The Chief Executive Officer of the Capital Market Authority, Mr. Thapelo Tsheole commends Mahwi Grain Millers Plc for the successful approval of its Frw 5.0 billion Medium-Term Note Programme
Mahwi Grain Millers Plc is a leading Rwanda-based firm in maize aggregation and processing into food for human consumption and animal feed, located at Bugesera Special Economic Zone. It has a reputation for transforming production systems and expanding its impact to feed Rwandans and beyond.
On 9th August 2024, Mahwi Grain Millers Plc officially launched its Frw 5.0 billion (Five Billion) Medium-Term Note Programme with a tenor of 5 years at an interest rate of 15% per annum, payable semi-annually. The Notes will be listed on the Rwanda Stock Exchange (RSE) on 02nd September 2024 to facilitate trading. The Offer will close at 1700hrs on 23rd August 2024.
Mr. Thapelo speaking at the event commends Mahwi for the successful approval of the Frw 5.0 billion (Five Billion) Medium-Term Note Programme. CEO Thapelo stated, “From the Capital Market Authority’s perspective, we know that the role of the capital market is to provide capital or money to companies either private sector companies or government entities to enable them to take some growth opportunities in order to expand their production capacities to grow as companies.”
Mr. Thapelo added, “It’s quite common that a lot of companies that grow in the capital market across the world started small, it's not a big surprise or a worry that an SME company comes to market to raise capital because that is what the market is designed for.”