Rwanda’s cement manufacturer CIMERWA has declared an interim dividend of over Rwf 14.5 billion after reporting solid revenue growth in the nine months to June 2025. The payout translates to Rwf 20.62 per share, with distribution scheduled for October 18, 2025.
The firm posted Rwf 109.17 billion in revenues, up 50% from Rwf 72.87 billion in the previous year, largely due to the acquisition of Prime Cement in Musanze.
Despite this growth, profit before tax fell 23% to Rwf 11.2 billion, as foreign exchange pressures and imported raw materials increased costs. Earnings per share slipped slightly to Rwf 16.05.
CEO Mangesh Kumar Verma told The New Times that the company reduced prices by over 10% to expand its domestic footprint. “We wanted cement to be affordable for all Rwandans. This strategy affected margins, but it is crucial for long-term market growth,” he said.
The company is also preparing to invest in a clinker production plant to replace imports and stabilize profitability in the years ahead.
