Staff Writer
Nasan Energies Namibia (Pty) Ltd has reached an agreement with Vivo Energy Namibia to acquire 53 Engen and Shell-branded fuel service stations. The deal is still subject to approval by the Namibian Competition Commission (NaCC).
In May 2024, Vivo Energy completed the purchase of Engen Limited from Petronas, which included Engen Namibia.
As part of the regulatory process, the Competition Commission ruled that Vivo Energy had to sell a number of its service stations to maintain a fair market.
“We are pleased to have reached this agreement with Nasan Energies, which not only fulfills 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,” said Vivo Energy Namibia’s managing director, Jaco Van Rensburg,
One of the three founders of Nasan Energies, Miguel Hamutenya, said Nasan Energies will emerge as one of the first locally owned major oil marketing companies (OMCs) in Namibia.
“We do not work in isolation, but towards the government’s appeal for locals to take ownership of Namibian resources and drive job creation. ”
He said the transaction will elevate Nasan Energies to become a leading player in Namibia’s retail fuel market, an industry long dominated by multinational operators.
Co-founder Shiraz Tobias said the company’s name reflects its roots.
“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.”
Nasan Energies will become the third-largest fuel retailer in Namibia by number of sites, behind Vivo Energy and Puma Energy. The company plans to maintain financial discipline and a strong balance sheet to support future growth and build brand equity.
The Vivo Energy Group operates in 28 markets across Africa and the Indian Ocean Islands with over 4,000 service stations under the Engen and Shell brands.
It also exports lubricants to several African countries and runs a retail offering that includes fuels, lubricants, card services, convenience stores, restaurants, and other non-fuel services.
Caption
Vivo Energy Namibia’s Managing Director, Jaco Van Rensburg (left) and Miguel Hamutenya of Nasan Energies during a signing ceremony.
- Photo: Nasan
