The Development Bank of Namibia (DBN) is reported to have raised its stake in Ohorongo Cement from 10% to 11.72%.
Ohorongo Cement, majority owned by Schwenk Zement of Germany,produces 700,000tonnes of cement for domestic and export markets.
It currently offers three products and it has spent NAD 150 million (€10.82 million/US$11.87 million) on a new facility to produce a special composite cement.
The Industrial Development Corporation (IDC) of South Africa and Development Bank of Southern Africa (D
The Development Bank of Namibia (DBN) is reported to have raised its stake in Ohorongo Cement from 10% to 11.72%.
Ohorongo Cement, majority owned by
It currently offers three products and it has spent NAD 150 million (€10.82 million/US$11.87 million) on a new facility to produce a special composite cement.
The Industrial Development Corporation (IDC) of South Africa and Development Bank of Southern Africa (DBSA) have 20% and 7.3% respectively in Ohorongo Cement.
