Majority shareholder PPC Group could buy Rwanda stake in Cimerwa

A total of 49 per cent shares in Cimerwa are up for sale. PHOTO | FILE | NATION MEDIA GROUP

South Africa’s Pretoria Portland Cement (PPC) Group, the majority shareholder in Cimerwa cement company, is considering buying the Rwanda government’s stake in the firm.

Cimerwa, under pressure from President Paul Kagame to sell the government stake, put the shares on the market this past week.