Staff Writer
Nasan Energies (Pty) Ltd has received approval to acquire 52 Engen and Shell-branded fuel service stations across Namibia from Vivo Energy Namibia.
The approval follows a public engagement process led by the Namibia Competition Commission. More than 100 members of the public attended the stakeholder conference, where the proposed acquisition was discussed.
The outcome supported the transaction.
Managing director Jean-Blaise Ollomo thanked stakeholders, the public, and dealers for their support during the two-year process.
In May 2024, Vivo Energy completed the purchase of Engen Limited from Petronas. This included Engen Namibia.
After an evaluation of technical and financial proposals, Nasan Energies was selected as the preferred bidder.
Co-founder Miguel Hamutenya said rebranding will begin at the end of the month.
“We have invested so much into this acquisition to date and have only been waiting on the confirmation from the Namibia Competition Commission to implement it. We urge the public to be part of the upcoming re-branding exercise and to look forward to the same entrusted service with more emphasis on our local suppliers and empowerment to our local service providers,” he said.
Nasan Energies will become the third-largest fuel retailer in Namibia by number of service stations, behind Vivo Energy and Puma Energy.
The company aims to strengthen local ownership in a sector dominated by multinational operators.
“Its core focus is to maintain financial discipline and a strong balance sheet to position sustainable future growth and build brand equity with stakeholders and partners,” the company said.
