Green light for Nasan Energies
Nasan Energies (Pty) Ltd has officially been granted approval to acquire 52 Engen- and Shell-branded fuel service stations across Namibia in a landmark deal involving Vivo Energy Namibia.
The approval follows a stakeholder conference hosted by the Namibia Competition Commission, where members of the public were invited to engage on the proposed acquisition of the 52-station divestiture business, previously operated by Vivo Energy and Engen Namibia. More than 100 stakeholders attended the session, with the outcome favouring Nasan Energies - one of the first privately owned Namibian entities to take a leading role in the sector.
Welcoming the decision, managing director Jean-Blaise Ollomo thanked the public, stakeholders, and dealers for their support throughout the two-year process, reaffirming the company’s commitment to localising ownership. “We are pleased with the outcome and remain committed to upholding international operational standards while exceeding public expectations. The next step is to engage with all relevant dealers and stakeholders to finalise implementation.”
The acquisition follows Vivo Energy’s purchase of Engen Limited from Petronas in May 2024, which included the Engen Namibia business. After a comprehensive evaluation process assessing both technical expertise and financial proposals, Nasan Energies was selected as the preferred bidder.
Co-founder Miguel Hamutenya said the company is now preparing to move forward with implementation, including an extensive rebranding process set to begin at the end of the month. “We have invested significantly in this acquisition and were awaiting final approval from the Namibia Competition Commission. We encourage the public to be part of this rebranding journey and to expect the same trusted service, with a stronger focus on local suppliers and the empowerment of Namibian service providers.”
Once finalised, Nasan Energies will become the third-largest fuel retailer in Namibia, after Vivo Energy and Puma Energy. The move is expected to reshape a market historically dominated by foreign players, with the company placing strong emphasis on service delivery, local participation, and diversification.
