Chinese company signs MoU for Namibian plant

China-based Asian and African Business Management has signed a Memorandum of Understanding with Namibian company Whale Rock Cement for a US$350m cement plant.

The signing ceremony was attended by the Chinese Ambassador to Namibia, Xin Shunkang, and the chairperson of Asian and African Business Management, Zhang Jimin, according to reports by China Daily.

The plant, about 245km from the capital Windhoek, will be the second cement plant in Namibia. The southwest African country is currently home to one cement producer, Ohorongo Cement.

Whale Rock Cement public relations officer, Manfred Uxamb, said a comprehensive feasibility study has been done and that a limestone survey has also been carried out. "Together with our partners, we have performed comprehensive investigation of the land plot, limestone, clay, wasted iron ore, gypsum which is necessary for this cement plant," Mr Uxamb said, adding that they found that all these resources meet requirements.