Staff Writer
Nasan Energies is in the final stages of acquiring the 52 divestiture businesses operated by Vivo Energy and Engen Namibia.
The announcement follows a stakeholder engagement hosted by the Namibia Competition Commission (NaCC) in Windhoek on Monday.
The public meeting formed part of the NaCC’s review of the proposed transaction, where members of the public were invited to engage with the deal.
In September 2025, Nasan Energies and Vivo Energy Namibia underwent an evaluation process assessing technical expertise and financial proposals. Nasan was selected as the preferred bidder.
The chief executive officer of NaCC, Vitalis Ndalikokule, said the engagement aimed to assess whether the transaction would protect competition and consumer welfare in the market.
Preliminary findings were presented during the conference. NaCC director of mergers and acquisitions Johannes Ashipala said competitors, dealers and members of the public were invited to comment on the transaction and that the response rate was good.
He noted that interested parties still have 30 days to submit additional information before a final decision is made.
Nasan Energies managing director Jean-Blaise Ollomo told stakeholders that the company has made progress since signing the initial sales agreement.
He said the company has finalised its new retail brand identity and started producing Nasan-branded materials across its network. Nasan has also implemented a new enterprise resource planning system, SAP S/4HANA Cloud, to improve operations, financial controls and reporting.
Ollomo said the company has concluded contract negotiations with its main fuel supplier to support stability and growth in its retail operations.
During the engagement, concerns were raised about possible employment risks, security of supply and bargaining power.
Legal advocate Vanessa Kauta said Nasan complies with legal requirements and remains accountable to its dealers across the country. The company said current structures address the concerns raised.
Nasan Energies co-founder Sean Tobias welcomed what he described as a rigorous review process by the Commission, saying the conditions prioritise local ownership in a sector often dominated by foreign companies.
If approved, Nasan Energies will become the third-largest fuel retailer in Namibia by number of sites, behind Vivo Energy and Puma Energy.
NaCC is expected to make a final decision in the coming months.
