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A Kenya cement firm National Cement Company under the brand name Simba has debuted into the Rwanda cement market as one of the new cement players.
The firm said their entry into the local market is partially due to the pace of development and infrastructure establishment in the country, which will create an opportunity for supply.
Chairman and Chief Executive of the company, Dr. Narendra Raval said “The Rwandan market is one of the fastest growing economies in Africa. Since the government of Rwanda is implementing and supporting several projects, the shortages in the Rwandan market has caused supply chain bottlenecks.”
He further stated that they plan to bridging this gap by providing the products closer to the Rwandan importers.
Simba see the opportunity of supplying cement to Rwanda annual demand of cement estimated at over 1.2M tonnes annually.
The company will need to take advantage of the only two cement plants operational in the country with a capacity of 600,000 tonnes each but not operational at full capacity.
This has left a supply gap necessitating imports. But with a number of major infrastructure projects lined up including a new airport in Bugesera, the company has entered into the market at the right time as demands will surely go up in the coming years.