Cimerwa PPC set to list on Rwanda Stock Exchange

The Rwanda Stock Exchange has shown remarkable resilience despite the economic challenges posed by the COVID-19 pandemic. One of the upcoming listings on the exchange is multinational cement company, Cimerwa PPC Ltd. Celestine Rwabukumba, the CEO of the Rwanda Stock Exchange, explained that while there has been a slight decrease in trading volumes post-COVID-19, the market metrics have remained stable. Comparing data from 2019 to the present, there has been a 30% reduction in trading activity, particularly in equities. However, the overall trading volume is still up by 48% since the beginning of the year. The price stability has been maintained, with the Rwanda Share Index only slightly decreasing. Despite these challenges, the All-Share Index has seen an 8% increase since the start of the year. Rwabukumba highlighted that the primary market has remained active, with fundraising activities and bond issuances continuing. The CEO expressed optimism for a rebound in trading volumes in the coming months as activities resume post-lockdown. Cimerwa PPC Ltd.'s listing on the Rwanda Stock Exchange is particularly significant amidst the global economic uncertainty. While the plans for the listing were in place before the pandemic, the company has delayed the official listing to assess market conditions. Rwabukumba emphasized that the economic landscape will play a crucial role in determining the success of the listing. Despite the uncertainties, preparations for the listing are on track, and the company is ready to go public once conditions stabilize. The discussion also touched on the importance of small and medium enterprises (SMEs) listing on the stock exchange during these challenging times. Rwabukumba reiterated that the decision to list should align with each company's financial goals and growth prospects. While some SMEs may face financial difficulties, others in resilient sectors are well-positioned to tap into the market for capital injection. The CEO encouraged SMEs with strong business models to consider listing as a means to attract investment and drive growth. In conclusion, the Rwanda Stock Exchange remains optimistic about its future outlook despite the ongoing pandemic. The upcoming listing of Cimerwa PPC Ltd. symbolizes the continued growth and development of the exchange, showcasing its ability to adapt to changing market conditions and support the country's economic progress.