Masholds eyes growth
SAMANTHA MADE
Mashonaland Holdings Limited (Masholds), Zimbabwe’s leading property investment and development firm, is positioning itself for accelerated growth on the back of the country’s projected 6% GDP expansion in 2025.
The upbeat economic outlook, driven by recovery in agriculture, mining, and services, was highlighted by the company’s board chairperson, Engineer Grace Bema, in the latest annual report.
Bema said the forecasted growth will provide a favourable environment for the group to implement its portfolio diversification and performance optimisation strategy.
“Zimbabwe’s economy is projected to experience a 6% GDP growth in 2025, up from 2% in 2024. The agricultural, mining and services sectors are expected to drive this recovery. The positive outlook is forecast to support the group in further realising its portfolio diversification and performance optimisation strategy,” Bema said.
She added that the company remains focused on pursuing its strategic growth plans while continuously improving operational efficiency and customer service delivery.
Masholds’ expanding property portfolio spans prime commercial, industrial, retail, and residential assets across Zimbabwe. This spread, Bema noted, positions the company to tap into the benefits of an improving macroeconomic environment.
In line with its commitment to socially responsible investing, the group is also expanding into the medical sector. “The investment into the hospital facility was in line with the group’s plans to achieve a balanced property portfolio, while also making socially responsible investments that enhance societal well-being,” Bema said.
During the 2024 financial year, the company completed and handed over the Van Praagh Day Hospital—an important milestone in its contribution to Zimbabwe’s health sector development.
In addition, several property development projects are progressing, including the Pomona Commercial Centre Development, Milton Park, and Chitedza House SME Centre. These initiatives, Bema stated, are central to the group’s ongoing growth strategy.
The Pomona Commercial Centre, a flagship project, was delivered at a total investment cost of US$14.6 million. The project was financed through a balanced mix of debt and equity, reflecting the company’s prudent capital management.
“As Zimbabwe’s economy continues to recover, Mashonaland Holdings is well-positioned to play a significant role in shaping the country’s economic future,” Bema said. “With our diversified portfolio, commitment to excellence, and focused growth strategy, we are poised to deliver sustainable returns and long-term value to our stakeholders.”
As confidence in Zimbabwe’s economic direction grows, Mashonaland Holdings is emerging as a key player ready to unlock opportunities and contribute meaningfully to national development.
