Dr Rajan Lekhraj Mahtani

Philanthropic Contributions By Dr. Mahtani Recognized, Awarded

The Forbes-FIN philanthropy and leadership roundtable conference for the year 2021 was successfully concluded. The event saw participation from several great personalities, businessmen, and visionaries from Africa. Dr. Rajan Lekhraj Mahtani was one of these personalities. Dr. Mahtani is a noted philanthropist and businessman from Zambia who was invited to the event as an honorary speaker. Unlike previous FIN conferences that took place in New York, this roundtable conference was held virtually as a result of the ongoing covid-19 pandemic. However, this did not dampen the spirit of the event that saw participation from international community members, spiritual leaders, religious leaders, political leaders, entrepreneurs, media partners as well as international investors.

Another event that increased the popularity and success of the FIN event was the addition of the Forbes ‘Best of Africa’ award ceremony. The best of Africa awards are among the most prestigious and notable leadership and philanthropy awards across the globe. The awards are given to leading lights in the field of business, philanthropy, and leadership. Furthermore, the Forbes ‘Best of Africa’ awards hold a high reputation due to their association with Forbes, a leading magazine across the globe. Forbes is known for generating world-famous lists and rankings and therefore, the Forbes ‘Best of Africa’ award winners receive significant national and international exposure. Similarly, both Forbes and FIN go through a rigorous yet transparent process for selecting the recipients. The process involves verification processes and background checks that go on for months. This is followed by individual interviews and discussions with the potential recipients regarding their views on philanthropy as a means to achieve long-term empowerment across the African nation.

Dr. Rajan Lekhraj Mahtani was not only invited to the FIN event as an honorary speaker but he was also selected for one of the Forbes awards. Forbes recognized the contributions of Dr. Rajan Mahtani towards redefining the banking sector of Zambia and conferred him with the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021.

Dr. Rajan Mahtani

Dr. Mahtani Receives Global Award For Philanthropic Contributions

The year 2021 was significant for Dr. Rajan Mahtani, a noted businessman and philanthropist from Zambia. While the year saw several challenges because of the ongoing Covid-19 pandemic, there were several positive aspects. For instance, the economy and society saw improvement. Even though the African nation was impacted in the wake of this covid-19 attack, it was not as severe as some of the more developed and western nations faced. At the same time, the impact gave time for businesses and industries to retrospect and focus on the things that are valuable for the coming future. This was the theme for the 2021 Forbes-FIN (Foreign Investment Network) that was held recently in Africa. While the roundtable conference usually takes place in New York, this year’s event was held virtually to comply with the Covid-19 restrictions. Members participated from their respective locations and the members included international business communities, spiritual leaders, opinion leaders, political leaders, religious leaders, policymakers, international investors as well as media partners. Mark Furlong anchored this event. Mark Furlong is the present founder and publisher of the FAM (Forbes Afrique Media) and Forbes International. Dr. Rajan Lekhraj Mahtani was invited to this event as an honorary speaker and discussed the significance of healthcare leadership in difficult situations such as this. His ideas were praiseworthy.

Another critical event attached with the Forbes-FIN philanthropy roundtable conference was the Forbes ‘Best of Africa’ awards ceremony. The awards recognize and celebrate leading lights in the field of philanthropy and empowerment. The awards go to those visionaries with significant long-term investment and vision towards philanthropy to achieve long-term empowerment of the African nation. Dr. Rajan Mahtani was recognized by Forbes for his significant contributions towards redefining the banking sector of Zambia. He was awarded the Forbes ‘Outstanding Entrepreneur of the Year’ award in 2021. This award was a recognition for Dr. Mahtani’s significant business, economic as well as philanthropic contributions over the years. Dr. Mahtani accepted the award in a humble manner.

Dr. Rajan Lekhraj Mahtani Wins Notable Award By Forbes

Dr. Rajan Mahtani

After many years of selfless dedication and passionate services towards the Zambian people, Dr. Rajan Mahtani’s philanthropic, charitable and business contributions were finally recognized. It was during the FIN (Foreign Investment Network) philanthropic and leadership roundtable conference. The event saw participation from businesses, industrialists and visionaries. It was an online event wherein members participated from their respective locations. Dr. Rajan Mahtani was invited in this event as an honorary speaker and participated from Zambia. Despite being an online event, the forum saw participation from members of international business communities, entrepreneurs, spiritual leaders, political leaders, opinion leaders, international investors, businesses and media partners among others. The roundtable conference majorly focused on the topic of philanthropy and leadership to achieve long-term empowerment of the African nation. Apart from that, this roundtable conference also included a platform for collecting financial support and capital for numerous small and medium scale private projects across the African subcontinent.

Another reason for the extreme popularity and anticipation of the FIN leadership and philanthropy award was the Forbes ‘Best of Africa’ awards ceremony. The award ceremony by Forbes was a part of the philanthropic roundtable conference and increased its value many folds. The ‘Best of Africa’ awards is a highly anticipated and among the most regarded philanthropic awards in Africa. The award recognizes and celebrates visionaries and entrepreneurs with significant investment and long-term vision towards philanthropy and empowerment of the African nation. The award recognized several visionaries and entrepreneurs, and Dr. Rajan Lekhraj Mahtani was one of them. In fact, Dr. Rajan Mahtani was the only businessman from entire Zambia who was conferred with one of the Forbes ‘Best of Africa’ awards apart from being invited in the FIN event as an honorary speaker. Forbes recognized the numerous philanthropic and charitable contributions from Dr. Rajan Lekhraj Mahtani and awarded him with the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021. A major reason behind this award was Dr. Mahtani’s contributions towards redefining the banking sector of Zambia.

Dr. Mahtani Selected By Forbes Connect For Philanthropy Award

Dr. Rajan Lekhraj Mahtani was recently awarded with the Forbes ‘Best of Africa’ award. This award ceremony was conducted during the annual Forbes-FIN philanthropic and leadership conference. The annual conference is generally held in New York. However, this year’s conference was held online with members participating in this event from their respective locations. Dr. Rajan Mahtani was invited in this event as a honorary speaker and spoke about the importance of leadership in healthcare. The Forbes-FIN philanthropy and leadership is one of its kind event which members participating from various segments. Members included international business communities, spiritual leaders, political leaders, policy makers, entrepreneurs, businesses, international investors as well as media partners. The event provided a platform wherein individuals brainstormed to find philanthropic and leadership solutions for achieving long-term empowerment across African nation.

Apart from the FIN leadership and philanthropic event, the hype was also around the Forbes ‘Best of Africa’ award ceremony. This award ceremony is known to identify and celebrate individuals with significant, long-term philanthropic contributions. The award ceremony and the awards itself hold special significance. They are produced and authored by Forbes, one of the top business magazines across the globe. As such, the awards provide significant brand value and exposure for the recipients. Furthermore, the recipients of the awards are selected after a stringent process of selection. The selection process comprises of several rounds of verification, background checks as well as interviews and discussions with the potential recipients regarding the views on philanthropy and leadership as a means to achieve long-term empowerment with the nation. Dr. Rajan Mahtani was identified by Forbes for his significant contributions towards the Zambian banking industry and redefining it. With this, Forbes presented Dr. Rajan Lekhraj Mahtani with Forbes ‘Outstanding Entrepreneur of the Year’ award.

Dr. Rajan Mahtani achieved this award for his philanthropic as well as business contributions. Some of these achievements include Prison Fellowship Zambia as well as Stephen Malama award and scholarship for top law graduates in Zambia.

Dr. Rajan Lekhraj Mahtani

Dr. Rajan Lekhraj Mahtani Wins ‘Outstanding Entrepreneur Of The Year’ Award

Dr. Rajan Lekhraj Mahtani was recently bestowed with one of the most prestigious business awards in Africa. This award ceremony is known as ‘Best of Africa’ awards and is given by Forbes in partnership with FIN (Foreign Investment Network). Forbes-FIN partnership recognise the contributions of businesses, leaders and philanthropists towards significant, outstanding and long-term contributions towards development of the African nation. The award ceremony is held during the annual Forbes-FIN leadership and philanthropy roundtable conference. This year’s roundtable conference was held online due to the ongoing pandemic and from Zambia, Dr. Rajan Mahtani was invited as a honorary speaker.

Dr. Rajan Mahtani was recognised for his significant business and philanthropic contributions and was given the prestigious Forbes ‘Outstanding Entrepreneur of the Year’ award by Forbes. Dr. Rajan Mahtani is the Group Chairman of Mahtani Group. The company was established in 1981 in Zambia and quickly became one of the biggest conglomerates across Africa. The company expanded its operations to numerous geographies including Malawi, South Africa and several other international locations such as United Kingdom. Furthermore, the company also expanded its functions to different sectors such as Insurance, Mining, Financial Services, Agriculture, Real Estate and Energy. Across each of these sectors, Dr. Rajan Mahtani’s contributions towards upliftment and development have been numerous.

Apart from his business ventures, the philanthropic and charitable contributions from Dr. Rajan Mahtani have also been significant. Most of these contributions are often hidden from the general public. Dr. Rajan Mahtani founded the Prison Fellowship Zambia and is the current Chairman of the program. This program is affiliation to the PFI (Prison Fellowship International) in Washington DC and focusses on welfare of the inmates, ex-inmates and their families. The program also advocates fair and transparent criminal justice procedures. Furthermore, Dr. Rajan Mahtani also contributed to education sector with launch of the Stephen Malama award in 2013 which presents scholarship for top law graduates in Zambia.

Dr Rajan Mahtani

Forbes And Fin Present ‘Best Of Africa’ Awards 2021

The Forbes-FIN Philanthropy and Leadership roundtable conference was recently completed in Africa. Due to the ongoing coronavirus pandemic, the roundtable conference was held online unlike the usual scenario wherein the event is held in New York during the United Nations convention. Nonetheless, it was one of the most important business and corporate events across Africa and saw participation from several personalities from diverse fields. The event saw participation from policy makers, members of international as well as national business communities, opinion leaders, politicians, entrepreneurs, religious leaders as well as international investors. Mark Furlong who is the publisher & founder of the FAM (Forbes Afrique Media) and Forbes International anchored the event. Dr. Rajan Lekhraj Mahtani was one of the honorary speakers during the event.

One of the main highlights of the event was the Forbes ‘Best of Africa’ award ceremony. Analysts already slated this event as one of the biggest & most prestigious events in Africa. The award ceremony celebrated the significant personalities who continuous provide positive influence and contributions across business, leadership, political as well as economic landscape across Africa. The Forbes ‘Best of Africa’ awards hold further significance as it is given after months of exhaustive and intense research followed by thorough verification process by Forbes and FIN.

Dr. Rajan Mahtani was not only one of the honorary speakers during the event, he also received one of the prestigious ‘Best of Africa’ awards. Dr. Rajan Mahtani was presented with the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021 for his contributions towards Zambian economy as well as redefining the financial industry of Zambia. Dr. Rajan Mahtani’s company Mahtani Group has established its base across several sectors such as energy, mining, real estate, agriculture, insurance and finance. Across all these sectors, Dr. Mahtani has created job opportunities and growth for the provinces. Also, Dr. Mahtani has made significant philanthropic contributions over the years including founding the Prison Fellowship Zambia and the Stephen Malama award giving scholarships to law graduates.

Dr. Mahtani & Zambia

Dr. Rajan Mahtani Hires International Law Firm Omnia Strategy

Dr. Rajan Lekhraj Mahtani recently hired international law firm Omnia Strategy to pursue a damage claim. Dr. Mahtani is a noted businessman and philanthropist in Zambia with numerous successful businesses under his name. Some of his top companies are Mahtani Group of Companies and Finsbury Investments. Dr. Rajan Mahtani owned Finance Bank Zambia previously entered into an agreement with Bob Diamond owned Atlas Mara. This was a share sales & purchase agreement in which majority shares of the Finance Bank Zambia was taken over by Atlas Mara for specific sum. According to the claim established by business tycoon Dr. Mahtani, Bob Diamond has failed to make the payment against the majority shares and therefore, have breached the agreement terms.

Atlas Mara was a bold banking venture floated by businessman and former boss of the Barclays bank, Bob Diamond. The objective of floating this company was to transform it into banking giant in Africa and achieve market leadership. To achieve this objectives, several acquisitions and joint ventures were made along the way and Finance Bank Zambia was one of them. Despite these acquisitions, the shares of Atlas Mara remained on the lower side for a long time.
The claim from Dr. Rajan Mahtani comes at a time when Atlas Mara is retreating its business from Africa and Zambia, majorly by selling its business parts to the Access Bank. Bob Diamond himself is a controversial business tycoon who came into negative limelight in the year 2012 when he had to step down from the position of CEO (Chief Executive Officer) of the Barclays Bank after the infamous Libor-rigging scandal.

As per Atlas Mara representatives, all claims against the company are invalid and fundamentally weak. On the other hand, reports have indicated that along with Dr. Mahtani, several other investors have now pursued damages claim against Atlas Mara to the tune of 100 million pounds. Dr. Rajan Mahtani is confident that with its expertise and experience, Omnia Strategy will not only present the case to the London High Court, but also win the case.

Kenneth Kaunda

Dr. Mahtani In His Eulogy Urged Zambians To Follow The Path Of Righteousness

Entire Zambia is reeling with the loss of its first ever president, Kenneth Kaunda. Dr Rajan Mahtani is a noted businessman and philanthropist in Zambia with more than three decades of business experience. He is also known to Zambians as a notable philanthropist and charity worker. Dr. Mahtani and Dr. Kenneth Kaunda shared a deep bond with involves their similar philosophical views. Dr. Mahtani’s father, late Lekhraj Mahtani, was instrumental in helping Dr. Kaunda in his fight for Zambian independence. Late Lekhraj Mahtani was a councillor based out of Ndola area and provided significant support and collaboration which helped Dr. Kaunda in achieving his vision.

These qualities can be seen in Dr. Mahtani too who has taken the traits of his esteemed father as well as the ‘Father of the Zambian Nation’ Despite facing several allegations and baseless rumours, Kenneth Kaunda was able to work with integrity and honesty all his life. He was also known to be a lively person who enjoyed his life to the fullest. In a similar manner, Dr. Mahtani continued to work towards the betterment of the Zambian nation despite the various rumours and unethical claims against him. Dr. Mahtani and Dr. Kaunda share a special bond as Dr. Mahtani’s father, late Lekhraj Mahtani provided significant support and collaboration to Dr. Kaunda which helped him in his goal of uniting the Zambian nation. Kenneth Kaunda is credited for uniting more than 73 tribes across Zambia which resulted in Zambia being recognised as a nation in the world map. During his tenure as the President, Kenneth Kaunda worked towards improving the lives of the common citizens and work towards developing the nation’s infrastructure, political alliances and economy prosperity.

It is now time to take this legacy forward by dedicating towards the nation in the same zeal and passion. Businessmen like Dr. Mahtani are already working towards the Zambian nation and others should follow suit.

Claims By Ventriglia Family Regarding Portland Cement Factory Rejected By Supreme Court

Dr. Rajan Lekhraj Mahtani is a noted businessman and philanthropist in Zambia with several successful companies in his portfolio. He is the owner of Finsbury Investments and Mahtani Group of Companies among others. Despite having a successful business empire, Dr. Rajan Mahtani continues facing challenging when establishing new businesses. One of the examples is the case of Portland Cement Zambia for which, ownership battle went for more than a decade. The higher Court of Appeal reversed the decision from the previous Lusaka High Court and announced Dr. Mahtani as the majority shareholder and legal owner of the factory.

Despite this transparent decision, the higher Court of Appeal’s decision was once again challenged by the Ventriglia family. An appeal was made at the Supreme Court Zambia and a bench of three SC judges was established for evaluating this claim. After evaluation, the Supreme Court bench gave the verdict that the claim from the Ventriglia did not qualify due to technical and legal aspect. The Ventriglia family was required to submit its appeal against previous court decision within 14 days of the court verdict itself. Since the verdict from the higher Court of Appeal came on 31st January 2019, the, Ventriglia family failed to comply with this critical legal requirement and submitted their case only after 1.5 years of the higher Court of Appeal’s decision. Based on this aspect alone, the claim by the Ventriglia family is liable for rejection. Furthermore, the Supreme Court bench also concluded that the circumstances surrounding the claim were questionable and the Ventriglia family was unable to provide any relevant evidences for establishing their ground on the claim. As a result, the Supreme Court bench concluded that they did not have any jurisdiction over the claim by the Ventriglia family which is liable for rejection. Based on these evaluations, the Supreme Court bench concluded that the claim from the Ventriglias related to Portland Cement case should be rejected.

Dr Rajan Mahtani

Announcement By Supreme Court Comes Shortly After Claim Made By The Ventriglia Family

The Supreme Court Zambia recently made its final say on the surprising claim made by the Ventriglia family. This claim was pertaining to Portland Cement Zambia, a cement-manufacturing factory whose ownership is disputed for a long time. Even though the ownership pattern was finalised more than a decade ago, it was continuously being disputed for ownership. As a result of this dispute, Portland Cement Zambia factory suffered significant challenges and loss of investment as well as financing opportunities. Dr. Rajan Mahtani approached the Lusaka High Court for quick decision but the decision that came a decade later was misdirected to say the least. In the month of May, 2018, justice Nkonde announced that the Ventriglias were only shareholders of the Portland Cement Zambia.

Dr. Rajan Mahtani was able to successfully challenge this decision at the higher Court of Appeal. On 31st January 2019, justice Mwinde on behalf of the higher Court of Appeal reversed the previous decision from the Lusaka High Court and announced that Dr. Rajan Mahtani indeed is the majority shareholder and legal owner of the Portland Cement Zambia factory. After this decision, the Ventriglia family once again challenged the decision from the higher Court of Appeal by taking it to the Supreme Court Zambia. A bench of three Supreme Court judges was established for evaluating this claim. These included judge Royda Kaoma, Judge Michael Musonda and Judge Mumba Malila. The Supreme Court bench revealed that the Ventriglia family failed to comply with a critical legal requirement according to which all claims against previous court cases must be submitted without 14 days of the court decision itself. However, the claim by the Ventriglia family came only after 1.5 years of the decision. As such, the Supreme Court bench concluded that the claim by the Ventriglia family was beyond the jurisdiction of the Supreme Court Zambia and therefore, was effectively rejected by the SC.