finance

Unifreight optimistic about growth

UNIFREIGHT Africa expects its Fourth-Party Logistics (4PL) division to drive business growth in the short-term.The chief executive, Richard Clarke, cited improved fleet management, cross-border operations, and the expansion of its 4PL unit as key drivers.“Looking ahead, Unifreight Africa is well-positioned to deliver commendable end-of-year results, supported by continued growth in cross-border operations and increased contributions…

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StarAfrica’s assets double on revaluation gains

STARAFRICA Corporation (StarAfrica) says the value of its property, plant, and equipment (PPE) increased by 103 percent to ZiG264,71 million for the six-months to September 30, 2024 from ZiG130,4 million as of March 31, 2024 reflecting its strategic focus on enhancing its operational infrastructure.The increase in PPE was largely driven by a revaluation surplus of…

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CBZ completes restructuring, impacts 347 staff roles

CBZ Holdings says it has completed a restructuring exercise aimed at improving efficiency and ensuring long-term sustainability, impacting 347 staff roles out of a total workforce of 1 448.AdvertisementsThe financial services behemoth owns subsidiaries in banking, insurance, investments, wealth management, mortgages, retail finance and property.“This initiative has been a key component of our broader efforts…

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World Bank sets 10% inflation target for Zimbabwe

THE World Bank says inflation in Zimbabwe is expected to moderate to 10 percent in 2025 due to the strengthening of the monetary stance.AdvertisementsThe Bretton Woods institution said high inflation and rapid exchange rate depreciation have historically constrained economic growth and reduced the competitiveness of local firms.The World Bank said over the medium term, inflation…

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