Cement News tagged under: Development Bank of Namibia
DBN ups stake in Ohorongo Cement, Namibia04 August 2015, Published under Cement NewsThe Development Bank of Namibia has increased its stake in Ohorongo Cement, which is majority-owned by Schwenk Zement KG of Germany from 10 to 11.72 per cent. "The bank's decision to increase its shareholding in Ohorongo Cement is firstly driven by its equity investment strategy to take up shareholding in business projects and secondly its desire to invest in quality assets with potential to earn profits to finance future development," chairperson of the bank, Penny Akwenye, said. The US$... |
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