John Bugunya News Today

CIMWERA Plc 's year-end financial results recorded revenue of RWF92.1bn (US$84.6m) in 2022, 37 per cent above the previous year.     “This is mainl...

Rwanda cement makers are also facing stiff competition for the DRC market from regional players.

Kenya’s national carrier Kenya Airways (KQ) announced it had kicked off direct flights from South Sudan Capital Juba to Khartoum. KQ said in a statement that the new flight will originate from the Jomo Kenyatta International Airport (JKIA) in Nairobi flying to Khartoum via Juba and back to Nairobi every Wednesday and Sunday. KQ will also […]

Rwanda's CIMERWA has registered an after-tax profit of RWF4.1bn (US$3.95m) for the year ended September 2021, up 115.8 per cent compared to RWF1.9bn in...

Cimerwa reports revenue increase in FY19-20 15 December 2020 Rwanda’s Cimerwa has seen its revenue increase one per cent YoY to RWF63bn (US$63.79m) in the financial year ended September 2020. Profit after tax reached RWF1.9bn, while EBITDA was at RWF1.95bn for the FY19-20. During the year, Cimerwa produced and sold 421,000t of cement, an improvement on the previous fiscal despite a 40-day shutdown on cement production due to the effects of COVID-19. "There has been an increase...

Editor — December 15, 2020 comments off Globally, 2020 was a year ripe with challenges affecting everything from industries, businesses, and individuals. Rwanda’s cement manufacturer, CIMERWA Plc,  experienced its own share of COVID induced challenges. However, in spite of this, it is ending the year on a positive note. Addressing the media at CIMERWA’s Annual Financial Report Roundtable held at the Kigali Serena Hotel, CIMERWA CFO – John Bugunya shed light on the company’s finan...

Taarifa Rwanda Published 3 months ago 0share Rwanda’s sole cement manufacturer announced on Monday afternoon that it had managed to collect Rwf63.1 billion in revenues despite the effect of Covid-19 pandemic to the economy. The firm said the revenue growth registered represented a 1% margin. CIMERWA’s CEO, Albert Sigei, said the company is satisfied with the results because such an achievement is benchmarked against results posted by other firms regionally and locally who are recording neg...