馃嚳馃嚰ZimbabweSouthern Africa
WestProp targets three regional markets in expansion drive
via NewsDay Zimbabwe5 min read
WestProp Holdings Limited, a property developer, plans to expand its operations into at least three African countries by 2030. This regional expansion aims to leverage long-term funding available in other markets. Additionally, WestProp intends to extend its local footprint beyond Harare, with three major projects planned for Chivhu and Bulawayo. Ken Sharpe, WestProp's chief executive officer, stated that target countries for regional expansion would likely be identified next year, with the goal of operating in three to five additional countries by 2030. Locally, the company expects to identify at least three new towns to enter in Zimbabwe by the end of this year. In Bulawayo, WestProp is pursuing two significant projects: a residential development and a shopping mall. The company, listed on the Victoria Falls Stock Exchange, reported a 19% increase in revenue for the year ended December 31, 2025, reaching US$34.64 million, up from US$29.04 million in 2024. This growth was driven by strong demand in key residential estates and diversified income streams from Electro Properties, West Development Company, and BrickFusion Manufacturing. Gross profit also rose by 40.4% to US$15.65 million.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
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