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Govt Sells Burera Dairy Ltd to Zimbabwean Investor

15 January 2020

RWANDA - The government has found a buyer for Burera Dairy Limited which was floated into the market in September last year.

The government held 98.03 per cent stake in the firm which was established in 2016 at a cost of Rwf488 million to boost dairy farming in the area.

Government stake was last week sold to African Solutions Private Ltd (Afrisol), a Zimbabwean firm which has been investing in the country over the past two years.

Sources say that the firm was sold at around Rwf 270 million. None of the parties involved agreed to disclose the figure.

The facility was handed over to its new owners on 14 January.

The new owners say that they intend to boost the milk-processing industry and buy milk from farmers, train them on best practices, as well as work with farmers in availing animal, feeds to boost productivity in both quality and quantity.

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Source: The New Times

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