Economy

Investors Running Away from Mahtani’s Finance Bank

Loitta Group Chief Executive Officer John Chinyanta has revealed how he pulled out his investment from Rajan Mahtani’s Finance Bank shareholding because of problems with the dodgy shareholding structure. Addressing...

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Kaingu Calls for Dialogue with Striking Lecturers at CBU

Education minister Michael Kaingu has pleaded with striking lecturers at the Copperbelt University (CBU) to call off their class boycott and resume lessons, albeit calling their work stoppage illegal. Kaingu...

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Mahtani Sinks $10 Million into Sangwa’s Southern Province Chicken Farm

The embattled Finance Bank owner Rajan Mahtani has bankrolled his lawyer John Sangwa with over US $10 million for the construction of a chicken processing plant in Siavonga district. Sangwa,...

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How Zambia Can Benefit from Satellite Phone Communications

By Ken Grunski, BlueCosmo Satellite Communications Strategic Initiatives Executive The nation of Zambia has reportedly taken dynamic, innovative steps to advance its I.T. agenda and further invest in communication technologies...

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Eastern Province Tobacco Farmers in a Bind

A total of 10 tobacco farmers from the Eastern Province who trekked to Lusaka in search of a market for their crop are stranded in the capital city after hitting...

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Mahtani Offered $1m Bribe for Passport – Source

Zambian financier Rajan Mahtani has reportedly attempted to offer a $1 million bribe to law enforcement officials in order to release his passport, a well placed source tells Zambia Reports....

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Hichilema says Economy Has Collapsed

UPND president Hakainde Hichilema has charged that the recent fuel pump price increase signifies an economic collapse that will further inflict more pain on the Zambian people in terms of...

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Caveat Emptor: Uncertainty Surrounds Finance Bank Valuation

Following the arrest on criminal charges of Finance Bank Chairman Rajan Mahtani this past June 2, rumours began to circulate the business community that the controversial banker was seeking to...

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Mahtani Caught Up in Micro Finance Scam

The controversial former Chairman of Finance Bank Mr. Rajan Mahtani has been caught up in another scandal involving predatory lending, which in some cases has involved charging upwards of 60%...

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Darkness Coming as ZESCO Increases Load Shedding

ZESCO has intensified its load shedding programme and will be plunging Lusaka into darkness for longer hours, according to sources at the public utility. According to a company official statement,...

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