Namibia: Chinese Purchase of Ohorongo Blocked By Nacc

5 August 2020

The Namibia Competition Commission (NaCC) has blocked the acquisition of Schwenk Namibia (Pty) Ltd, which owns and operates the Ohorongo Cement factory, by West China Cement Limited for N$1.5 billion since it would result in coordination between Ohorongo Cement and Whale Rock Cement, which trades as Cheetah Cement.

The proposed acquisition was deemed uncompetitive by the NaCC since West China Cement Limited also has a majority stake in Cheetah Cement, the sole competitor to Ohorongo Cement.

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