Energy minister grants Vitol exclusive fuel import mandate
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.
Exclusive fuel-supply contract to Vitol worth N$2.4 billion monthly raises serious accountability concerns over sector capture and competition process circumvention.
9 hours ago · The Namibian →