CEO Thapelo commends Mahwi Grain Millers on second-tranche bond listing on the Rwanda Stock Exchange

On 8 October 2025, Mahwi Grain Millers Plc listed the second tranche of its corporate bond Frw 2 billion on the Rwanda Stock Exchange, under a Rwf 5 billion, five-year note programme. The offer was oversubscribed by a diverse mix of investors, deepening the fixed-income segment and supporting domestic capital formation.

Speaking at the listing, Capital Market Authority Chief Executive Officer Thapelo Tsheole said: “Mahwi Grain Millers’ success is a testament to the evolution of Rwanda’s capital market. The new tranche increases the diversity of fixed-income instruments and signals steady maturation, broader opportunities, and stronger collaboration across issuers, intermediaries, and investors.”

Rwanda Stock Exchange Chief Executive Officer Pierre Celestin Rwabukumba emphasised the bourse’s role as a strong platform for capital raising.

Mahwi Grain Millers Chairperson, Mrs Chantal Habiyakare, added: “We issued the bond in two tranches to build confidence in the market, and today’s listing shows that we have succeeded. As a company, we have experienced tremendous growth since the first tranche. I encourage everyone here to spread the word that the market is ready and functioning well.”

The issuance widens investable options for savers and provides Mahwi with long-term financing to strengthen its operations and the wider agribusiness value chain.

Mahwi Grain Millers was incorporated in 2018. The company specialises in processing grains into human food and animal feed at an industrial scale.