The Chairman of Finance Bank Zambia, Dr. Rajan Mahtani has big plans for FBZ in 2015. The year, 2015, started off with the news that most of the obligations for listing FBZ on the Lusaka Stock Exchange have already been met and it is only a matter of days before the people of Zambia can see the Finance Bank Zambia starting its share trade operations.
A Press Conference arranged by Dr. Rajan Mahtani in November 2014 also hinted that FBZ will opt for dual listing and its second target would be the Alternative Investment Market (AIM) of the London Stock Exchange. This agenda is also expected to complete by the second half of 2015 and by the end of this year FBZ will have an impressive result to highlight. The key areas would be:
- Completion of one year in Malawi- FBZ will complete its one year operation in Malawi on December 15, 2015. It had started its operation in 2014 with an intent to strengthen its expansion objectives.
- Active Share Trading status on LuSE- With just a few formalities left with the Securities Exchange Commission (SEC), it is hardly a matter of days before FBZ gets a green signal to start its share trade activities on the Lusaka Stock Exchange.
- Listing on Alternative Investment Market- London’s Stock Exchange will give FBZ a status symbol. With the facility of dual-listing, the option to trade on London’s Alternative Investment Market FBZ will become an A-segment public limited company in Zambia.