Rwandan government to sell 49% stake at Cimerwa cement company

RWANDA – The Rwandan government has unveiled plans to sell its 49% stake in Cimerwa cement company. Rwanda’s Prime Minister, Edouard Ngirente, made the announcement saying that the sale will be done through an auction by the end of March although he did not disclose the reason for the sale nor the value of the transaction. Cimerwa is jointly owned by South Africa’s PPC and the government of Rwanda at 51 and 49% respectively with indications revealing that PPC has not yet expresses intreset in the remaining stake. “We have…

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