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OK Zimbabwe’s Bank-Backed Rescue | Zimbabwe News
OK Zimbabwe is back on track—sort of. After months of cash-flow chaos, branch closures, and supply chain breakdowns, major suppliers like Nestlé and National Foods are now delivering again… but not because the company fixed its finances. Instead, local banks are stepping in with guarantees, shifting the risk from OK Zimbabwe to the financial institutions. This means suppliers aren’t trusting the company’s ability to pay—they’re betting on the banks. A $20 million rights issue last year didn’t solve the core problem either; it just deferred old debts while new supplies rely on shaky…
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