FINANCIAL services firm Zimre Holdings Limited (ZHL) is to inject substantial capital expenditure (capex) into strategic investments in 2025, driving growth and expansion.
In 2024, the group’s total assets reached US$208 million, a 14% rise from the prior year, showcasing a strong asset base augmented by investment property and equity investments.
Meanwhile, net cash generated from operations increased by 51% to US$15,82 million, driven by effective working capital management strategies aimed at cash collection.
Sustainability-driven investments remain a core pillar of ZHL’s strategy.
Chief operating officer, Chakanyuka Nyikadzemhuka, told businessdigest that a significant portion of the capex would be allocated towards the Eagle Real Estate Investment Trust (REIT) project, aiming to raise US$62 million in capital.
The Eagle REIT project, which commenced last year, is expected to be completed in 2026.
“In terms of our capex for 2025, I would perhaps look at this more with respect to capital expenditure that is not necessarily operational but more of the investable, strategic capex that we are intending to deploy,” Nyikadzemhuka said.
“So, we have the Eagle REIT project, which is still underway. It started last year. The overall target for that has been to hit a US$62 million capital raise.”
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“We have achieved more than 60% of that now, through private placements and market engagement. We are quite grateful for the market support in terms of those specific projects.
“We are expecting to conclude them in 2026. Part of the deployment of this capex is to say, if we spend about US$15 million to US$20 million towards those specific projects that would be good for us.”
In addition to Eagle REIT, ZHL subsidiary Zimre Property Investment will continue to develop housing projects, including the Selborne Park development in Bulawayo, where approximately US$1 million was invested.
Some of ZHL’s capex will be spent on acquisitions.
“We do not have a specific figure yet, but over and above, you will see some announcements and notifications as they come through,” Nyikadzemhuka said.
He did not disclose any figures.
Nyikadzemhuka added that the company had met most of its minimum capital requirements and was looking to deploy more resources to drive growth.
“As regards the competitive capital and asset growth plan, that speaks more to our regional operations. The competitiveness of the capital is over and above the minimum required capital. We meet all those requirements in those markets,” he said.
He added that ZHL wanted to deploy more resources into competitive markets with capital and acquisitions.
The company is targeting complementary assets, including infrastructure projects such as mixed use developments, retail infrastructure and hospitals.
“What sort of assets are we targeting? I think complementary assets to our existing portfolio — that is one of the target areas,” he said.
“We are also looking to develop more interest in infrastructure — not necessarily housing, but mixed use setups, retail infrastructure, and hospital settings. We are also exploring that through the REIT.
“We are considering potential partnerships with key stakeholders. We have not yet defined a strategic path for that, but infrastructure pertaining to health, water, and energy are also areas where we aim to grow our asset portfolio.”
