Also known as: NASAN Energies (Pty) Ltd · Renthia Kaimbi Nasan Energies
Oil marketing company that acquired 52 service stations from Vivo Energy in May 2026, becoming Namibia's third-largest fuel retailer.
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Informanté
Nasan Energies completed acquisition of 52 Engen and Shell-branded service stations in US$50 million transaction
“In the downstream energy sector, Namibian-owned Nasan Energies has completed the acquisition of 52 Engen and Shell-branded service stations across the country in a transaction estimated at US$50 million.”
Namibia’s energy sector enters new phase of investment and ownershipWindhoek Observer
Nasan Energies challenged some of the conditions, arguing they could restrict its ability to competitively source petroleum products
“Nasan Energies challenged some of the conditions, arguing that they could restrict its ability to competitively source petroleum products and respond to changing market conditions.”
Amutse suspends NaCC conditions in Nasan merger reviewThe Namibian
Nasan Energies bought 42 service stations from Vivo Energy in May
“Nasan bought 42 service stations from Vivo Energy in May.”
Minister overturns Nasan competition conditionsThe Namibian
Nasan took over 52 Vivo Energy service stations on 27 May
“Nasan Energies, which is majority-owned by Miguel Hamutenya, the son of Millenium Group founder Mathews Hamutenya, took over on 27 May.”
‘Broken promises’ and ‘chaos’The Namibian
Nasan Energies allegedly failed to uphold verbal promises to fuel retailers for cash incentive extension
“NASAN Energies has allegedly failed to uphold verbal promises it made to fuel retailers to extend a cash incentive for ordering fuel in advance.”
Nasan ‘fails’ to honour promises to its retailersThe Namibian
Nasan Energies allegedly agreed to extend incentive past June until end of August
“Nasan organised a meeting with its retailers on Tuesday, where the company allegedly agreed to extend the incentive past the month of June until the end of August.”
Nasan ‘fails’ to honour promises to its retailersWindhoek Observer
Nasan Energies is accused of failing to deliver fuel paid for upfront by retailers
“The Fuel and Franchise Association (FAFA) has accused Nasan Energies of failing to deliver fuel paid for upfront and for not honouring agreements made with divested retailers.”
Fuel retailers accuse Nasan of breaking supply promisesWindhoek Observer
Nasan Energies is accused of breaking delivery commitments on timing
“Where deliveries happened, they were "well outside the 24-hour and next-working-day windows expressly committed to by Nasan."”
Fuel retailers accuse Nasan of breaking supply promisesThe Namibian
Nasan Energies was given greenlight by the Namibian Competition Commission to buy 52 petrol stations, making it the country's third-largest fuel retailer
“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
Nasan Energies experienced logistical issues during takeover of 52 new stations
“Ludeke says the association is concerned about more service stations running out of fuel as logistical issues plague Nasan Energies's takeover of 52 new stations.”
Fuel shortages hit Nasan service stationsNamibia's government holds a 24% equity stake in the Hyphen Green Hydrogen Project through the Sovereign Wealth Fund, with its share funded through grants from development partners. The country is also expanding uranium exploration in the Omaheke Region and Nasan Energies has acquired 52 service stations to become Namibia's third-largest oil marketing company.
20 July 2026 · Informanté →
Namibia's government holds a 24% equity stake in the Hyphen Green Hydrogen Project through the Sovereign Wealth Fund, with its share funded through grants from development partners. The country is also expanding uranium exploration in the Omaheke Region and Nasan Energies has acquired 52 service stations to become Namibia's third-largest oil marketing company.
20 July 2026 · Informanté →
Minister of Industries, Mines and Energy Modestus Amutse has approved the merger between Nasan Energies and the divestiture business from Vivo Energy and Engen Namibia, while suspending enforcement of several conditions imposed by the Namibia Competition Commission. The decision follows a review application by Nasan Energies in April; the merger involved Nasan acquiring 52 Shell and Engen service stations divested as a competition remedy after Vivo Energy acquired Engen's downstream fuel business.
13 July 2026 · Windhoek Observer →
The Independent Patriots for Change has accused the government of weakening fuel-sector competition by suspending restrictions on Nasan Energies sourcing fuel from Vitol. The restrictions were imposed by the Namibian Competition Commission in April over concerns the deal would substantially lessen competition, but line minister Modestus Amutse suspended them under Section 49 of the Competition Act; IPC claims Vitol already controls between 75% and 85% of Namibia's wholesale fuel market.
8 July 2026 · The Namibian →
Namibia's energy minister has suspended competition commission conditions that prohibited Nasan Energies from buying fuel from Vitol for five years following its acquisition of 42 service stations from Vivo Energy in May. The suspension is temporary and attributed to concerns about the state's fuel import costs and the financial strain on the National Energy Fund.
6 July 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 →
Energy minister Modestus Amutse told parliament that international oil trader Vitol was selected to supply fuel to Namibia for three months because it required no government guarantees, whereas state oil company Namcor and other bidders needed guarantees the government was unwilling to provide. Vitol will supply fuel at the basic fuel price the government calculates monthly.
10 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 →
The Fuel and Franchise Association of Namibia says Nasan Energies failed to honour verbal promises to extend a cash incentive for fuel retailers ordering in advance and to deliver fuel on time. Nasan had agreed in a Tuesday meeting to extend the 50-cent-per-litre rebate past June until end of August and to offer seven-day credit terms to certain retailers previously supplied by Vivo Energy Namibia Limited.
8 June 2026 · The Namibian →
The Fuel and Franchise Association says Nasan Energies has failed to deliver fuel paid for upfront and has not honoured agreements made with divested retailers. FAFA claims Nasan promised a three-month 'Bring the Cash Incentive' and to honour existing seven-day credit terms, but did not provide written confirmation and has failed to deliver orders within promised timeframes.
8 June 2026 · Windhoek Observer →
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 →
At least four service stations supplied by Nasan Energies have run dry in recent days as logistical, financial and supply issues plague the company's takeover of 52 new stations. Fuel and Franchise Association chairperson Michael Ludeke says retailers are being affected worst financially, particularly due to Nasan's shift from a "load-over-load" payment model to upfront payment for fuel orders.
4 June 2026 · The Namibian →
The Independent Patriots for Change has accused the government of monopolistic tendencies after the Minister of Mines and Energy announced Vitol Bahrain E.C. as Namibia's sole supplier of bulk petroleum products from July to September 2026. The three-month deal is expected to save the country about N$1 billion, though the Namibian Competition Commission earlier found Vitol controlled an estimated 75% to 85% of the intra-wholesale fuel market.
3 June 2026 · Informanté →
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 Independent Patriots for Change has called on the energy ministry to explain why it awarded international oil trader Vitol a three-month exclusive fuel supply contract without competitive tender. Shadow minister Rodney Cloete questioned the lack of transparency, the full terms of the agreement including pricing, and cited Vitol's 2020 admission of bribery in three countries.
2 June 2026 · The Namibian →
Nasan Energies, which acquired 52 service stations from Vivo Energy, is requiring fuel retailers to pay upfront for fuel rather than the traditional post-delivery payment model. Retailers claim Nasan lacks operational cash flow and is forcing prepaid contracts that differ from the original Vivo agreements.
1 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 →
Nasan Energies is in final stages of acquiring 52 business units from Vivo Energy and Engen Namibia, a regulatory-mandated divestiture intended to increase market competition. The company has completed its retail identity, implemented new operational systems, and secured fuel supply contracts ahead of the Namibian Competition Commission's final decision.
18 March 2026 · The Namibian →
The Namibia Youth Energy Forum says local ownership in Namibia's oil, gas and green hydrogen industries should be seen as a strength, not a threat, and supports inclusive youth participation. The forum backs Nasan Energies' acquisition of 52 service stations as a step toward increasing Namibian participation in the downstream fuel sector.
2 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 →
Local energy company Nasan Energies has reached the final stages of acquiring 52 service stations from Vivo Energy and Engen Namibia, following a Namibia Competition Commission stakeholders' conference in Windhoek. Interested parties have 30 days to submit data before a final decision is made on the transaction, which would make Nasan the third-largest player in Namibia's retail fuel market.
23 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 →