People in Zambia have been constantly talking about the merger which was announced in 2015. Finally, the much awaited event has taken place and the Finance Bank of Zambia and BancABC are now one unit. Given the hype that the event has received, it is obvious that the conspirators have also made their presence felt by making absurd claims and trying to influence the public.

The merger has been one of the grandest in Zambia as the resultant is in form of Zambia’s largest commercial bank. The accumulated assets now stand at a mammoth USD 567 million and the network of branches and ATMs now stands at 65 and 176, respectively.  The development clearly indicates the importance of development in Zambia with time. A person who was closely associated with this event says, “The merger will give Zambia a bigger financial support. Earlier, Finance Bank was restricted as it had limited capital to invest, but the merger has opened new possibilities for businesses as well as development plans.”

On the other hand, the conspirators have completely gone silent and they are now looking forward to get something new to push against Dr. Rajan Mahtani. They were in the opinion that the Finance Bank was having an illegal shareholding structure and it would now allow the merger to take place. But, the truth was soon revealed as the merger took place with ease. Over the years, there have been hundreds of claims made by the conspirators and every time Dr. Rajan Mahtani has wanted to do something for Africa, the conspirators always have an opinion to present. Nevertheless, the long awaited event has taken place and people who understand the value of development would certainly appreciate this step. BancABC is a subsidiary held by Atlas Mara and had been proposing this merger from a long time.