The news of the hour is that Finance Bank Zambia PLC continues to proceed with its listing on the Lusaka Stock Exchange (LuSE) and the locals will have a chance to own a stake in FBZ very soon. As opposed to a recent publication in Zambia Reports, there is no reason whatsoever for FBZ PLC to delist itself from the LuSE and every aspect of the listing process is operating with utmost harmony.
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Zambia faced a shock past week when it was notoriously declared by Zambia Reports that Finance Bank Zambia has withdrawn its listing process from the LuSE. However, on close inspection it was observed that the article was written with a view to create panic in Zambia and defame Dr. Rajan Mahtani. The name of the current President of Zambia, Edgar Lungu was also mentioned such that a rift between two of the most eminent personalities in Zambia can be created.
Zambian Eye, a resourceful online news network had also published the news of delisting in the first place. But, when it was realized that the news is fake, it immediately removed the content and presented an apology to the Finance Bank and Dr. Rajan Mahtani. Attached below is a screenshot of what the apology article suggested.
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