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Econet, EcoCash shareholders approve rights issue

THE shareholders of Econet Wireless Zimbabwe and EcoCash Holdings Zimbabwe Limited have approved resolutions allowing the companies to raise US$30.3 million each, to redeem shareholder debt (debentures) extended five years ago to service loans and fund the company’s expansion. The resolutions were passed at extraordinary general meetings (EGMs) held separately on Monday, and were passed…

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