Scheme of arrangement pays off for Starafrica

STAR AFRICA Corporation (Starafrica) says it has shaved off more than $45 million in debt and finance costs, which had suppressed the company’s profitability, after it entered into a scheme of arrangement with creditors.

Advertisements

Joe Mutizwa, Starafrica board chairman

Subscribe to The Financial Gazette

This is premium content. Subscribe to read article.

Subscribe Today

Gain access to all articles. Subscribe Today.

Related posts

ICT, consumer stocks drive markets growth

Diversification buoys CBZ’s lending portfolio

Delta Corporation to step up cost cuts

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More