OK Zimbabwe seeks to raise US$30 million

OK Zimbabwe Limited, one of the country’s largest retail chains, was recently placed under voluntary corporate rescue

Advertisements OK Zimbabwe (OK Zim) plans to raise US$30 million through a combination of a rights issue, private placement and debt instruments, which will be channeled towards recapitalisation.This comes as the company has been experiencing operational and ­financial difficulties, which it attributes to “endogenous and exogenous factors,” driven by a challenging operating environment.“The initiative is…

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