Category Archives: Chairman of Finance Bank Zambia

Why ‘Dr. Mahtani bribing the ex-President’ news was fake- 2015

Recently, when an article claimed that Dr. Rajan Mahtani had bribed the Malawian ex-President Joyce Banda, the people of Zambia and Malawi got angry and started to hunt for the truth behind this news. However, the clues were hidden in the fake article itself when it claimed that the bribe was offered in the form of a bio-thermal plant and a fuelling loan.

For any man, it was not very hard to understand that Dr. Rajan Mahtani is a man whose abides by the biblical principles and focuses upon developing Zambia. Nevertheless, had any form of bribe been offered to Joyce Banda, then it would have been in the form of personal benefits rather than offering benefits for the society. A bio thermal plant is of no use to an individual and hence, one can realize that this nothing more than a shameful attempt of the conspirators to defame Dr. Rajan Mahtani.

Another aspect of looking at this matter is the relevancy of the claim. Being a learned man, Dr. Mahtani is well aware of the legal framework which exists in Malawi. Had he been interested in bribing an official to regain access into Malawi then it would be the officials of the Reserve Bank of Malawi rather than Joyce Banda, because it is the Reserve Bank of a country that holds the right to grant operating permission to any bank.

To conclude, one can now regard that the controversy was nothing more than an intended defamation attempt against Dr. Mahtani.

Dr. Rajan Mahtani misses Michael Sata- 2015

Dr. Rajan Lekhraj Mahtani and former Zambian President, Michael Sata are two of the most influential figures of Zambia. Today Zambia is striving towards the path of success with the courtesy of Dr. Rajan Mahtani. However, what Dr. Mahtani is missing is the support of a guide, a friend, a help- Michael Sata. It has often been seen Dr. Mahtani is in need of a friend who can guide him through the rough phase of life. The past six months have not been easy for Dr. Mahtani, but he strongly believes that somewhere in the sky, Michael Sata is watching him and offering him his blessing.

Portland Cement Zambia

More development plans for Masaiti by Dr. Mahtani – 2015

Masaiti has become a hot-spot of development for Dr. Mahtani. After the much celebrated success of the Zambezi Portland Cement Factory, Dr. Rajan Mahtani has turned his focus towards Masaiti by making it the home for some of his biggest projects. As per confirmed reports, Masaiti is going to host a new ‘block-making facility’ which has the potential to produce 8000 concrete blocks a day.

Zambezi Portland Cement 2015

The facility will soon start its production within a span of 30 days. An additional benefit which will arise out of this plan is that Masaiti will have greater opportunities of employment.

Zambezi Portland Cement Factory promises performance and quality 2015

The Zambezi Portland Cement Factory has produced an exceptional result for the Mahtani Group of Companies in 2014. The factory not only went on to achieve its forecasted output, but it has also successfully produced 1, 00, 000 tonnes of cement in excess. As per verified reports, the Zambezi Portland Cement Factory has produced a total of 4, 73, 985 tonnes of cement for the year 2014 along with maintaining optimum quality in production line.

The excess production was made for facilitating the Ndola Housing Project where a total of 71 houses were being constructed for the purpose of offering shelter to the people who have lost their place earlier. Additionally, the factory has also obtained the status of being a ZS ISO 9001:2008 certified factory for abiding by the required standards in the production line. The certification has been offered by ZABS (Zambia Bureau of Standards).

The performance of Zambezi Portland Cement Factory has motivated Dr. Rajan Mahtani to invest further in developing countries such as Masaiti. This has resulted in declaration of opening a new lime plant in Masaiti within the next 24 months. The plant will not only offer quality limestone production, but will also offer employment to more than 150 people.

With a prolific performance in 2014 from ZPC, the level of expectation has definitely increased from ZPC. However, will it stay aloof from conspirators or it will soon be attacked, is the question.

Zambezi Portland Cement Factory, then and now

The people of Zambia and all around Africa have often expressed their blunt feelings for the Zambezi Portland Cement Factory because it never remained in the news or showed any big developments. However, with the New Year there has been a turnaround for this factory as it has produced one of the best results for heavy scale factories in Africa. As per confirmed reports, ZPC has registered an annual production of 4, 73, 985 tonnes of cement in 2014. The figure indicates achieving 130% of the forecasted output.

Situated in Ndola, ZPC has always remained passive with its contributions. It contributes at a large scale, but never comes to the limelight because it is confined to supplying materials in construction projects. Exceptionally, this time its contribution has been so bog that it is bound to make a big news. The installed capacity of ZPC on annual capacity is around 3, 60, 000 tonnes along with a daily production potential of 1000 tonnes. This time around the same has been achieved with ease.

The production expanded because of the Ndola Housing Project that focused upon building 71 new houses for the people of Ndola who had lost their existing home. Additionally, the production of ZPC takes quality control seriously and has a ZS ISO 9001:2008 certification, which comes from the Zambia Bureau of Standards (ZABS). The recent success has also motivated Dr. Rajan Mahtani to invest in Masaiti by way of constructing a new lime plant in the next 24 months.

**Update**

The Zambezi Portland Cement Factory is now being managed by the minority shareholders, the Ventriglias. They took over the management of the company on April 7, 2015 by force and since then,  the situation has degraded continuously. According to the workers, the working conditions have degraded and they are not being paid for their hard work. The factory which had once shown promising result is now at the mercy of the Italian Mafias.

Success and growth comes again to Zambezi Portland with ISO certification

With the advent of the New Year 2015, the Zambian citizens have been observing numerous positive events. One common thread linking all these events is Dr. Rajan Mahtani, who owns the FBZ (Finance Bank of Zambia) as well as the Zambezi Portland Cement Factory. While the FBZ recently tested success when FBZ was made public and granted stock trading options, another auspicious event occurred on Thursday, 15th Jan for the Zambezi Portland when it was awarded the ISO (International Standard Organization) 9001:2008 certifications for the quality management process. This certification, which was given by ZABS (Zambia Bureau of Standard), signifies that the Portland cement factory will now be able to efficiently promote its resources, reduce costs of operations as well as earn higher profit margins.

Zambezi Portland Cement 2015Dr. Rajan Mahtani commenting on the event said that the ISO certification will help in expanding the firm’s global as well as regional business opportunities. He also stated that the certification will aid in better planning and execution of strategies and operational processes.

The event was lauded by the Chairperson of the ZABS, David Nawa. According to him, the certification was an accomplishment for both ZPC and his institution.

With the certification, Dr. Mahtani also announced ERP for its business. ERP (Enterprise Resource Planning) is a strategic business practice that will ensure the ZPC’s internal as well as external information management is well integrated and operational cycle is minimized effectively. With these developments, it can be said that the Portland Factory will achieve new heights in coming future.

Chapel in Mwembeshi Prison, Courtesy Dr. Rajan Mahtani

The Zambezi Portland Cement Factory owner, Dr. Rajan Mahtani has set a new benchmark in the realm of social responsibility. On January 18, 2015, Dr. Mahtani has successfully handed over the ownership of a Chapel in the hands of Mwembeshi Prison. This noble contribution has been done with an aim to educate the prisoners and show them a new path of life based on the Biblical Principles.

Portland Cement Zambia 2015

A pledge which was taken by Dr. Mahtani during his visit to Prison Fellowship International President, Rev. Timothy Koo, in May 2014 is 90% complete and the whole project is expected to be completed by the end of January 2015. The total associated expenditure on this project is about K 500, 000 and every single penny has been borne by the Mahtani Group of Companies.

Portland Cement Zambia 2015

Percy Chato, the Commissioner of Prisons, was overwhelmed with this donation from Dr. Rajan Mahtani and expressed his gratitude towards this contribution. This donation has been rightly remarked by Percy Chato as “tireless” and “unselfish”.

Portland Cement Zambia 2015

The event has once again highlighted the level of commitment from Dr. Rajan Mahtani. Being a man of words, he has always fulfilled his promises on time and has ensured that Zambia continues to move ahead in the path of development with harmony and God’s grace.

Masaiti bows to Zambezi Portland Cement Factory – 2015

The Zambezi Portland Cement Factory is offering an impressive result in Masaiti, Africa. Dr. Scott, the Acting President, has sanctioned US $ 2 million for the development of Masaiti and most of the activities is being hosted by Zambezi Portland Cement.

Dr. Rajan Mahtani, the owner of Zambezi Portland Cement Factory  and the Chairman of Finance Bank Zambia is heavily occupied with numerous activities as both of his businesses have big targets to achieve. On one hand, Dr. Mahtani has promised to build clinics, schools and markets for the residents of Masaiti and on the other hand, FBZ is also scheduled to list on the Lusaka Stock Exchange by the March 2015.

The industrial activities in Masaiti is growing at a rapid pace and therefore, it had become necessary to vacate residential lands of the locals to replace the same with better infrastructure. However, the people who have lost their lands are also being offered free houses with better sanitation facilities and access to clinics and schools without being charged a penny. This whole project is being completed by the Zambezi Portland Cement factory and the Senior Chief Chiwala has also expressed his gratitude towards the contribution that Dr. Mahtani has made for the development of Masaiti.

For Dr. Rajan Mahtani, it is not about making large profits or achieving business goals, but it is all about developing Zambia and giving the locals an opportunity to live a better and safer tomorrow.

Dr. Rajan Mahtani least bothered about Presidential Election Results- 2015

The Presidential Election result in Zambia is due on January 20, 2015. This day will decide the fate of Zambia’s development as the new President of Zambia will preside over his seat. However, an unexpected news that came to limelight was that Dr. Rajan Mahtani’s empire was at stake in this election. According to an article published on an infamous Zambian news portal, it is being said that if Dr. Rajan Mahtani’s party doesn’t win this election then Dr. Mahtani can face some stringent tax evasion cases.

The news has come as a shock for most of the people in Zambia as they were not expected a conspiracy in the midst of a political havoc. Nevertheless, the conspirators did manage to create a news that was as fake as their own words. This is not the first time when something like this has happened. The year 2014 has already witnessed some similar shameful events.

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Dr. Rajan Mahtani is the Chairman of Finance Bank Zambia and the owner of the Zambezi Portland Cement Factory. It is totally absurd to connect a businessman to politics. Being an iconic figure in Zambia, business and development of Zambia attract Dr. Mahtani. All other areas are of lesser priority to him. His faith in Christianity and Biblical Principles has made him a man whose only motive is to develop Zambia and help the poor. Least interested in politics, Dr. Rajan Mahtani has never shown any interest towards either joining politics or supporting any party. Recently, his bank has opened a new branch in Lilongwe, the capital of Malawi.

From Dr. Rajan Mahtani’s Desk- A warm welcome to 2015

The New Year has brought along with it new hopes and faith. The citizens of Zambia will see various new developments this year in the form of Global recognition of the Finance Bank of Zambia as well as successful development of the Zambezi Portland Cement Factory. The present chairman of FBZ, Dr. Rajan Mahtani who is also the owner of the Zambezi Portland factory has send his warm wishes on this occasion to all his near and dear ones as well as to the citizens of Zambia. Below here is a message coming straight from Dr. Mahtani’s desk.

Zambezi Portland Cement