The Faida Fund, managed by Watumishi Housing Investment (WHI), has exceeded its target by collecting Sh12.9 billion. The fund plans to expand its size by 55.56% this year, aiming to elevate its value from Sh19.285 billion to Sh30 billion. The strategic initiatives for the year include a marketing blitz, expanded outreach efforts, diversification for resilience, collaborative ventures, transparent communication, portfolio optimization, and investor education initiatives. The fund's net asset value currently stands at Sh110.5 billion, with a growing investor base of 3,524 individuals. The profit distribution to investors has reached Sh1.3 billion. WHI CEO Dr. Fred Msemwa positions the fund as a beacon of growth and stability, aiming to redefine the landscape of investment opportunities.
Listed property concern, Mashonaland Holdings Limited (Masholds), says its diversification thrust has started to pay off, with the firm focusing on increasing market share. Masholds has a long-term strategy hinged on diversifying its portfolio. The company's managing director, Gibson Mapfidza, stated that the property sector continues to show resilience in the face of a harsh economic environment. Masholds aims to increase market share through new products and market penetration, while also prioritizing customer service. The company recorded a net promoter score of 75% as of December 31, 2023. Mapfidza emphasized the need for a robust on-boarding process to protect the quality of earnings going forward. Masholds plans to upgrade existing facilities, refine space requirements, and align location, quality, design, and amenities of all their buildings. The company also intends to focus on sustainability and engage with the International Finance Corporation for retrofitting existing assets and pursuing sustainability practices in the built environment industry. Additionally, Masholds aims to partner with local and national governments to provide infrastructure, including affordable social housing and student accommodation. The company is currently engaging with Harare City Council and Bulawayo City Council for these partnerships.