OLD Mutual Investment Group Zimbabwe recorded a 9,22% increase in assets under management (AUM) to ZAR22,5 billion (US$1,34 billion) for the financial year ended December 31, 2025, driven by a strategic focus on green economy, infrastructure, and high-impact investments.
The increase marks a rise from ZAR20,6 billion (US$1,22 billion) recorded in the prior year.
TThe growth underscores rising investor confidence and highlights the firm’s shift toward sustainable, infrastructure-backed assets at a time when Zimbabwe faces energy shortages and limited long-term financing for development projects.
In a statement accompanying its Sustainability Report 2025, Old Mutual Limited (OML) said the Zimbabwe unit remains the country’s largest investment management firm.
“Old Mutual Investment Group Zimbabwe (Private) Limited AUM: R22,5 billion (2024: R20,6 billion). We remain the largest investment management company in Zimbabwe,” the group said.
The firm offers diversified investment options through five specialised portfolios: alternative investments, select equities, core equities, interest-bearing assets, and property investments.
On infrastructure investments, the group highlighted progress in key energy projects. It noted that Centragrid has begun commercial operations and has already exported 36,5GWh to the national grid, although the plant is yet to be officially commissioned. The facility is the country’s largest utility-scale solar photovoltaic plant.
The Great Zimbabwe Hydro Project also commenced commercial operations in November 2024 and is awaiting formal commissioning. To date, it
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has generated 35GWh of electricity.
Through its Renewable Energy Fund, the group deployed US$3,9 million in 2025 towards approved projects, bringing total disbursements to US$4,8 million.
Key investments include a 750kW solar plant for a Bulawayo hospital aimed at ensuring uninterrupted critical care, and a 10MW grid-tied solar project in Mashonaland Central province. The latter includes a community share ownership scheme, allowing local communities to benefit directly from dividends.
The group said it is also developing additional projects, including another 10MW grid-tied solar plant and a 15MW hydropower station, as part of efforts to boost electricity generation.
OML said it offered market-relevant investment propositions and occupied market-leading positions in Malawi, Namibia and Zimbabwe, where it implemented responsible investment practices.
This is done by leveraging the group’s capabilities.
“We continue focusing on developing the green economy, infrastructure provision, and high socioeconomic impact investments through our alternative investment portfolio,” OML said.
“This has translated into investments in solar, wind, and hydroelectricity-generating infrastructure, housing, and student accommodation, among others.”
Old Mutual Investment Group Zimbabwe (Private) Limited is a subsidiary of Old Mutual Zimbabwe, which in turn is one of several subsidiaries owned by Old Mutual (Africa) Holdings Proprietary Limited. Old Mutual (Africa) Holdings Proprietary Limited is owned by
OML.
