Major headway in OK Zimbabwe rescue

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

OK Zimbabwe (OK Zim) has successfully raised US$20 million through a rights offer that was fully subscribed, marking a significant turning point in revamping the country’s largest grocery chain by store footprint.Early this year, the grocer announced an internal rescue plan that got shareholder approval to raise approximately US$30 million through a rights offer and…

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