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National Cement Holdings Ltd acquires 99.9pc in CIMERWA, Rwanda's top cement producer

Move represents a milestone for the industry in Rwanda, as its first and sole integrated cement producer becomes majority-owned by a company with a solid foothold in East Africa. ....

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National Cement Holdings Ltd acquires 99.9pc stake in CIMERWA, Rwanda's top cement producer

Move represents a milestone for the industry in Rwanda, as its first and sole integrated cement producer becomes majority-owned by a company with a solid foothold in East Africa. ....

Rusizi District , Regis Rugemanshuro , Narendra Raval , Roland Van Wijnen , Godfrey Kamukunde , Insurance Company Holdings Ltd , Ppc International , National Cement Holdings Limited , Rwanda Investment Group , Occupational Health Safety Management , Devki Group , Agaciro Development Fund , East Africa , East African , Rwanda Social Security Board , Insurance Company Holdings , National Cement , East African Region , Southern African , Strengthening Rwanda , Prime Minister , Bugessera Airport , Integrated Management System , Quality Management , Environmental Management , Occupational Health ,

CIMERWA to become majority owned by new long-term investor committed to regional expansion

CIMERWA to become majority owned by new long-term investor committed to regional expansion
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CIMERWA record Rwf 1.95 billion of profit after tax

Editor
December 15, 2020
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Globally, 2020 was a year ripe with challenges affecting everything from industries, businesses, and individuals. Rwanda’s cement manufacturer, CIMERWA Plc, experienced its own share of COVID induced challenges. However, in spite of this, it is ending the year on a positive note.
Addressing the media at CIMERWA’s Annual Financial Report Roundtable held at the Kigali Serena Hotel, CIMERWA CFO – John Bugunya shed light on the company’s financial performance.
“The company was able to record strong Earnings before Interest Tax Depreciation and Amortization (EBITDA) of Rwf 16.56 Billion and Profit After Tax (PAT) of Rwf 1.95 Billion. The company’s liquidity position remains strong with the liquidity ratio of 2.07 and cash balances of Rwf 13.3 Billion. This puts the company in an excellent position to meet its obligations and to fund its expansion projects.” Bugunya explained. ....

Rusizi District , John Bugunya , Albert Sigei , Kigali Serena Hotel , Sigei As The Company , Rwanda Stock Exchange , Financial Report Roundtable , Interest Tax Depreciation , Profit After Tax , Rwanda Stock , Strengthening Rwanda , South Western , ருவாண்டா ஸ்டாக் பரிமாற்றம் , நிதி அறிக்கை வட்ட மேசை , ஆர்வம் வரி தேய்மானம் , ருவாண்டா ஸ்டாக் , பலப்படுத்துதல் ருவாண்டா , தெற்கு மேற்கு ,