… In a defamation case filed at the Windhoek High Court in May last year, Hamutenya, who is the founder and executive chairperson of the Millennium Investment Holdings group of companies, is alleging that the woman he is suing “falsely and maliciously” filed a charge of rape agains …
June fuel prices frozen; government absorbs under-recovery costs
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·The Namibian
… LOCAL FOOTPRINT Vitol operates indirectly in Namibia via downstream investments and regional supply chains through Validus Energy.Records show that Vitol holds a 70% stake in Validus Energy Namibia, while Millennium Investments holds 30%. …
… The chairperson of the forum’s advisory board is Miguel Hamutenya who simultaneously serves as: • chief executive officer of Millennium Investment Holdings• regional executive manager of Validus Energy• co-founder and director of Nasan Energies In June 2025, a Namibia Youth Energ …
… He argued that NYEF’s advisory board chairperson, Miguel Hamutenya, simultaneously serves as the CEO of Millennium Investment Holdings, the entity that owns 30% of Validus Energy. …
Businessman Mathews Hamutenya is suing a Windhoek resident for N$300,000, alleging she falsely accused him of rape from 2006 and defamed him. The Office of the Prosecutor General declined to prosecute him in December 2024 after investigation of the complaint she filed in August 2024.
Businessman Mathews Hamutenya is suing a Windhoek resident for N$300,000, alleging she falsely accused him of rape from 2006 and defamed him. The Office of the Prosecutor General declined to prosecute him in December 2024 after investigation of the complaint she filed in August 2024.
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."
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.
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.
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.
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.
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.
President Nandi-Ndaitwah's two sons have rejected opposition leader Panduleni Itula's allegations that they are involved in Namibia's oil sector through their private businesses. The brothers, who operate a farming business and a logistics company respectively, issued a detailed rebuttal denying any interest in oil and characterizing Itula's claims as lies intended to discredit the first family.
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.
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.