Powering Growth, Innovation, and Value in Zimbabwe’s Hardware & Electrical Sector
Powerspeed Electrical Limited is Zimbabwe’s leading supplier of electrical, hardware, building, and home improvement products, operating through its Electrosales Hardware brand. With a legacy dating back to the 1970s as part of Mashonaland Holdings, the company became an independent entity in 1999 and was publicly listed in 2000. Over the years, Powerspeed has evolved into a dominant retail force, with Electrosales Hardware becoming synonymous with quality, reliability, and innovation in the hardware sector.
With a workforce of over 1,500 employees, Powerspeed operates a growing network of large-format stores across Zimbabwe. Our customer-centric approach, robust supply chain, and strong governance have reinforced our leadership in the formal retail sector. By leveraging global procurement capabilities and strategic investments in stock availability, we continue to drive growth, profitability, and long-term shareholder value.
In line with our mission, Powerspeed is committed to being the go-to market leader for hardware and electrical solutions, catering to retail, contracting, and industrial customers throughout Zimbabwe. Our core values—customer intimacy, adaptability, value creation, and ethical integrity—guide our business operations, ensuring we consistently provide exceptional service and quality products.
Investor Note
Powerspeed Electrical Limited de-listed from the Zimbabwe Stock Exchange on 18 December 2020 and now trades shares over-the-counter (OTC), with an active share buyback scheme and trading guidelines in place.
Our investment case
What sets Powerspeed apart as an investment opportunity
Powerspeed Electrical Limited has established itself as Zimbabwe’s leading hardware and electrical retailer, operating through its Electrosales Hardware brand. With a strong nationwide presence, strategic expansions, and a commitment to operational excellence, Powerspeed continues to deliver sustainable growth, even in a challenging economic environment.
Powerspeed Electrical Limited stands out as an attractive investment opportunity due to its solid financial performance, strategic expansion, and strong competitive positioning. With a commitment to innovation, operational efficiency, and shareholder value creation, the company is well-equipped to navigate economic challenges and deliver long-term returns for investors.
