Econet Wireless Zimbabwe Limited is proposing a renounceable rights offer to raise approximately USD 30.3 million to redeem debentures maturing on 30 April 2023, addressing a shortage of foreign currency for debt obligations. Shareholders may subscribe using United States Dollars or existing debentures, with major shareholders committing to their rights and TN Asset Management underwriting the remaining USD 13 million balance subject to regulatory and shareholder approvals.

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