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Rajan Mahtani: banker, cement fighter, courtroom veteran

In 1986, a 38-year-old Zambian accountant of Indian origin named Rajan Lekhraj Mahtani did what no one of his background had done before: he started a bank. Not a foreign subsidiary. Not a state institution. A private commercial bank, built from scratch, in a country where banking had been the domain of either the government or colonial-era foreign lenders. He called it Finance Bank Zambia.Thirty-nine years later, he is still in the news. Still …
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Billionaires.Africa broke the news on Thursday, May 21, 2026.
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