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Home » Major headway in OK Zimbabwe rescue
Companies & Markets

Major headway in OK Zimbabwe rescue

written by Kudzanai Gerede, Companies and Market Editor 0 comments
OK Zimbabwe has closed 11 stores, which were no longer viable.
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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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