After concluding an agreement with ZETDC last month to ensure continuous power supply to the factory, Starafrica Corporation intends to recover 10% of production lost by accelerating export sales in t...
By Staff reporter | Published: 28 September 2019
SUGAR manufacturer starafricacorporation reported profit before tax of $0,5 million in the six months to September from a loss position of $1,3 million in the prior year, driven by a reduction in cost...
By Staff reporter | Published: 07 December 2018
SUGAR processor Starafricacorporation (Starafrica) has upgraded its machinery in a development that has positioned the company to target the regional export market, which it once dominated at the peak...
By Equity-Axis | Published: 19 July 2018
Starafrica has registered a steep rise in revenue despite experiencing significant balance sheet stress in the year to March 31 018. In a note to shareholders accompanying the financial results which ...
By Staff reporter | Published: 05 July 2018
THE Zimbabwe Asset Management Company (Zamco) has taken over Starafricacorporation Limited's $32 million debt owed to different companies.In 2016, at an extraordinary general meeting, Starafricacorpo...
By Staff reporter | Published: 05 July 2018
Struggling sugar producer Starafricacorporation (Starafrica) is eyeing a return to profitability in the near future after reducing its losses by more $2 million.The group's chairperson Joel Mutizwa sa...
By Staff reporter | Published: 02 July 2018
THE Zimbabwe Asset Management Company (Zamco) has snapped 58,34 percent of troubled sugar processor, Starafrica Corporation.In a joint statement yesterday, the two companies said the take over of a ma...
By Staff reporter | Published: 11 May 2018
Sugar producer Starafricacorporation has converted more than $46 million of the company's balance sheet. This was after creditors saw it fit to convert their debt into ordinary shares in the strugglin...
By Staff reporter | Published: 20 April 2018
Sugar producer Starafricacorporation says it is planning to venture into honey production and export markets as a way of increasing revenue streams and preserving shareholder value.The group's chairpe...
By Staff reporter | Published: 04 December 2017
Listed sugar refinery firm, starafrica corporation, has increased production capacity of crystalised sugar by 50 percent to 450 tonnes a day from 300 following the completion of its secondary plant up...
By Staff reporter | Published: 24 November 2017
Statutory pension fund, National Social Security Authority (Nssa), is set to increase its shareholding in Starafricacorporation (Starafrica).This was after the sugar producer said it wants to offer Ns...
By Staff reporter | Published: 28 August 2017
THE Joe Mutizwa-led board of starafricacorporation (starafrica) appears to be finally turning the corner in its quest to transform the fortunes of the beleaguered business, which has reported signific...
By Staff reporter | Published: 06 July 2017
1. SCHEME OF ARRANGEMENTThe Scheme of Arrangement between Starafricacorporation Limited (“the Company” or “Starafrica”) and its members and creditors (“the Scheme Members”), which was sanc...
By SACL | Published: 06 June 2014
The Scheme of Arrangement between Starafricacorporation Limited ("the Company" or "Starafrica") and its members and creditors ("the Scheme Members"), which was sanctioned by the High Court on 7 August...
By SACL | Published: 07 February 2014
Loss making sugar refinery Starafrica Corporation said on Thursday it has found new buyers for two main assets it is disposing as means to raise capital to pay off its debt, the New Ziana reported.In ...
By New Ziana | Published: 27 January 2014
1. SCHEME OF ARRANGEMENTThe Scheme of Arrangement between Starafricacorporation Limited ("the Company" or "Starafrica") and its members and creditors ("the Scheme Members"), which was sanctioned by th...
By SACL | Published: 23 January 2014
The Scheme of Arrangement between Starafricacorporation Limited and its lenders and creditors ("the Scheme") was overwhelmingly voted for at the creditors' meetings held on 5 June 2013. The Scheme was...
By SACL | Published: 27 September 2013
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
