Co-founder of Nasan Energies, approved to acquire 52 service stations from Vivo Energy amid scrutiny over alleged Vitol ties.
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The Namibian
Miguel Hamutenya is majority owner of Nasan Energies, the third largest fuel retailer in the country
“His son, Miguel Hamutenya, is the majority owner of Nasan Energies, the newly-formed company that is now the third largest fuel retailer in the country.”
Hinda-Mbuende slams Vitol fuel dealThe Namibian
Miguel Hamutenya co-founded Nasan Energies
“In March, the Namibian Competition Commission gave Nasan Energies, co-founded by Miguel Hamutenya (34), the greenlight to buy 52 petrol stations, making it the country's third-largest fuel retailer.”
Is Amutse Enabling Fuel Capture?The Namibian
Miguel Hamutenya is founder of Nasan Energies and group chief executive of Millennium Investment Holdings
“His son, Miguel Hamutenya, is the founder of Nasan Energies and group chief executive of Millennium Investment Holdings.”
Vitol gets exclusivefuel supply deal for 3 monthsWindhoek Observer
Miguel Hamutenya controls Millennium Investment Holdings
“Nasan is 70% owned by Millennium Investment Holdings, controlled by Miguel Hamutenya.”
Nasan appeals fuel sourcing ban through Ndaitwah’s law firmThe Namibian
Miguel Hamutenya co-founded Nasan Energies
“Nasan was co-founded by businessman Miguel Hamutenya (33), who is part of a family with established interests in the energy sector.”
Nasan Energies appeals fuel sourcing ban after acquiring 52 service stationsInformanté
Co-founder Miguel Hamutenya said the company is preparing to roll out a nationwide rebranding process
“Co-founder Miguel Hamutenya said the company is now preparing to roll out a nationwide rebranding process, with visible changes expected in the coming weeks.”
NASAN Energies cleared to acquire Vivo Energy fuel stations in landmark dealNew Era
Co-founder Miguel Hamutenya said rebranding will start and changes will be seen at stations
“Co-founder Miguel Hamutenya said changes will soon be seen at the stations.”
Nasan Energies gets approval to buy 52 fuel stationsThe Namibian
Miguel Hamutenya co-founded Nasan
“Nasan – co-founded by Miguel Hamutenya (33) – confirmed the approval in a press release yesterday.”
Nasan Energies to become Namibia’s third-largest fuel retailer after Vivo Energy service station acquisitionThe Namibian
Miguel Hamutenya has 70% ownership of Nasan Energies
“Now, Miguel will play a greater role in Namibia's downstream petroleum industry through his 70% ownership of Nasan Energies.”
Nasan Energies to become Namibia’s third-largest fuel retailer after Vivo Energy service station acquisitionThe Namibian
Miguel Hamutenya co-founded Nasan Energies
“Nasan Energies, co-founded by Miguel Hamutenya, has been given the green light by the Namibian Competition Commission (NaCC) to buy 53 service stations in Namibia.”
Hamutenya’s Nasan wins approval to acquire 53 service stationsAfter the Namibian Competition Commission approved Vivo Energy's purchase of Engen Namibia's 52 service stations on condition that a small Namibian player acquire them, dealers say the subsequent sale to Nasan Energies has left them facing contract changes and business risks despite NaCC assurances in February that they would not be worse off.
22 June 2026 · The Namibian →
After the Namibian Competition Commission approved Vivo Energy's purchase of Engen Namibia's 52 service stations on condition that a small Namibian player acquire them, dealers say the subsequent sale to Nasan Energies has left them facing contract changes and business risks despite NaCC assurances in February that they would not be worse off.
22 June 2026 · The Namibian →
Former Namcor acting managing director Maureen Hinda-Mbuende has criticised the government's award of a N$7.2 billion three-month fuel supply contract to Vitol, saying the deal is "counter-productive and monopolistic" and will damage the downstream fuel sector's long-term competitiveness. Hinda-Mbuende claims Namcor offered a cheaper deal and that Vitol's ownership of Shell and Engen service stations creates conflicts of interest that could harm competitors.
9 June 2026 · The Namibian →
Energy Minister Modestus Amutse granted Swiss commodity trader Vitol an exclusive mandate to supply Namibia's entire fuel needs from June to August under a contract valued at an estimated N$2.4 billion a month, raising concerns about fuel sector capture given Vitol's links to individuals connected to politicians and the decision's apparent circumvention of the Competition Commission's conditions on fuel sourcing.
7 June 2026 · The Namibian →
Mathews Hamutenya has denied having political connections to State House or involvement in the government's decision to appoint Vitol as Namibia's sole fuel supplier, though his son recently bought 52 service stations and Hamutenya is a partner in a storage facility with Vitol. The Independent Patriots for Change have linked Hamutenya to what they describe as a "conglomerate at the centre of Namibia's petroleum oil takeover."
2 June 2026 · The Namibian →
The Ministry of Industries, Mines and Energy has awarded Vitol an exclusive fuel supply contract for July to September, saying the company's offer to supply fuel at standard price without extra charges or public subsidy distinguished it from other bidders, whose proposals included additional conditions.
1 June 2026 · The Namibian →
The Ministry of Industries, Mines and Energy has directed all fuel companies in Namibia to source petrol and diesel exclusively from Vitol between July and September 2026, citing emergency arrangements and the supplier's willingness to waive financial guarantees. Industry sources report that Vitol fuel is often more expensive than competitors', and the appointment has drawn scrutiny over procurement transparency and Vitol's history of allegations regarding substandard fuel supply.
1 June 2026 · Windhoek Observer →
Vivo Energy Namibia has completed the sale of 52 Engen and Shell-branded service stations to Nasan Energies, fulfilling a regulatory commitment to the Namibian Competition Commission made as a condition of Vivo's May 2024 purchase of Engen Limited from Petronas.
27 May 2026 · The Namibian →
Renthia Kaimbi Nasan Energies has appealed the Namibian Competition Commission's decision blocking the company from sourcing fuel from Vitol and related companies following its acquisition of 52 fuel stations. The company, represented by Ndaitwah Legal Practitioners, argues the conditions are too restrictive and has requested a five-year transitional period to build independent supply arrangements.
19 May 2026 · Windhoek Observer →
The Namibian Competition Commission approved Nasan Energies' acquisition of 52 service stations but barred the company from sourcing fuel from Vitol for five years to prevent monopoly concentration. Nasan has appealed the restriction and notified the energy minister of its intention to seek a review of the commission's conditions.
2 April 2026 · The Namibian →
The Namibia Competition Commission has approved NASAN Energies' acquisition of 52 Engen and Shell-branded fuel service stations from Vivo Energy Namibia, positioning the local oil marketing company as the country's third-largest fuel retailer. The company plans to rebrand the stations and prioritise local suppliers as it implements the transaction.
25 March 2026 · Informanté →
The locally owned Nasan Energies has received approval from the Namibia Competition Commission to purchase 52 fuel service stations (operating under Engen and Shell brands) from Vivo Energy Namibia. Upon completion, the company will become Namibia's third-largest fuel retailer and aims to boost local ownership in a sector historically dominated by foreign operators.
23 March 2026 · New Era →
The Namibian Competition Commission has approved Nasan Energies' acquisition of 52 Engen and Shell-branded service stations from Vivo Energy, positioning Nasan as the country's third-largest fuel retailer. The purchase was conditional on divestment to prevent monopolistic control, following concerns about potential connections between Nasan's co-founder Miguel Hamutenya and Vivo's parent company Vitol.
22 March 2026 · The Namibian →
The Namibian Competition Commission has approved Nasan Energies, co-founded by Miguel Hamutenya, to acquire 53 service stations from Vivo Energy/Engen. The approval comes despite earlier objections over potential monopoly concerns related to possible ties between Nasan and Vitol, Vivo Energy's parent company.
19 March 2026 · The Namibian →
Panduleni Itula, leader of the Independent Patriots for Change, presented evidence he says shows the president's family members hold interests across the oil and gas sector—including the president's son operating a diesel distribution business at Lüderitz port and the first gentleman serving as patron of a petroleum industry forum—and called on Parliament to reject a petroleum amendment bill that would transfer licensing authority to the Presidency.
2 March 2026 · The Namibian →
President Nandi-Ndaitwah has challenged Independent Patriots for Change leader Panduleni Itula to provide empirical evidence linking her family to Namibia's upstream oil sector, reiterating her denial of direct or indirect interests. Itula held his third oil-related press conference in less than three weeks, presenting what he termed documented evidence of a systematic network involving the president's sons and husband across the petroleum value chain, including fuel imports, distribution, and investments.
25 February 2026 · New Era →
The Namibian Competition Commission is investigating whether Nasan Energies' acquisition of 53 service stations from Vivo Energy violates divestiture conditions meant to prevent market dominance, citing alleged connections between Nasan co-founder Miguel Hamutenya and Vitol, Vivo's major shareholder. NaCC preliminary findings warn the deal could result in a combined market share of about 70%, contrary to the regulator's requirement that the buyer be independent with less than 10% market share.
19 February 2026 · The Namibian →