The company secured the funding through the first tranche of a Frw5 billion note program approved by the Capital Market Authority (CMA), reinforcing its commitment to scaling operations and contributing to Rwanda's self-reliance in the agriculture sector.
Founded in 2018, Mahwi Grain Millers specializes in processing grains into food products for human and animal consumption.
The company, operating from the Bugesera Special Economic Zone in Southeastern Rwanda, currently produces and distributes 150 tonnes of refined maize flour daily. With a processing capacity of 250 tonnes per day, the new funding is expected to accelerate growth and enhance product diversification.
The Managing Director of Mahwi Grain Millers Plc, Jean Claude Uwizeyemungu, highlighted the impact of the capital raised, stating that the Frw3.3 billion not only enabled the company to expand its operations but also allowed it to diversify its product offerings and establish a foothold in export markets.
The company's journey to securing financing was supported by the Rwanda Stock Exchange's Capital Market Investment Clinic, a program designed to prepare small and medium enterprises (SMEs) to attract investors.
Rwanda Stock Exchange (RSE) Chief Executive Officer Pierre Célestin Rwabukumba encouraged other SMEs to explore capital markets as an alternative means of raising funds through a simplified process designed to facilitate access for smaller businesses.
Speaking during a media tour on January 30, 2025, Thapelo Tsheole, CEO of Rwanda's Capital Market Authority, reiterated the vital role capital markets play in the country's economic transformation under the Second National Strategy for Transformation (NST2).
He stated that capital markets will be essential in assisting SMEs to raise capital, thereby unlocking additional funding opportunities to fuel their growth.
As Rwanda's capital market continues to expand, it is expected to provide businesses with increased access to funding while offering investors promising long-term opportunities.
IGIHE
