Finance Bank Zambia expands, Thanks to Rajan Mahtani

The Chairman of Finance Bank Zambia, Rajan Mahtani, has laid the foundation pillar for his bank to go international by opening its new branch in Lilongwe, Malawi. The much expected news came shortly after Mahtani confirmed that his bank has now been converted into a public limited company and is being listed on the Lusaka Stock Exchange.

The operations in Malawi are expected to commence from December 15, 2014 and the first unit of FBZ will be opened in the capital city of the country, Lilongwe. This has been one of the biggest success stories for the Finance Bank in 2014. Dr. Rajan Mahtani, who is also the owner of Zambezi Portland Cement Factory, has made efforts worth appreciating towards globalizing the operations of FBZ and offer people with an organization that funds developmental programs and brings upon radical changes for improvement in living conditions of the locals.

According to confirmed reports, it is also being said that Rajan Mahtani is planning to list his bank on Alternative Investment Market of London Stock Exchange which would offer his bank with the benefit of dual listing. The total of 25% of company shares in being floated with intent to raise US $ 250 million. Though the nation of Zambia has not recovered from the loss of its former President, Michael Sata, but it can be regarded that Mahtani is determined to accomplish Sata’s unfinished objective- a developing Zambia.