The Government of Namibia has granted permission for Cheetah Cement to buy Ohorongo Cement.
A former decision by the Competition Agency to block the buyout of Ohorongo Cement from the Schwenk Group by China-owned Whale Rock Cement, the owner of Cheetah Cement, has been overruled. Following the government announcement it has been recommended that both Whale Rock Cement and Schwenk Namibia should increase local ownership to at least 40 %.
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China’s National Development and Reform Commission, together with several other government depar...
