Property developer WestProp Holdings Limited plans to expand its operations into at least three African countries by 2030 as it scales its business beyond Zimbabwe.
The regional push comes as WestProp seeks to capitalise on the availability of long-term funding in other markets while also extending its footprint locally beyond Harare with three major projects in Chivhu and Bulawayo.
WestProp’s expansion strategy signals its ambition to become a leading regional property developer.
Speaking on the expansion plans, WestProp’s chief executive officer Ken Sharpe said the company will identify target countries “probably next year.”
“We want to become a regional group listed in Zimbabwe but operating across several African countries. We plan to be in at least three to five additional countries by 2030,” he said.
Locally, WestProp is targeting growth in multiple cities.
“We are scaling the company. We are not limited to two cities. By the end of this year, we will have identified at least three towns to enter in Zimbabwe,” Sharpe added.
In Bulawayo, WestProp is moving ahead with two major projects— a residential development and a shopping mall.
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“We are signing an agreement with Bulawayo for a project similar to what we did with Pomona City. Our partners, McCormick, were previously working with Terracota to develop Egodini Mall, but the project stalled. They have asked us to come in, and we believe WestProp has the solutions to implement it this year,” Sharpe said.
“We have submitted a proposal, and we are waiting to sign the documentation. If it gets approved, we will have two projects in Bulawayo—the residential and the mall.”
WestProp, listed on the Victoria Falls Stock Exchange, posted a 19% jump in revenue for the year ended December 31, 2025, rising to US$34,64 million from US$29,04 million in 2024.
“This growth was primarily fuelled by strong demand across key residential estates, including Pomona City Residential Estate (US$15,64 million), Pokugara Residential Estate (US$10,33 million), and Millennium Heights (US$4,25 million). Furthermore, the Group successfully diversified its income streams with new contributions from Electro Properties (US$3 million), West Development Company (US$1,22 million), and BrickFusion Manufacturing (US$0,19 million), underscoring both the resilience of the residential real estate market and strategic expansion initiatives,” board chairperson Michael Louis said in a statement accompanying the financial results.
Gross profit rose to US$15,65 million, up from US$11,15 million in 2024, a 40,4% increase, reflecting effective revenue generation despite higher costs of sales (US$18,99 million vs US$17,89 million). Other income also advanced to US$1,69 million, up from US$1,43 million, highlighting strengthened ancillary revenue streams.
