Zambia has seen many businessmen come and go over the years. However, one businessman, Dr. Rajan Mahtani, has been able to successfully build his empire in spite of the various roadblocks. He is a noted individual and popular among industrialists. His companies like Portland Cement Zambia and Finance Bank Zambia have provided employment opportunities to hundreds of people across various communities. At the same time, his charitable and development works ensure that the welfare of Zambian citizens is done in a continuous manner.
Finance Bank Zambia was established by Dr. Mahtani and followed the path of honesty and integrity. The bank quickly became one of the favourite banks of Zambia. However, things have changed since its merger with the BancABC (African Banking Corporation Zambia Limited). While Finance Bank Zambia was handed over with good intentions, the scenario at the new employer is different. Various sources have confirmed that the employees of Finance Bank are not happy with their new employer. It has been found that the terms of new employment given to the employees have not been as per their will. Also, the employees have not been shared appropriate knowledge regarding the terms of employment and as a result they are not ready to sign them. At the same time, BancABC has been forcing the Finance Bank employees to either sign the new employment agreement or resign from their posts. Many employees have signed the contract with the fear of losing their job. At the same time, it was also found that employees who resigned from their new employer were not given any severance package yet. This is a truly diminished picture of the bank, which was once a premier Zambian bank.
The labour ministry is has given many warnings to BancABC to improve its functions. Dr. Rajan Mahtani has also shared his concerns for the bank. It is to be seen whether BancABC improves its conscience and looks for the human resource of its organization.