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.