Economy

PACRA Official Testifies Against Mahtani’s Cement Shares Fraud

The controversial former banker Rajan Mahtani failed to follow procedure and never presented original share transfer certificates for his disputed claim of shares in Zambezi Portland Cement, according to a...

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UNZA Don Praises Forbes For Ranking Zambia 7th Best African Business Spot

UNIVERSITY of Zambia (UNZA) lecturer Euston Chiputa says the ranking of Zambia as seventh best country in Africa for doing business is commendable. Dr Chiputa said the ranking means that...

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Atlas Mara’s Purchase of Finance Bank Hits Stalemate

The beleaguered former banker Rajan Mahtani seems to not be having a very merry Christmas, as the sale of his business Finance Bank of Zambia Ltd to Atlas Mara for...

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Mahtani Continues to Falsely Claim Ownership of Finance Bank

The fallen former banker Rajan Mahtani has continued to present himself publicly as the owner of Finance Bank of Zambia Ltd. (FBZL) despite having sold all his shares months ago,...

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Dangote Selling Stolen Cement Below Value to Dodge Taxes – Source

A scheme has been uncovered in which the Indian managers at the Nigerian-owned Dangote Cement company are allegedly colluding with local distributors to steal cement and sell it below the...

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Zambezi Portland Cement Doesn’t Owe Dangote – Court Docs

A new legal dispute has come before the Lusaka courts as two of the top cement producers clash over a purchase deal. Dangote Industries Zambia Ltd., a newcomer to Zambia...

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Mahtani May Lose Radisson Blu

The disgraced former banker Rajan Mahtani may be in danger of losing his controlling interest in the Radisson Blu Hotel, according to sources close to the management. Mahtani first came...

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Post Newspapers Face Staggering Debts

One of Zambia’s largest private media firms may be on the brink of bankruptcy over unpaid taxes and a series of large debts. According to an investigation, the Post Newspapers...

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Zambia’s Inflation Nears 20% In November

ZAMBIA’S inflation is 0.5 percent less the 20% ceiling after dropped further to 19.5 percent in November from 14.3 percent recorded last month. The increase has been attributed to the...

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Scandal: Mahtani Accused of Bribing Judge to Escape Criminal Charges

The controversial businessman Rajan Mahtani has again escaped accountability before the law today, as a High Court judge ruled to dismiss two criminal charges of forgery against him on the...

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