CIMERWA, Rwanda’s cement maker was listed today by introduction on the Rwanda Stock Exchange Main Investment Market Segment (MIMS).
The event marked the listing of the 10th company in the Rwanda market and the 5th local company to list on the Rwanda Stock Exchange. The company shareholding is constituted of 703,219,520 shares (100%), of which a free float of 344,575,560 shares (49%) was made available for trading at the RSE and the shares started trading at RWF120 per share.
Established in 1982, CIMERWA is the nly integrated cement company in Rwanda which mines raw materials, produces the clinker concentrate, packs and sells cement for general and civil construction. Some products are exported to neighbouring countries such as DRC and Burundi.