CIMERWA lists on the Rwanda Stock Exchange

CIMERWA PLC, Rwanda's leading cement manufacturer, has made headlines today as it listed a free float of over 344,000 shares on the Rwanda Stock Exchange. The decision to list the company comes after years of strategic growth and stability, with the government of Rwanda playing a crucial role in supporting and promoting the business. In a recent interview with CNBC Africa, Regis Rugemanshuro, the Board Chairman of CIMERWA PLC, shared insights into the company's listing and the potential impact on local and international investors. Rugemanshuro highlighted the strong relationship between CIMERWA and the Rwandan government, as well as stakeholders in the capital markets, which paved the way for the listing. The decision to open up the company to private investors signals a new chapter in CIMERWA's journey towards growth and expansion. With the Rwandan government stepping in as a key strategic investor in the early stages, CIMERWA has experienced significant progress and stability, making it an attractive investment opportunity for both local and international investors. The listing of CIMERWA on the Rwanda Stock Exchange is seen as a strategic move to create more opportunities for Rwandans and drive economic growth in the country. By allowing private investors to participate in the company's growth story, CIMERWA is not only expanding its shareholder base but also giving Rwandans a chance to become owners of a successful enterprise. Rugemanshuro emphasized the potential benefits of investing in CIMERWA, citing the company's strong track record, positive growth indicators, and increasing demand for cement in Rwanda. With the company's production capacity set to meet growing market demands, investors have a unique opportunity to capitalize on CIMERWA's future growth prospects. One key aspect of the listing is the involvement of local investors in the company's governance structure. Rugemanshuro explained that measures are in place to ensure that investors, whether local or international, have a seat at the table in decision-making processes. The Rwandan government remains committed to supporting CIMERWA as it transitions into a publicly listed company and welcomes private investors to participate in the business. Regarding the valuation of CIMERWA shares at 120 Rwandan francs each, Rugemanshuro expressed confidence in the investment opportunity, stating that the current price is favorable given the company's growth potential and the economic outlook of Rwanda. With infrastructure projects on the horizon and a stable GDP growth forecast, CIMERWA is poised for further expansion and value creation, making it an attractive choice for investors. In conclusion, Rugemanshuro addressed questions about RSSB, a major shareholder of CIMERWA, and clarified that the organization is closely monitoring the market dynamics. While considering opportunities to allow private investors to participate, RSSB remains committed to supporting CIMERWA and ensuring the best interests of its members. The listing of CIMERWA on the Rwanda Stock Exchange marks a significant milestone for the company and the Rwandan capital markets, offering investors a chance to be part of a thriving business with a promising future.