{"id":116240,"date":"2026-04-03T21:04:31","date_gmt":"2026-04-03T19:04:31","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimre-holdings-targets-continental-expansion-after-growth"},"modified":"2026-04-03T23:09:25","modified_gmt":"2026-04-03T21:09:25","slug":"zimre-holdings-targets-continental-expansion-after-growth","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimre-holdings-targets-continental-expansion-after-growth","title":{"rendered":"ZimRe Holdings Targets Continental Expansion After Growth"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>DIVERSIFIED financial services group, ZimRe Holdings Limited (ZHL) has made expansion into continental Africa, a strategic growth perspective for the group after strengthening its balance sheet and recording a 95% increase in cash flows.<\/p>\n

Part of ZHL\u2019s plans for the rest of the continent include the listing of its subsidiary, EmeritusRe International, on the Botswana Stock Exchange through a planned US$40 million capital raise, which as of January was still to be completed.<\/p>\n

This comes as ZHL reported a 196% increase in profit after tax to US$16,7 million for its financial year ended December 31, 2025, with all key operating units achieving profitability.<\/p>\n

Major contributors to this profit include life and pensions, property and local reinsurance.<\/p>\n

Supporting this was total income growing by 40% to US$122,16 million from the year prior, propelled by strong income growth from the short-term business, reinsurance cluster and the property business.<\/p>\n

So far, the group has highlighted regional markets Botswana, Zambia, Malawi and Mozambique as areas of interest.<\/p>\n

\u201cFrom a strategic growth perspective, the next phase of the group\u2019s evolution will also be anchored by a deliberate expansion into continental Africa, the Great Africa Trek,\u201d ZHL chairman Desmond Matete said.<\/p>\n

\u201cThe reinsurance cluster will be the cornerstone of this endeavour as it provides both scale and depth in support of the group\u2019s broader business interests, namely property, infrastructure and wealth management.\u201d<\/p>\n

The group\u2019s insurance service result increased by 154% to US$14,04 million last year, from US$5,53 million, owing to improved retention and underwriting strategies focusing on profitable business and diversified product offerings locally and regionally.<\/p>\n

\u201cWith a proven track record of regional expansion, ZHL is uniquely positioned to leverage its intellectual capital, technical depth, strengthened balance sheet and long-standing market relationships to drive this next stage of growth,\u201d Matete said.<\/p>\n

He said overall, the group\u2019s outlook for 2026 was positive.<\/p>\n

\u201cWith renewed operational momentum, strengthened financial performance and a clear continental expansion strategic pathway, ZHL is well positioned to unlock new growth opportunities, reinforce stakeholder value and advance its ambition of becoming a recognised PanAfrican brand, thereby delivering on its longstanding promise of security, growth and profitability,\u201d Matete exclaimed.<\/p>\n

Key drivers for the increase in profit were the robust topline growth, improved retention, lower expense ratios and balance sheet resilience.<\/p>\n

\u201cThe group\u2019s total assets grew by 43% to US$298,28 million, driven by a strong performance in financial assets at fair value,\u201d Matete said.<\/p>\n

\u201cThis growth was anchored by notable gains in the investment markets the group is directly invested in, namely the Malawi Stock Exchange through its Malawi-based operations and the Victoria Falls Stock Exchange through its investment in the Eagle Real Estate Investment Trust and other high-performing counters.\u201d<\/p>\n

He said the performance reflected the resilience and strength of the group\u2019s portfolio amidst favourable market conditions and had significantly supported the group\u2019s profitability.<\/p>\n

\u201cNet cash generated from operations improved by 95% ending the year at US$30,83 million from US$15,82 million, driven by cash inflows from insurance premiums and operational income from non-insurance businesses,\u201d Matete said.<\/p>\n

\u201cThe improvement demonstrates the group\u2019s strong cash collection capabilities in line with the Cash pillar of its three Cs Strategic Triangle [Cash, Customer and Change].\u201d<\/p>\n

As a result of the cash generation, cash and cash equivalents ended the year under review at US$19,37 million from the prior year\u2019s US$14,34 million.<\/p>\n

For More News And Analysis About Zimbabwe<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. DIVERSIFIED financial services group, ZimRe Holdings Limited (ZHL) has made expansion into continental Africa, a strategic growth perspective for the group after strengthening its balance sheet and recording a 95% increase in cash flows. Part of ZHL\u2019s plans for the rest of the continent include the listing of its subsidiary, EmeritusRe International, […]<\/p>\n","protected":false},"author":84,"featured_media":116239,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12],"tags":[19],"class_list":["post-116240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-zimbabwe"],"yoast_head":"\nZimRe Holdings Targets Continental Expansion After Growth - zimbabwe<\/title>\n<meta name=\"description\" content=\"DIVERSIFIED financial services group, ZimRe Holdings Limited (ZHL) has made expansion into continental Africa, a strateg ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimre-holdings-targets-continental-expansion-after-growth\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ZimRe Holdings Targets Continental Expansion After Growth\" \/>\n<meta property=\"og:description\" content=\"DIVERSIFIED financial services group, ZimRe Holdings Limited (ZHL) has made expansion into continental Africa, a strateg ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimre-holdings-targets-continental-expansion-after-growth\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-03T19:04:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-03T21:09:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2026\/04\/sm_1775250536.727826.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"809\" \/>\n\t<meta property=\"og:image:height\" content=\"561\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimre-holdings-targets-continental-expansion-after-growth#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimre-holdings-targets-continental-expansion-after-growth\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ZimRe Holdings Targets Continental Expansion After Growth\",\"datePublished\":\"2026-04-03T19:04:31+00:00\",\"dateModified\":\"2026-04-03T21:09:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimre-holdings-targets-continental-expansion-after-growth\"},\"wordCount\":570,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimre-holdings-targets-continental-expansion-after-growth#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2026\/04\/sm_1775250536.727826.jpg\",\"keywords\":[\"Zimbabwe\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimre-holdings-targets-continental-expansion-after-growth#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimre-holdings-targets-continental-expansion-after-growth\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimre-holdings-targets-continental-expansion-after-growth\",\"name\":\"ZimRe Holdings Targets Continental Expansion After Growth - 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