DIVERSIFIED financial services group ZimRe Holdings is accelerating its regional expansion strategy, targeting broader continental markets as stronger cash flows and a firmer balance sheet bolster its pan-African ambitions.
The group reported a 95% surge in cash flow to US$30,83 million in the year-ended December 31, 2025, while total assets rose to US$298,28 million from US$208,08 million, supported by gains in investments on the Malawi Stock Exchange and the Victoria Falls Stock Exchange.
ZHL said reinsurance and wealth management would anchor its next phase of growth, with management identifying opportunities in southern Africa and building a presence in West Africa, including Côte d’Ivoire.
“As the South African economies grow, there are significant opportunities we see developing. Our ambition is to be ready and relevant with each cycle,” ZimRe group chief operating officer Chakanyuka Nziradzemhuka told businessdigest.
“Specific areas for growth and expansion are the Reinsurance and Wealth Management clusters.”
He said the group had made progress in Côte d’Ivoire as it seeks to grow market share in North and Central Africa.
“We can firmly confirm that … to date we have a functioning presence in Cote d'Ivoire,” Nziradzemhuka said.
The expansion drive comes as ZimRe seeks to unlock new growth opportunities, strengthen stakeholder value and position itself as a recognised pan-African brand.
- Zim tycoons elevate offspring to key roles
- Zim tycoons elevate offspring to key roles
- Bard Santner, Tetrad strike deal
- ‘Policy rate to drive CBZ revenue’
Keep Reading
Chairman Desmond Matete said the next stage of the group’s evolution would be driven by deliberate expansion into continental Africa, with reinsurance at the centre of the strategy.
“The reinsurance cluster will be the cornerstone of this endeavour as it provides both scale and depth in support of the group’s broader business interests namely property, infrastructure and wealth management,” he said in the group's financial results for the year-ended December 31, 2025.
Insurance contract revenue rose 33% to US$82,41 million during the period, with the local and regional reinsurance cluster and life and pensions business contributing 75% and 20% respectively.
ZimRe said environmental, social and governance standards were increasingly shaping its regional strategy, particularly in attracting international partners.
