One of Zimbabwe’s leading construction companies (Masimba Holdings) is targeting to become a 100 Million business in the short to medium term keeping with the aid of increased sector activity.
The group’s chief executive Officer, Canada Malunga said prospects of the industry are bright and the company has a firm order book spanning to 2019. Malunga indicated that confidence in the new government is likely to spur increased activity in construction. He also noted that several companies are deploying their Real Time Gross Settlement (RTGS) balances into different projects.
Said Malunga:
The growth trajectory we started three years ago is on course. We are now targeting to become a $70 to $100 million dollar business driven by the sudden growth of the construction industry.The economy is currently performing better than where it was and the unintended devaluation of the RTGS balances has seen increased infrastructure projects
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