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News Development Bank of Namibia to talk to government about Ohorongo Cement

Development Bank of Namibia to talk to government about Ohorongo Cement

Written by Global Cement staff 29 April 2019
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Namibia: The Development Bank of Namibia (DBN) says it will consult the government about its minority stake in Ohorongo Cement following the purchase of a majority share in the cement producer by Singapore’s International Cement Group. International Cement Group acquired a 69.8% share in Ohorongo Cement from Germany’s Schwenk Namibia in March 2019, according to the Namibian newspaper. The DBN said that it originally invested in Ohorongo Cement to promote economic development in Namibia.

Last modified on 01 May 2019
Published in Global Cement News
Tagged under
  • Namibia
  • Development Bank of Namibia
  • Government
  • Ohorongo Cement
  • International Cement
  • Schwenk Zement
  • Plant
  • Singapore
  • GCW402
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