{"id":2000123760,"date":"2026-08-27T12:14:41","date_gmt":"2026-08-27T10:14:41","guid":{"rendered":"https:\/\/new.igihe.com\/english\/?p=2000123760"},"modified":"2026-08-28T17:36:26","modified_gmt":"2026-08-28T15:36:26","slug":"rssb-takes-100-stake-in-inyange-industries-and-ruliba-clays","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/rssb-takes-100-stake-in-inyange-industries-and-ruliba-clays\/","title":{"rendered":"RSSB takes 100% stake in Inyange Industries and Ruliba Clays"},"content":{"rendered":"\n

The acquisition, announced through a statement released on August 27, 2026, follows RSSB\u2019s previous ownership of 40% in Inyange Industries and 50% in Ruliba Clays.<\/p>\n\n\n\n

Inyange Industries is one of Rwanda\u2019s major food and beverage processing companies, having built a strong reputation in both the local and regional markets. Meanwhile, Ruliba Clays plays an important role in the construction industry, particularly in the production of building materials.<\/p>\n\n\n\n

RSSB said the move reflects its confidence in the long-term growth potential of the two companies and is in line with its mandate to protect and grow members\u2019 funds through investments that can generate sustainable, risk-adjusted returns.<\/p>\n\n\n\n

Inyange Industries has established a strong position in the market and continues to record business growth, according to RSSB.<\/p>\n\n\n\n

Ruliba Clays, meanwhile, is entering a new phase of expansion following the completion of its second manufacturing plant, which has doubled its initial production capacity and positioned the company to meet growing demand in Rwanda and the region.<\/p>\n\n\n\n

With full ownership, RSSB said it will support the companies\u2019 next phase of development, focusing on stronger governance, operational performance, disciplined use of capital, regional expansion and sustainable profitability.<\/p>\n\n\n\n

The pension fund also said it will explore strategic partnerships and capital-market opportunities over time, including the possible involvement of institutional investors or public listings where such moves can create long-term value for its members.<\/p>\n\n\n\n

RSSB has co-invested with CVL in Inyange Industries since 2014 and in Ruliba Clays since 2009. The transaction is also consistent with CVL\u2019s strategy of divesting from mature businesses after they reach an appropriate level of scale and stability.<\/p>\n\n\n\n

RSSB Chief Executive Officer Regis Rugemanshuro said the acquisition demonstrates the institution\u2019s confidence in the future of the two businesses.<\/p>\n\n\n\n

\u201cMoving to full ownership reflects our conviction in the long-term potential of these businesses,\u201d Rugemanshuro said.<\/p>\n\n\n\n

He added that RSSB\u2019s ambition is to help build stronger, more competitive and profitable companies that can expand beyond their current markets, attract strategic partners and generate sustainable returns for members.<\/p>\n\n\n\n

Beyond financial returns, RSSB said the continued growth of the two companies is expected to contribute to Rwanda\u2019s industrial development through stronger domestic manufacturing, support for local value chains, job creation and improved competitiveness of Rwandan products in regional markets.<\/p>\n\n\n\n

RSSB said it will continue to pursue prudent and active investment management aimed at protecting and growing members\u2019 funds while supporting the long-term financial sustainability of the social security schemes it manages.<\/p>\n\n\n\n

\n
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Inyange Industries has established a strong market position and continues to demonstrate robust business performance and growth.<\/figcaption><\/figure>\n\n\n\n
\"\"
Ruliba Clays is entering a new phase of expansion after completing its second manufacturing plant, which has doubled its initial production capacity.<\/figcaption><\/figure>\n\n\n\n
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RSSB has acquired the remaining shares in Inyange Industries and Ruliba Clays, bringing its ownership of both companies to 100%.<\/figcaption><\/figure>\n<\/figure>\n","protected":false},"excerpt":{"rendered":"

The Rwanda Social Security Board (RSSB) has acquired the remaining shares in Inyange Industries Ltd and Ruliba Clays Ltd previously held by Crystal Ventures Limited (CVL), bringing its ownership in both companies to 100%.<\/p>\n","protected":false},"author":3,"featured_media":2000123763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[151,72],"byline":[160],"hashtag":[],"class_list":["post-2000123760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-editors-choice","tag-featured-news-home","byline-theophile-niyitegeka"],"bylines":[{"id":160,"name":"Th\u00e9ophile Niyitegeka","slug":"theophile-niyitegeka","description":"","image":{"id":2000122455,"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/WhatsApp-Image-2026-08-14-at-11.50.01-AM.jpeg","title":"WhatsApp Image 2026-08-14 at 11.50.01 AM","mime_type":"image\/jpeg"},"user_id":3}],"contributors":[{"id":160,"name":"Th\u00e9ophile Niyitegeka","slug":"theophile-niyitegeka","description":"","image":{"id":2000122455,"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/WhatsApp-Image-2026-08-14-at-11.50.01-AM.jpeg","title":"WhatsApp Image 2026-08-14 at 11.50.01 AM","mime_type":"image\/jpeg"},"user_id":3}],"featured_image":{"id":2000123763,"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/ubu_imigabane_yose_ya_inyange_industries_na_ruliba_clays_ni_iya_rssb-0fb76.jpg","alt":"","caption":"RSSB has acquired the remaining shares in Inyange Industries and Ruliba Clays, bringing its ownership of both companies to 100%.","mime_type":"image\/jpeg","width":1000,"height":667,"sizes":{"thumbnail":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/ubu_imigabane_yose_ya_inyange_industries_na_ruliba_clays_ni_iya_rssb-0fb76.jpg","width":1000,"height":667},"medium":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/ubu_imigabane_yose_ya_inyange_industries_na_ruliba_clays_ni_iya_rssb-0fb76.jpg","width":1000,"height":667},"medium_large":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/ubu_imigabane_yose_ya_inyange_industries_na_ruliba_clays_ni_iya_rssb-0fb76.jpg","width":1000,"height":667},"large":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/ubu_imigabane_yose_ya_inyange_industries_na_ruliba_clays_ni_iya_rssb-0fb76.jpg","width":1000,"height":667},"full":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/ubu_imigabane_yose_ya_inyange_industries_na_ruliba_clays_ni_iya_rssb-0fb76.jpg","width":1000,"height":667}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000123760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=2000123760"}],"version-history":[{"count":2,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000123760\/revisions"}],"predecessor-version":[{"id":2000123768,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000123760\/revisions\/2000123768"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000123763"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=2000123760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=2000123760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=2000123760"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=2000123760"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=2000123760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}