Also known as: NASAN Energies (Pty) Ltd · Renthia Kaimbi Nasan Energies
Nasan Energies — fuel retailer and operator of 52 service stations acquired from Vivo Energy, facing fuel sourcing restrictions and payment model disputes.
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The Namibian
Nasan Energies has been given the green light by the Namibian Competition Commission to buy 53 service stations in Namibia
“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 stationsThe Namibian
Nasan Energies denied any connections between itself and Vivo Energy
“Nasan has denied any connections between itself and Vivo Energy, which the decision of the competition commission seems to confirm.”
Hamutenya’s Nasan wins approval to acquire 53 service stationsThe Namibian
Nasan Energies is entering the final stages of acquiring 52 business units
“Nasan Energies is entering the final stages of acquiring 52 business units, a move that will position the firm to become one of Namibia's first major locally owned oil marketing companies.”
Nasan Energies finalising strategic divestiture acquisitionThe Namibian
Nasan Energies was selected as preferred bidder in September 2025
“Nasan Energies was selected as the preferred bidder in September 2025 following an evaluation of technical expertise and financial proposals.”
Nasan Energies finalising strategic divestiture acquisitionThe Namibian
Nasan Energies is described as a 100% youth-owned, Namibian company
“We strongly support Nasan, because it is a 100% youth-owned, Namibian company.”
‘Local oil and GH2 ownership not a threat’New Era
Nasan Energies has reached the final stages of acquiring 52 service stations operated by Vivo Energy and Engen Namibia
“Local energy company Nasan Energies has reached the final stages of acquiring 52 service stations operated by Vivo Energy and Engen Namibia.”
Nasan service station deal edges closerNew Era
Nasan Energies was selected as the preferred bidder in September 2025 evaluation process
“In September 2025, Nasan Energies and Vivo Energy Namibia underwent an evaluation process that assessed technical expertise and financial proposals, resulting in Nasan Energies being selected as the preferred bidder.”
Nasan service station deal edges closerThe Namibian
Nasan Energies denied claims of a relationship with Vivo Energy
“Nasan Energies has denied claims of a relationship with Vivo Energy after competitors opposing the merger alleged it would create a monopoly rather than eliminate one.”
Nasan Energies merger with Vivo Energy stations raises monopoly concerns in NamibiaNew Era
Nasan Energies was selected as preferred bidder for service stations acquisition
“Following a thorough evaluation process that assessed both technical expertise and financial proposals, Nasan Energies was selected as the preferred bidder.”
Vivo Energy service stations deal under scrutinyThe 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.
6 hours ago · Windhoek Observer →
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.
6 hours ago · 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.
18 hours ago · 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 →
The Namibian Competition Commission is holding a conference this week in Windhoek to gather input on the proposed sale of over 50 service stations operated by Vivo Energy and Engen to Nasan Energies. The divestiture is a regulatory condition imposed when Vivo Energy acquired Engen, requiring some operations be sold to Namibian-owned companies with no prior ties to the merging parties.
16 February 2026 · New Era →