Dr. Rajan Lekhraj Mahtani Winner Of Prestigious Forbes Awards

The 2021 Forbes-FIN annual leadership and philanthropic roundtable conference was recently concluded via online mode in Africa. Dr. Rajan Mahtani was invited as a honorary speaker in the event, which was held online as a result of the ongoing coronavirus pandemic. The Forbes-FIN roundtable conference is one of the most anticipated and noted business events across Africa. The business event invited personalities from across the globe as well as from across Africa to share their views, discuss about the challenges, identify solutions as well as generate financial and non-financial support to the ongoing projects across Africa. Participants, members and speakers were invited from several fields such as international business communities, international investors, opinion leaders, spiritual leaders, political leaders as well as media partners. 

A highlighted part of the roundtable conference was the Forbes ‘Best of Africa’ awards, a prestigious globally renowned business awards given to outstanding leaders, entrepreneurs and businesses with significant social and economic contributions towards long-term development and growth of the Zambian nation. Dr. Rajan Lekhraj Mahtani was bestowed with the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021 for his leadership and philanthropic contributions as well as for redefining the banking sector of Zambia. Dr. Rajan Lekhraj Mahtani is the owner of one of the most successful conglomerates in Zambia. He founded the Mahtani Group in the year 1981 and quickly transformed into a conglomerate spanning several locations such as Malawi, South Africa and United Kingdom as well as several sectors such as mining, agriculture, energy, real estate, insurance and banking sector. Some of his philanthropic activities include establishing Prison Fellowship Zambia as well as establishing the Stephen Malama award with scholarship for top law students in Zambia. 

Dr. Mahtani Recognized By Forbes For His Business And Philanthropic Contributions

 

Even since Dr. Rajan Mahtani won the prestigious ‘Best of Africa’ awards, congratulations have not stopped from all over Africa and the globe. Dr. Mahtani is one of the most successful businessmen in Zambia. He is also known for his philanthropic and charitable contributions. Dr. Rajan Mahtani was recently honoured with one of the most prestigious business awards in Africa, the Forbes ‘Best of Africa’ awards. The awards are presented during the yearly Forbes-FIN Philanthropy and Roundtable conference held at New York during the UNGA meetings. However, this year’s roundtable conference was virtual due to Covid-19 restrictions and participants joined audio-video conference from their respective positions. 

Dr. Rajan Lekhraj Mahtani was a honorary speaker during the roundtable conference. However, he was also awarded with the prestigious ‘Outstanding Entrepreneur of the year’ award under the Forbes ‘Best of Africa’ awards category. The award is presented to leaders and visionaries across Africa, recognising their significant contributions towards empowerment. The award holds special significance due to the rigorous process of selecting the awardees, which includes months of discussions, interviews, background checks and verifications by both FIN (Foreign Investment Network) and Forbes. 

Dr. Rajan Mahtani received the award for his contributions towards Zambian society and redefining the Zambian banking & financial sector. His company, Mahtani Group of Industries, have been awarded for its contributions towards Zambian society. The company has expanded its presence across several sectors such as agriculture, finance & insurance, mining, energy and real estate. Furthermore, Dr. Mahtani’s contributions towards philanthropy is also immense and some of these contributions include founding the Prison Fellowship Zambia for welfare of the inmates and Stephen Malama award and scholarship for law graduates from Zambia. 

Dr. Rajan Lekhraj Mahtani Alleges Breach Of Contract By Bob Diamond’s Firm

If the latest claim by respected business tycoon Dr. Rajan Mahtani are to be believed, banking group Atlas Mara is in deep trouble for non-compliance and breach of contract. Atlas Mara was established in the year 2013 by Bob Diamond with the bold objective of transforming the company into a financial giant in Africa. Atlas Mara is listed in the LSE (London Stock Exchange) and went through several ventures and acquisitions for expanding its business operations. However, since the launch of the company, its shares have fallen sharply. In the year 2019, Bob Diamond stepped down from the position of Chairman of Atlas Mara after Citi was hired for reviewing the options for Atlas Mara. However, Bob Diamond has remained the non-executive director as well as biggest shareholder of the defunct banking group. 

The agreement between Dr. Rajan Mahtani owned Finance Bank Zambia and Bob Diamond owned Atlas Mara was established in the year 2015. It was a share sales & purchase agreement based on which the majority shares of the Finance Bank Zambia were taken over by Atlas Mara. As per the claim by Dr. Mahtani, Atlas Mara has failed to make the total payment against the shares of Finance Bank Zambia taken over, resulting in breach of contract. 

To take this case further, Dr. Rajan Mahtani has approached international law agency Omnia Strategy which is a company by Cherie Blair. While the representatives from Atlas Mara have claimed that the allegations by Dr. Mahtani are without merit and fundamentally weak, Dr. Rajan Mahtani has presented Omnia Strategy with numerous evidences to support his claim. At the same time, similar claims have been made by other investors against the controversial firm Atlas Mara 

Dr. Rajan Mahtani Pays Tribute To First Zambian President

Dr. Rajan Lekhraj Mahtani is a noted businessman and philanthropist in Zambia. For more than three decades, Dr. Mahtani has been working towards the development of the Zambian nation for many decades now. He contributed towards the economic development of Zambia with his numerous business ventures, providing employment and growth opportunities for several Zambian citizens. His companies such as Finsbury Investments is credited for development of several infrastructural projects including schools, hospitals and other public utilities. At the same time, Dr. Mahtani has made significant contributions towards charity and philanthropy, many of which are not known to the general public. 

In a similar manner, Dr. Rajan Mahtani has embodied the principles and philosophies of Kenneth Kaunda, one of the most significant personalities in Zambia. Kenneth Kaunda was known to the Zambians as its ‘Independence Hero’ as well as ‘Father of the nation and the African Union. For many years, Dr. Kaunda worked towards the freedom and upliftment of the Zambian nation. At the same time, Dr. Kaunda is known for uniting more than 72 tribes across Zambia and popularizing the philosophy of one Zambia, one nation. This philosophy is underpinned into the Zambian economy and politics now. 

Sadly, this gem of a person left for heaven few days ago. His demise was a shock to everyone and especially for those who considered Kenneth Kaunda as their role model. The eulogy from Dr. Mahtani not only paid tribute towards this extraordinary person, but also persuaded the Zambian citizens to wake up from their petty differences and work towards achieving the legacy for which Kenneth Kaunda dedicated his life. It is high time for Zambia to wake up and showcase its strength to the world. 

Dr. Rajan Mahtani pays tribute to Dr. Kenneth Kaunda

Dr. Rajan Lekhraj Mahtani recently paid tribute to Kenneth Kaunda, who recently passed away. Dr. Kenneth Kaunda can be easily considered as one of the most influential and significant personalities in Zambian history and politics. He was known as the ‘independence hero’ of Zambia due to his significant contributions towards the development of the Zambian nation. He was also the first-ever President of Zambia and was regarded as the ‘Father of the Zambian nation & African Nation’.  After becoming the President of Zambia, Dr. Kenneth Kaunda was responsible for several developmental activities, plans and initiatives. Despite the several allegations and accusations against him, Dr. Kenneth Kaunda worked tirelessly towards the well-being of the Zambian citizens and established integrity in his work. One of the few businessmen and individuals in Zambia still following his philosophical path and legacy is Dr. Rajan Mahtani, a noted businessman and philanthropist in Zambia. With more than three decades of experience, Dr. Rajan Mahtani can quite easily be termed as the most successful businessman in Zambia. Despite his success, Dr. Mahtani is known for his humility, integrity, down-to-earth nature as well as a humble person. Dr. Mahtani’s businesses are targeted for uplifting the social and economic status of the Zambian citizens, and Dr. Mahtani has achieved this by providing employment and growth opportunities across several provinces. Dr. Mahtani continues his contributions towards Zambia with his charitable and philanthropic contributions, much of which goes unnoticed due to lack of publicity unlike other businesses. 

Dr. Rajan Mahtani and late Dr. Kenneth Kaunda worked with the same motto of Pan-Africanism, one Zambia, one Nation and urged the Zambian citizens to follow this legacy so that Zambia as a nation achieves its goals and objectives.

Dr. Mahtani Urges Zambians To Follow Kenneth Kaunda’s Legacy

Dr. Rajan Lekhraj Mahtani recently shared a beautiful eulogy after the sad demise of Zambia’s most loved President, Kenneth Kaunda. Dr. Kaunda was not only the first-ever President of the Zambian nation since its independence, he was also the independence hero of Zambia and was respectfully known as the ‘Father of the Zambian nation & African Union’

 

Dr. Mahtani imparted an exceptional similarity to Dr. Kaunda, through his own father, Late Lekhraj Mahtani. Dr. Rajan Mahtani's father was a prominent Ndola-based councillor and offered the genuinely necessary help and joint effort to Dr. Kaunda in his battle for Zambian opportunity. Dr. Mahtani and Dr. Kaunda share numerous comparable attributes. It is hard to adversary or equivalent the model and principled life which Dr. Kenneth Kaunda lived and Dr. Mahtani is one of those couple of finance managers and individuals across Zambia who is known to follow his standards and ways of thinking. Dr. Kaunda was known to have huge confidence in god and accepted that everyone is dealt with similarly before god. He was a magnanimous individual who put others before self. Indeed, even as the President of Zambia, Kenneth Kaunda rehearsed sacrifice and commitment and put the turn of events and development of the Zambian resident prior to whatever else.

Now that the beloved ex-President of Zambia is no more, it is the duty of the Zambian citizens to take his legacy forward by believing in his principles and philosophies of the greater good. Then only the Zambian nation will be able to grow and develop through its citizens. The beautiful eulogy from Dr. Mahtani thrusted on very same philosophy.

After Evaluating Details, Supreme Court Zambia Rejects Appeal On Reopening Portland Cement Case

In a bizarre and scandalous event, the notorious Ventriglia family made an appeal against the decision given by the higher Court of Appeal on the Portland Cement Zambia case. It should be noted here that on 31st January 2019, justice Mwinde on behalf of the higher Court of Appeal reversed the previous decision from Lusaka HC judge that announced Ventriglia family as the only shareholders of the Portland Cement. Justice Mwinde on only reversed the decision, but also announced that Dr. Rajan Mahtani is indeed the majority shareholder as well as legal owner of the Portland Cement Zambia factory.

After the Ventriglia family launched an appeal against this same decision, a bench comprising of three SC judges was established for evaluating the claim. During evaluation, it was found that the Ventriglia family did not comply with the rulebook of case submission. According to this rulebook, all appeals against past court decisions must be registered within 14 days of the court decision itself. Since the decision from the higher Court of Appeal came on 31st January 2019, the window for appealing against it closed during the mid-week of February 2019. On the other hand, the Ventriglia family submitted their appeal after more than 18 months of the Higher Court of Appeal’s judgement. This automatically makes the appeal liable for rejection. Furthermore, the Supreme Court bench also said that the circumstances under which this appeal has been made is questionable and suspicious. At the same time, the SC bench concluded that this case was outside the jurisdiction of the Supreme Court. Based on all these evaluations, the Supreme Court Zambia rejected the appeal regarding Portland Cement and its ownership remains with Dr. Rajan Mahtani.