finance

StarAfrica’s assets double on revaluation gains

Advertisements 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…

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CBZ completes restructuring, impacts 347 staff roles

Advertisements 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. The financial services behemoth owns subsidiaries in banking, insurance, investments, wealth management, mortgages, retail finance and property. “This initiative has been a key component of…

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World Bank sets 10% inflation target for Zimbabwe

Advertisements THE World Bank says inflation in Zimbabwe is expected to moderate to 10 percent in 2025 due to the strengthening of the monetary stance. The 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…

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