Namibia approves Cheetah Cement takeover of Ohorongo
Namibia's Minister of Industries, Mines and Energy has overturned a decision blocking Whale Rock Cement 's proposed acquisition of Ohorongo Cement , paving the way for the merge...
Namibia
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Cheetah Cement faces closure amid losses and market constraints
Namibia-based Cheetah Cement is at risk of ceasing operations and retrenching around 87 employees by mid-April 2026, following sustained financial losses and ongoing market chal...
Competition Commission opens investigation into merits of monopoly
The Namibian Competition Commission has started a public conference on the proposed acquisition of Schwenk Cement’s shareholding in Ohorongo Cement by Whale Rock Cement , the ow...
Schwenk Zement International still pondering Nambian market exit
Schwenk Zement International GmbH & Co KG, is still desperate to exit Namibia barely 10 years after investing in a state-of-the-art factory, according to local press reports. Sc...
Ohorongo Cement takeover speculation sparks Namibian monopoly fears
An at tempted takeover of Schwenk Namibia ( Ohorongo Cement ) by rival Whale Rock Cement is facing strong opposition from stakeholders who fear it could create a monopoly in the...
Whale Rock plans to acquire Schwenk Namibia
Whale Rock Cement (Pty) Ltd , the parent company of Cheetah Cement, has filed a notice to acquire Schwenk Namibia, which holds a majority stake in Ohorongo Cemen t. If successfu...
Schwenk Zement terminates Namibian purchase agreement
The purchase agreement between Schwenk Zement International GmbH and RWCo GmbH regarding shares in Schwenk Namibia (PTY) Ltd has been cancelled. The agreement, which was signed ...
Cheetah Cement ordered closure
Namibia’s labour ministry has ordered Chinese-owned Cheetah Cement plant at Otjiwarongo to stop production due to health concerns. The ministry says a team of occupational safet...
Namibia’s cement sales affected by COVID-19
The lack of economic activity due to the coronavirus pandemic has affected cement sales by Ohorongo Cement, said Frankleen Alberts, the company’s customer relations and public a...
Ohorongo Cement sale blocked by competition commission
The Namibian Competition Commission has reportedly blocked the NAD1.5bn (US$86.67m) sale of Schwenk Namibia, which manages and owns 69.8 per cent of Ohorongo Cement, to West Chi...