CIMERWA, Rwanda’s largest cement producer, has announced plans to distribute over Rwf 14.5 billion in interim dividends following strong results for the nine months ending June 30, 2025. Shareholders are set to receive a dividend of Rwf 20.62 per share, subject to tax, on October 18, 2025.
The company reported revenues of Rwf 109.17 billion, a 50% increase compared to Rwf 72.87 billion in June 2024, mainly driven by the acquisition of Prime Cement in Musanze in July 2024.
However, profit before tax dropped 23% to Rwf 11.2 billion, with earnings per share down 1% to Rwf 16.05. CIMERWA cited higher import costs for raw materials and the depreciation of the Rwandan franc as key factors.
CEO Mangesh Kumar Verma said the company deliberately cut cement prices by more than 10% in 2024 to strengthen its domestic market share. “In January 2024, a 50kg bag sold for nearly Rwf 11,000, but now it is around Rwf 9,500,” he explained.
He added that the Musanze plant still imports clinker, but CIMERWA plans to build a clinker facility locally to reduce costs and improve margins.
