CEMENT MANUFACTURING IN RWANDA
About CIMERWA
Kiln heat consumption of 3.51 MJ/kg clinker
Currently making use of generators provided by Rwanda
Energy Group but will connect to national grid in the
medium term
• Retail prices of cement: $240 - $290 per ton
• Retail price
=
Factory gate price
•
+ VAT (18%)
•
+ distribution costs (18%-22%)
•
+ retailer margin (~3%)
⚫ EBITDA Margin guidance of 30% - 35%
.
$94 million project funding consisting of US dollar (63%)
and Rwandan francs (37%)
⚫ The USD denominated debt bears interest at 650 basis
points above LIBOR and is repayable over a ten year period
(2+8)
The RwF denominated debt is at a fixed interest rate of
16% p.a. and is repayable over a ten year period (2+8)
• Taxation:
.
Capital allowances 50% allowance on first year of production,
thereafter the balance over 20 years
Import and customs duties - exemption of importation of plant
and machinery; savings of ~5%
Depreciation in line with PPC group policy
CIMERWA
KONKA
Building Rwanda success story one partnership at a time
Now that be
CIMERWA
PPC
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