Zambian tycoon Rajan Mahtani built a bank, lost a cement plant and sued Bob Diamond. He says he still has not been paid what he is owed.
Billionaires Africa | 21.05.2026 22:10
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.
