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.

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.

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.

“This approach allows more citizens to access cement while building loyalty in the domestic market,” Verma said, adding that the company plans to build a clinker plant locally to reduce reliance on imports.