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Strive Masiyiwa’s Cassava faces debt scrutiny as Econet Zimbabwe plans to delist
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Strive Masiyiwa’s Cassava faces debt scrutiny as Econet Zimbabwe plans to delist
Cassava Technologies, the pan-African digital infrastructure group founded by telecom tycoon Strive Masiyiwa, is confronting fresh scrutiny from creditors in recent days as its most reliable cash generator moves toward going private.A November credit opinion from Moody’s Ratings downgraded Cassava to Caa2 and warned that the company’s interest coverage falls below 1.0 when Zimbabwe earnings are excluded. Put simply, the agency suggested Cassava …
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