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Signature(s)

Amount
€ 82,300,000
Countries
Sector(s)
Namibia : € 82,300,000
Industry : € 82,300,000
Signature date(s)
13/11/2009 : € 82,300,000
Link to source

Summary sheet

Release date
13 January 2009
Status
Reference
Signed | 13/11/2009
20080021
Project name
Promoter - financial intermediary
Ohorongo Cement Namibia

Schwenk Zement KG

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million.
EUR 210 million.
Location
Sector(s)
Description
Objectives

Construction of a 700.000 tons p.a. greenfield cement plant in northern Namibia.

The plant output will address domestic cement demand by substituting relatively expensive imports. The remainder of the production will be sold to southern Angola, Botswana and Zambia, which due to poor domestic infrastructure can be more efficiently supplied from Namibia.

Environmental aspects
Procurement

A Social and Environmental Study was undertaken, which included a satisfactory level of public consultations. The plant is expected to be built with satisfactory environmental standards.

The borrower, a private company, operates in a liberalised sector open to free market competition. The main equipment and services was tendered amongst specialised international engineering companies.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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