{"id":151,"date":"2025-09-28T09:35:54","date_gmt":"2025-09-28T09:35:54","guid":{"rendered":"https:\/\/waramutse.icu\/?p=151"},"modified":"2025-09-28T09:35:55","modified_gmt":"2025-09-28T09:35:55","slug":"cimerwa-cuts-cement-prices-pays-rwf-14-5-billion-in-dividends","status":"publish","type":"post","link":"https:\/\/waramutse.icu\/?p=151","title":{"rendered":"CIMERWA Cuts Cement Prices, Pays Rwf 14.5 Billion in Dividends"},"content":{"rendered":"\n<p>CIMERWA has announced it will distribute more than Rwf 14.5 billion in dividends to shareholders, even as profits dipped due to higher costs and a weaker franc. The payout, equivalent to Rwf 20.62 per share, will be made on October 18, 2025.<\/p>\n\n\n\n<p>Revenue rose sharply to Rwf 109.17 billion, a 50% jump from last year, following the acquisition of Prime Cement in Musanze. Still, profit before tax declined 23% to Rwf 11.2 billion.<\/p>\n\n\n\n<p>According to CEO Mangesh Kumar Verma, the company made a deliberate choice to reduce cement prices to capture the local market. A 50kg bag that sold for Rwf 11,000 in January 2024 now costs around Rwf 9,500.<\/p>\n\n\n\n<p>\u201cThis approach allows more citizens to access cement while building loyalty in the domestic market,\u201d Verma said, adding that the company plans to build a clinker plant locally to reduce reliance on imports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CIMERWA has announced it will distribute more than Rwf 14.5 billion in dividends to shareholders, even as profits dipped due to higher costs and a weaker franc. The payout, equivalent&hellip;<\/p>\n","protected":false},"author":2,"featured_media":152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/waramutse.icu\/index.php?rest_route=\/wp\/v2\/posts\/151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/waramutse.icu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/waramutse.icu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/waramutse.icu\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/waramutse.icu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=151"}],"version-history":[{"count":1,"href":"https:\/\/waramutse.icu\/index.php?rest_route=\/wp\/v2\/posts\/151\/revisions"}],"predecessor-version":[{"id":153,"href":"https:\/\/waramutse.icu\/index.php?rest_route=\/wp\/v2\/posts\/151\/revisions\/153"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/waramutse.icu\/index.php?rest_route=\/wp\/v2\/media\/152"}],"wp:attachment":[{"href":"https:\/\/waramutse.icu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/waramutse.icu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/waramutse.icu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}