Nasan Energies Namibia (Pty) Ltd announced an agreement with Vivo Energy Namibia to acquire 53 Engen and Shell-branded fuel service stations. The acquisition is subject to approval by the Namibian Competition Commission.
In May 2024, Vivo Energy completed the purchase of Engen Limited from Petronas, which included the Engen Namibia business; however, as part of the regulatory process, the Namibian Competition Commission determined that Vivo Energy would have to sell a number of its service stations to uphold a fair and dynamic market. Following a thorough evaluation process that assessed both technical expertise and financial proposals, Nasan Energies was selected as the preferred bidder.
Vivo Energy Namibia’s Managing Director, Jaco Van Rensburg, stated: ‘We are pleased to have reached this agreement with Nasan Energies, which not only fulfils the regulatory requirements to maintain the competitive landscape of oil marketing companies in Namibia, but also provides clarity for dealers and partners. We look forward to working closely with Nasan Energies to ensure a smooth transition as we work to complete the transaction.’
From L-R: Jaco Van Rensburg, Vivo Energy Namibia’s Managing Director and Miguel Hamutenya, One of the three founders of Nasan Energies during the agreement signing.
SOURCE | VIVO ENERGY
One of the three founders of Nasan Energies, Miguel Hamutenya, thanked the team for its dedication and commitment: ‘We do not work in isolation, but towards the government’s appeal for locals to take ownership of Namibian resources and drive job creation. Nasan Energies will emerge as one of the first locally owned major oil marketing companies (OMCs) in Namibia. The transaction will elevate Nasan Energies to become a leading player in Namibia’s retail fuel market, reshaping an industry traditionally dominated by multinational operators.’
“The name ‘Nasan’ is derived from ‘Na’ for Namibia, where the company is headquartered, and ‘San’ from the Khoisan, considered to be one of the oldest cultures in the world. The Khoisan are renowned for resilience and adaptability in some of the world’s harshest climates, of which these traits are at the heart of Nasan Energies’ ethos – to be dynamic, adaptable and resilient in the competitive energy sector,” said Co-founder Shiraz Tobias as he emphasized Nasan’s Namibian heritage.