_Forward Everywhere_ *LATEST: Pick n Pay shuts down Chikanga, Dangamvura branches* *......The move comes after the company officially decided to stop its operations in Zimbabwe* Also Read Below: *OK Zimbabwe edges closer to US$30 miillion capital raise* Advertise with us WhatsApp +263 77 443 4698 Ngatibatane pa WhatsApp Channel 👇🏾 *View and Follow and Share this channel* https://whatsapp.com/channel/0029VaJEcyNDTkK81mXyWB0s Retail giant Pick n Pay is closing its Dangamvura and Chikanga branches in Mutare as economic environment becomes unsustainable for the sector. The move comes after the company officially decided to stop its operations in Zimbabwe. Few months ago, another retail giant, OK Zimbabwe was forced to take drastic measures to stay afloat including closing 20 branches across the country. Some of the affected blanches include Robson Manyika, Kuwadzana Express, Mbare, Chitungwiza Town Centre and Entumbane in Bulawayo. Also closing down branches across the country is N Richards Wholesalers. Experts say the decision is because of the country’s difficult economic situation. The country’s market is highly informalised with tuckshops and street vendors enjoying unfair advantage. ZwNews *OK Zimbabwe edges closer to US$30 miillion capital raise* OK Zimbabwe Limited has announced that its proposed capital raise of up to US$30 million has reached an advanced stage, with discussions nearing finalisation. This development was shared in a further cautionary announcement released on June 4, 2025, following an earlier advisory issued on May 2. In the statement, the company’s board of directors advised shareholders and the investing public that full details of the transaction will be disclosed in due course. The statement reads: Further to the cautionary announcement dated 2 May 2025, Directors of OK Zimbabwe Limited wish to advise shareholders and the investing public that discussions regarding the proposed capital raise in the sum of up to US$30 million are now at an advanced stage and are nearing finalisation. Further details will be announced in due course. The Company will then publish a circular to shareholders incorporating notice of an Extraordinary General Meeting of Members for the purpose of considering and approving the capital raise. Accordingly, shareholders and the investing public are advised to continue exercising caution when dealing in the Company’s shares. Further announcements will be made in accordance with regulatory requirements as and when there are material developments.