LIVINGSTONE MARUFU
ZimRe Holdings Limited (ZHL), a diversified investment conglomerate, has spent approximately US$61m to develop structures on its land in Mazowe and Victoria Falls, Business Times can report.
The development was confirmed by ZHL Group CEO, Stanley Kudenga.
“In Mazowe, we have invested in excess of US$12m to build various structures which will change the landscape of the area. There will be trade centres, healthcare facilities, retail facilities among other developments and we are 11% complete,” Kudenga said.
He added:” The Victoria Falls project is at its infancy, but we have initially invested over US$49m on the development of various projects.”
He said the Victoria Falls projects have commenced but are still on the development stage.
Kudenga said ZHL has shifted its focus on investments to the development of national landmark projects and infrastructure.
Additionally, the ZHL group wants to strengthen its underwriting capabilities and bolster its regional investments.
Zimbabwe’s country risk will be further hedged, the company claimed, by expanding into new markets in the region through the operationalization of Emeritus International.
The group is advancing its infrastructure and landmark development drive with projects that will bring cutting-edge green practices to the country while generating long-term benefits for the communities and shareholders.
With its newly adopted Eagle Culture, ZHL will pursue its growth triangle of Cash, Change and Customer this year.
