Zamco to offload Starafrica shareholding by year-end

AdvertisementsTHE Zimbabwe Asset Management Corporation (Zamco) is planning to dispose of its 57,4 percent stake in Starafrica Corporation (Starafrica) before the end of the year, it has been learnt. Zamco took over Starafrica’s debt totalling $32 million in 2016. The debt was later converted to equity making it the sugar processor’s largest shareholder. “We have…