As part of its strategy to focus on its southern African businesses, PPC has entered into an agreement to sell its 51% stake in CIMERWA, Rwanda’s only integrated cement producer, to National Cement Holding Ltd.
National Cement forms part of the Devki Group of Companies, a conglomerate headquartered in Nairobi, Kenya, with a diverse portfolio in cement, steel, roofing materials, fertilisers and packaging materials.
As a leading player in the cement industry across East Africa, National Cement operates an integrated cement plant, a clinker plant and multiple grinding plants in Kenya. In addition, the company operates a cement grinding plant in Eastern Uganda. The acquisition of CIMERWA aligns with the Devki Group’s strategy of expanding its footprint in East Africa.
“With this strategic divestment transaction, which is subject to the usual regulatory approvals and certain conditions, PPC is making another step in the execution of its strategy to focus its resources on southern Africa. We appreciate the positive impact of our collaboration with CIMERWA,” says Roland van Wijnen, CEO of PPC.