STARAFRICA Corporation (Starafrica) says it is exploring business prospects that could see the revival of its wholesale business unit, Red Star.
This comes as the wholesale market is a space that has been lucrative and has opened opportunities for various businesses.
For some time, analysts have been asking if there are any opportunities, whether they are for disposal of the asset to any interested party or resuscitation.
At the company’s annual general meeting, finance director Formai Myambuki said most of the properties owned when they were running Redstar are still there.
“We are looking into various business prospects that can be explored with these properties and they will be communicated when they are ready.
Red Star went into liquidation after its parent company, Starafrica, failed to raise funds to clear debts and inject working capital.
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