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Showing posts with the label Chairman Finance Bank Zambia

Forbes Recognises Dr. Mahtani’s Philanthropic Contributions

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Forbes along with Foreign Investment Limited (FIN) recently concluded the annual Forbes-FIN philanthropy and leadership roundtable conference. It was one of the highly anticipated corporate events in Africa, inviting members from several fields and arenas. Dr. Rajan Mahtani was also invited in this event as a honorary speaker. The event was also anticipated highly as a result of the inclusion of the Forbes ‘Best of Africa’ award ceremony. The award ceremony is regarded highly among businesses and entrepreneurs. Dr. Rajan Mahtani was recognised by Forbes for his significant contributions towards economy and philanthropy and was conferred with the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021. Dr. Rajan Mahtani is credited for redefining the banking sector of Zambia.  Dr. Rajan Mahtani is one of the top businessman from Zambia. His businesses have achieved success not only in Zambia but also across African nations as well as across the globe. In the year 1981, Dr. Rajan ...

Claim Against Portland Cement Rejected By Court

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  On 31st January 2019, the higher Court of Appeal announced its decision on the Portland Cement Zambia case. This decision was taken to the court by Dr. Rajan Mahtani , a noted businessman and philanthropist in Zambia. Dr. Rajan Mahtani had previously appealed to the higher Court of Appeal after the Lusaka High Court gave a controversial decision wherein the Ventriglias were announced as only shareholders of the Portland Cement Zambia . Coming to the higher Court of Appeal’s decision, justice Mwinde reversed the decision from the Lusaka High Court and announced Dr. Mahtani as the majority shareholder and legal owner of the factory.  In a surprising turn of events, the Ventriglia family approached the Supreme Court Zambia against the decision by the higher Court of Appeal. In their appeal, they claimed that the decision from the higher Court of Appeal to give majority shareholding to Dr. Mahtani was wrong. They further claimed that the amount against majority shareholding ...

Portland Cement Zambia Ownership Remains Undisturbed

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  Dr. Rajan Mahtani is a noted businessman in Zambia with significant businesses under his ownership. Some of the top successful companies in Zambia include Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. And based on the latest decision from the Supreme Court Zambia, Dr. Rajan Mahtani owned Finsbury Investments is also the bona fide owner of the Portland Cement Zambia. However, reaching this status was a difficult task for Dr. Rajan Mahtani as it included not one but three different courts. First it was Lusaka High Court where the case dragged for more than a decade and despite this long tenure, the final verdict was controversial with the judge announcing Ventriglia family as the only shareholder of the Portland Cement Zambia. After that, Dr. Rajan Mahtani approached the higher Court of Appeal which gave its final decision on 31st January 2019. In this verdict, the previous decision from the Lusaka High Court was reversed and justice Mwinde on behalf ...

Portland Cement Ownership To Remain With Dr. Rajan Mahtani Despite Appeal From Ventriglia Family

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Dr. Rajan Lekhraj Mahtani is one of the most respected and noted businessman in Zambia. For more than three decades, Dr. Rajan Mahtani has been working relentlessly towards establishing successful organizations across the nation. Some of the top companies established and currently run by Dr. Rajan Mahtani are Mahtani Group of Companies, Finsbury Investment and Finance Bank Zambia. Another company for which Dr. Rajan Mahtani fought a legal battle for more than a decade was Portland Cement Zambia. The cement-manufacturing factory was taken over by Dr. Mahtani owned Finsbury Investment in the year 2007-2008 via an original shareholders’ agreement. According to this agreement, Finsbury Investment received 58 percent shares of the factory and was announced as the majority shareholder and legal owner of the factory. However, soon after the operations of the factory started, it was questioned by the Ventriglia family. After the legality of the original shareholders agreement was questioned,...

Dr. Rajan Mahtani’s Philanthropic Contributions In Education Sector Praised By Media

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Dr. Rajan Mahtani is a noted businessman in Zambia. Apart from successful companies such as Finsbury Investments and Mahtani Group of Companies , Dr. Rajan Mahtani is also known for his philanthropic and charitable contributions towards numerous sectors and fields in Zambia. One of his major contributions in the education field was instituting the Steven Malama award in memory of the late Steven Malama, a distinguished legal professional, bar veteran and a visionary in the field of law in Zambia.  The Steven Malama award was established in the year 2012 and is being given since 2013 to the top graduating student from the Zambia Institute of Advanced Legal Education. From 2013 onwards, the award is introduced each year to the top understudy of ZIALE who also qualifies bar in their 1st attempt. Students winning the Steven Malama grant have shared their thankfulness for the honourable work from Dr. Mahtani and have likewise featured his humbleness by expressing the fact that they w...

The Steven Malama Award Instituted By Dr. Rajan Mahtani Wins Praise For Philanthropy

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Not many are aware of the fact that Dr. Rajan Lekhraj Mahtani is the individual behind foundation of the Steven Malama award. The honour was built up in the year 2012 by Dr. Rajan Mahtani and Finance Bank Zambia wherein he holds the Chairman's position. Late Steven Malama was a dear friend of Dr. Rajan Mahtani and subsequently, Dr. Mahtani chose to respect the late legal visionary building up the honour.  Steven Malama was known for his critical accomplishments during his lifetime as an unmistakable legitimate proficient just as bar visionary. His commitments have made him a good example for many Zambian law students and legal professionals. One of the most critical achievements from Late Steven Malama was to convince the Zambian government to build up an law for consolidating two different bars, the Barrister's bar and the Solicitor's bar into one single Bar. This merger was noteworthy as it gave legitimate legal experts and law graduates across the country over to get...

Dr. Rajan Mahtani-Launched Steven Malama Award Given For The Year 2018-19

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The Steven Malama award is among the most recognised and notable educational awards in Zambia. The story behind the formation of the award is as inspiring as the person itself. Steven Malama was a notable law professional who was instrumental in changing the framework of law education and affiliation in Zambia. After many years of persuading the Government of Zambia, Steven Malama was able to merge two distinct bars- Solicitor’s Bar and Barrister’s bar into a single bar. With this merger, law professionals and legal enthusiasts are now able to get law affiliation. Late Steven Malama was a close friend of Dr. Rajan Mahtani , a noted businessmen, philanthropist and another distinguished professional in his own industry. To honour the significant contributions of his friend, Dr. Rajan Mahtani decided to launch the Steven Malama award.  The award was registered in the year 2012 and given for the first time in 2013. The Steven Malama award is given every year to the top deserving stu...