The Chairman of Mahtani Group of Companies and the former Chairman Finance Bank, Zambia, Dr. Rajan Mahtani has shown his true intent with an investment of USD $150 million in Luapula province, Africa. The investment came through a partnership with the Sunbird Group, a UK based company.
The investment in being made in the form of a bio-ethanol plant which will use cassava as one of its basic inputs. Since the area of Luapula has an abundant supply of cassava, it would be easier for the factory to have its raw materials. Additionally, numerous job would be created with the development of this plant. Analysts consider that a total of 2, 000 direct jobs and 5, 000 indirect jobs would be required for the plant to operate in its initial stage. The plant will commence with its construction phase from November 2015.
Though this news has uplifted the moral of the locals, it is expected that soon the conspirators will begin to show their impact on this auspicious project. Recently, the name of Finance Bank Zambia was associated with Nitrogen Chemicals of Zambia Ltd., and it was claimed by former Chairman Finance Bank, Zambia, Dr. Rajan Lekhraj Mahtani intends to takeover NCZ through the debt trap.
The Chairman of Mahtani Group of Companies is also the former Chairman of Finance Bank, Zambia. Over the years, he has been constantly facing defamation because of his involvement in the Zambezi Portland Cement factory. Today, Zambia Reports, the Ventrilgia family, Sakwiba Sikota and Rupiah Banda have come together to great horrendous conspiracies. The task of the masterminds is to fabricate stories and Zambia Reports publishes the same with pride. However, as the date of hearing gets closer, the conspirators have started getting desperate in their acts. The bottom line is, Zambia will remain loyal towards the truth!