turned into supplied at some point of the Forbes ‘Best of Africa’ award rite, held in conjunction with the FIN (Foreign Investment Limited) philanthropy and leadership roundtable conference. This roundtable conference is a yearly occasion to recognition at the benefits and future related to philanthropy to reap long-time period empowerment of th...

The Supreme Court Zambia’s latest decision on the claim by the Ventriglia family is out and this decision certainly restores the faith of the common man on the legal structure of the nation.  Prominent members from the Ventriglia family, Antonio Ventriglia & Manuela Ventriglia recently approached the Supreme Court Zambia with a bizarre claim. In this claim, they challenged the decision of the higher Court of Appeal made on the 31st January 2019 in the Zambezi Portland Cement case. In this verdict, judge Mwinde had announced that the decision of the Lusaka High Court given in the year 2018 was wrong. According to the evidences, Dr. Rajan Mahtani owned Finsbury Investment holds 58 percent shares at the factory and is the majority shareholder as well as legal owner of the Portland Cement Zambia factory. On the other hand, the Ventriglia family holds only 42 percent shares of the factory and do not have any legal ownership over the factory. Due to this original shareholders’ agr...

  Dr. Rajan Lekhraj Mahtani can at last enormous farewell to long periods of deceitful and disputable case procedures and would now be able to zero in totally on the activities of his business ventures. This was made conceivable with the new audit and choice of the Supreme Court Zambia on an allure set up by the Ventriglias. The Ventriglias are a resolute rival of Dr. Rajan Mahtani , reasons being Dr. Mahtani's straightforward and moral strategic approaches and restricting the Ventriglias to just legitimate business manages them. The Ventriglias are infamous for their dishonest strategic approaches and are known to take part in untrustworthy campaigning and political moves to satisfy their own destinations. It was this individual goal of having both Portland Cement Zambia's possession and cash of dominant part shareholding which incited the Ventriglias to assume control over the industrial facility dishonestly. This untrustworthy takeover occurred in 2006-07 and from that point...

For many decades, Dr. Rajan Mahtani has dedicated his time, energy and passion towards the development and growth of the Zambian economy, society and its people. His businesses such as Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia have dedicated themselves towards the welfare and development of less privileged sections of the Zambian society. At the same time, Dr. Rajan Mahtani has made a name for himself for his transparent, ethical and honest business practices. This honest and straightforward business practice of Dr. Rajan Mahtani has resulted in many jealous people who are always looking to profit by damaging reputation of Dr. Rajan Mahtani.  Dr. Rajan Lekhraj Mahtani was recently attacked with the Facebook post. The most controversial part of this social media post was that it was shared by Miriam Mwanawasa , daughter of the late ex-President of Zambia, Levy Mwanawasa. In this social media post. Miriam Mwanawasa claimed that Dr. Mahtani wanted to...

  For the past three decades, Dr. Rajan Mahtani has maintained the reputation of one of the most honest, ethical and transparent business professional in Zambia. His success stories are not limited to establishing top companies in Zambia such as Mahtani Group of Companies and Finsbury Investments; but also contributing to the economic and social development of the Zambian nation in a significant manner. His philanthropic activities and charitable contributions are just significant as his business ventures. One of the major contributions of Dr. Rajan Lekhraj Mahtani in the field of education was the establishment of the Steven Malama Award. The Steven Malama award was launched by Finance Bank Zambia on behalf of Dr. Rajan Mahtani who is the presiding Chairman of the Finance Bank Zambia. The award was established in the year 2012 for honouring the late Steven Malama, an honorary legal professional known for his significant contributions for upliftment of the legal system in Zam...

Dr. Rajan Lekhraj Mahtani is one of the most noteworthy and beloved businessman in Zambia . In his more than three decades of business ventures, Dr. Rajan Mahtani has created a reputable name for himself. This name has been made by note only transparent and ethical business practices, but also due to his engagement in charitable and philanthropic activities. Recently, Zambia’s prestigious newspaper Daily Mail shared the news about the 2018-19 recipient of the Steven Malama Award. It was Emmanual Bwalya Kaluba, who recently graduated from the ZIALE (Zambian Institute of Advanced Legal Education). He graduated in distinction and was confirmed at the Bar during his first attempt. This award is a means to recognise upcoming talent who have shined and made a name for themselves despite facing financial and social challenges. In the newspaper, Kaluba shares his gratefulness and praise for the chairman of the Finance Bank of Zambia and his self-less act towards the development and growth o...

Dr. Rajan Lekhraj Mahtani owned Finsbury Investments recently registered a complaint at the Lusaka High Court, claiming that the shares owned by Finsbury Investments at the Hotellier were manipulated by the bank. Finsbury Investment claimed that the bank helped Ody's or OWL (Ody's Works Limited) in adjusting the Hotellier's offer capital. From that point forward, new offers were given that were totally unique in relation to those of the offer examples swore to the Finsbury Investments. As per the announcement by Finsbury Investments, the bank in the year 2012, singularly gave one letter which displayed that the offer changes were made subsequent to taking assurance from the offended party, which is for this situation is Finsbury Investments . In any case, it was discovered that this letter was made without setting up any proper application process just as without educating Finsbury Investments. Finsbury Investments have likewise guaranteed that this unlawful control of...

London, United Kingdom September 10, 2018 Dr. Rajan Lekhraj Mahtani (popularly known as Dr. Mahtani) is a Zambian businessman and philanthropist and Chairman of the Mahtani Group of Companies. He has business interests across Africa, Europe and Asia. The Mahtani group includes a large number of Companies and has been built into one of the largest conglomorate in Zambia, employing over 3500 personell and funding more than twenty development projects in Zambia, apart from countless charitable and philanthropic initiatives. However, his success has naturally been accompanied by a vicious smear campaign, aimed at maligning Dr. Mahtani’s reputation, by vested interests in Zambia, and supported by persons in America and Europe. It is noteworthy, that Dr. Mahtani filed defamation cases in the State of Arizona and State of Minnesota, USA against such publishers of defamatory articles, including Zambiareports.com. The case was resolved between both parties and Zambiareports rem...

The final announcement of the results of Portland Cement Zambia was given a few weeks ago. The Lusaka High Court judge overseeing the case closed it on a very ambiguous note. The verdict announced by the judge surprised everyone and left a lot of head scratching and raised eyebrows. The case of Portland Cement Zambia was established at the Lusaka High Court after Dr. Rajan Lekhraj Mahtani claimed that the factory was illegally taken over from him. Thus, it started as one of the longest-running corporate cases in Zambia spanning over a decade. Various reasons have been attributed to the long trial of the case. One of the major attributes includes the frequent transfer of the judges handling the case at the Lusaka High Court. This resulted in new judge taking over and starting the process all over again. During other occasions, either the parties were not present or the evidence submitted was not enough to progress the case. On the other hand, Dr. Mahtani and his lawyers hav...

The latest annual African Summit was held in the year 2017 and was considered a grant success. The objective of this summit was to bring top experts, companies and noted personalities from different economic, social, technical and political fields for discussing the various burning questions gripping the nation. This platform is also a big opportunity for making contacts and discovering further business opportunities. As such, this platform was attended by several companies, industry experts, and political groups and are often organized at a larger level. It was attended by several top personalities and numerous events and workshops took place. Dr. Rajan Mahtani also attended the event and was an active participant, taking part in several events, seminars, and conversations. After the event was successfully completed, the Chief Secretary of the event organizing group released a Press Release. In this Press Release, he thanked Dr. Rajan Mahtani for his significa...

The final verdict for the long-pending case of Portland Cement Zambia is finally out and it is not what expected. The judgment has shocked the real owner of the factory as well as numerous experts who have been following the case for years. The case of Portland Cement Zambia is decades old and has become one of the longest pending corporate cases across the nation. This case is also associated with one of the biggest industrialists in Zambia, Dr. Rajan Lekhraj Mahtani. Dr. Rajan Mahtani is a noted businessman, philanthropist, and charity worker. He is also the owner of numerous successful establishments both across Zambia as well as outside the nation. Some of his national investments include Mahtani Group of Companies, Finance Bank Zambia and Finsbury Investments. He is also the legal owner of Portland Cement Zambia but has been trying to prove the same to numerous judges at the Lusaka High Court where the case has remained pending for a long time. During this long trial, n...

Portland Cement Zambia case is a noted case in Zambia. The factors were once among the biggest producers of cement in Zambia. It was also popular for his above-industry average wages, salaries as well as high-level of productivity. During this time, the factory was under the leadership of Dr. Rajan Mahtani, who is also the legal owner of the factory. However, he has been fighting for the legal takeover of the factory for the past ten years. This fight is at the Lusaka High Court in Zambia.  During the trial of this case, several ups and downs were observed. One of the major issues resulting in the long-term pendency of the case was the frequent transfer or unavailability of judges. While sometimes the judges were transferred, other times they were simply not available. The case also suffered due to issues such as unavailability of respondents or lack of evidence from their side. At the same time, Dr. Rajan Mahtani has been continuously submitting powerful and factual evidenc...

Financial Intelligence Centre recently released news which shocked the entire nation. This news was a report on mass money laundering scheme going on within Zambia and the involvement of top legal counsellors, government officials and even some ministers in it. Since this release, numerous corporate giants, industrialists as well as citizens have marched against the government and their inability to identify this mass money laundering act which has been undergoing for a long time.  As per the news report, this money laundering scheme has been going on for years. While the FIC were investigating similar incidents across the nation, this particular scheme was kept under the radar for a long time. In fact, it was only after observing illegal cash transactions from the bank accounts of suspected lawyers, the FIC was able to sense this scheme and launch a deeper investigation on the matter. The investigation revealed some shocking notes when the FIC released a list of names of in...

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....

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 t...

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...

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...

Money laundering is an absolute illegal activity and no nation, irrespective of their status or governance, would tolerate such kind of act in their nation. Therefore, it was an extremely shocking situation for the government and the citizens when it was found that a mass money laundering act had gripped the entire Zambian nation. Not only citizens, but top industrialists such as Dr. Rajan Mahtani have showed their concerns over this money laundering revelation, which can be attributed to have a huge hand in preventing the economy of the country from growing. FIC is Financial Intelligence Centre , looking into financial frauds. The investigation agency was already looking into the illegal money laundering acts when they started observing huge cash transactions from the personal and corporate bank accounts of top lawyers and legal counsellors. More than 35,000 such transactions were recorded after which the FIC started looking into the sources. It was also observed that majo...