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Thursday, 23 July 2026
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Thursday, 23 July 2026
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Namibian press · Organization

Vivo Energy

Also known as: Vivo Energy Namibia Limited · Vivo Energy Ltd

International oil trader that acquired Engen Namibia's 52 service stations, which were subsequently divested to Nasan Energies as a competition remedy.

2023-06-082026-07-23
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What’s been said

Key points drawn from coverage. Tap a point to see the original sentence.

  1. June 2026

  2. The Namibian

    Vivo Energy cancelled supply agreement with Riteway Service Station on 22 May without warning

    Source

    “Samantha Wright, representing her parents as owners of the property, says Vivo cancelled their supply agreement on 22 May without warning, five days before all sites were supposed to move to Nasan.”

    ‘Broken promises’ and ‘chaos’

  3. The Namibian

    Vivo Energy was the previous owner with pay on load-over-load payment model

    Source

    “Retailers had agreements with Vivo Energy, the previous owner, that they would pay on a "load-over-load" model, meaning that they pay after the fuel is delivered.”

    Fuel shortages hit Nasan service stations

  4. The Namibian

    Vivo Energy stated will cease fuel supply to divestment sites as of 27 May 2026

    Source

    “With effect from 27 May 2026, Vivo Energy and Engen will no longer supply any of the divestment sites.”

    Nasan ‘forces’ clients into prepaid contracts
  5. March 2026

  6. The Namibian

    Vivo Energy sold 52 service stations (Engen and Shell-branded) to Nasan Energies

    Source

    “The service stations involved are Engen and Shell-branded and located throughout the country.”

    Nasan Energies to become Namibia’s third-largest fuel retailer after Vivo Energy service station acquisition
  7. February 2026

  8. New Era

    Vivo Energy completed the purchase of Engen Limited from Petronas in 2024

    Source

    “In 2024, Vivo Energy completed the purchase of Engen Limited from Petronas, which included the Engen Namibia business.”

    Vivo Energy service stations deal under scrutiny
  9. November 2025

  10. The Namibian

    Vivo Energy is hosting Corporate Golf Day at Windhoek Country Club and resort

    Source

    “Thursday Vivo Energy's Corporate Golf Day is taking place today at Windhoek Country Club and resort from 11h00.”

    Summer events you must know about
  11. June 2023

  12. The Namibian

    Vivo Energy launches Windhoek Marathon

    Source

    “The debut Vivo Energy Windhoek Marathon will consist of the full marathon, half-marathon, 10km and 5km categories.”

    Vivo Energy launches Windhoek marathon
Business

Minister suspends NaCC conditions in Nasan fuel merger

The News

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 →

Monday 13 July

  1. Minister suspends NaCC conditions in Nasan fuel merger

    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 →

Monday 6 July

  1. Minister suspends competition curbs on Nasan fuel purchases

    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 →

Monday 22 June

  1. NaCC merger conditions leave fuel dealers facing chaos and losses

    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 →

Wednesday 10 June

  1. Vitol awarded fuel supply tender over Namcor due to guarantee requirements

    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 →

Tuesday 9 June

  1. Former Namcor chief criticises N$7.2bn Vitol fuel deal

    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 →

Monday 8 June

  1. Nasan Energies accused of breaking promises to fuel retailers

    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 →

  2. Fuel retailers accuse Nasan of breaking supply agreements

    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 →

Sunday 7 June

  1. 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.

    7 June 2026 · The Namibian →

Thursday 4 June

  1. Fuel shortages hit Nasan service stations across Windhoek

    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 →

Tuesday 2 June

  1. Businessman denies political role in Namibia fuel supply deal

    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 →

Monday 1 June

  1. Nasan requires upfront fuel payments from 52 acquired service stations

    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 →

  2. Vitol awarded three-month exclusive fuel supply deal

    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 →

  3. Government mandates exclusive fuel sourcing from Vitol

    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 →

Tuesday 19 May

  1. Nasan Energies appeals NaCC fuel sourcing ban through legal review

    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 →

Thursday 2 April

  1. Fuel panic buying surges ahead of April price increases

    Motorists queued at service stations across Namibia yesterday to fill up before fuel prices rise by N$2.50 per litre for petrol and N$4 per litre for diesel on 1 April, prompting panic buying, hoarding, and complaints that wholesalers are withholding contracted supplies to profit from higher prices. The government says sufficient stocks exist and has reduced levies by 50%, but restrictions on bulk purchases by retailers like Agra are disrupting farming operations.

    2 April 2026 · The Namibian →

  2. Nasan Energies appeals five-year fuel sourcing ban from Vitol

    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 →

Friday 27 March

  1. NOSF enters new phase with market-based fees, wider access

    Namibia's National Oil Storage Facility, a N$6.5 billion investment in Walvis Bay designed to hold 75 million litres of fuel, is undergoing policy reforms to establish market-related tariffs and attract local entrepreneurs to its storage capacity. The facility aims to balance its role as a strategic energy buffer against global supply disruptions with expanded commercial participation and improved operational sustainability.

    27 March 2026 · New Era →

Monday 23 March

  1. Nasan Energies wins approval to buy 52 fuel stations

    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 →

Sunday 22 March

  1. Nasan Energies becomes third-largest fuel retailer after acquisition approval

    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 →

Thursday 19 March

  1. Nasan Energies approved to buy 53 service stations from Vivo Energy

    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 →

Wednesday 18 March

  1. Namibia's oil storage facility shields nation from fuel price shocks

    As global oil prices surge amid geopolitical instability in the Middle East, Namibia's National Oil Storage Facility provides strategic defence against supply disruptions and fuel price volatility. With 75 million litres capacity and three months of strategic reserves, the facility operated by Namcor centralises fuel imports and distribution while the National Energy Fund cushions consumers from rising global prices.

    18 March 2026 · New Era →

  2. Nasan Energies finalizes acquisition of 52 fuel retail units

    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 →

Thursday 12 March

  1. Namibia faces potential N$4.50 per litre fuel price hike in April

    Soaring international oil prices and Middle East tensions threaten to drive Namibian fuel prices to unprecedented heights in April, with the country's three-month fuel reserves and limited storage capacity posing supply challenges. Government officials and industry experts warn that while Namibia has sufficient reserves for 2–3 months, the country's infrastructure constraints and reliance on Middle Eastern oil through the Strait of Hormuz leave it vulnerable to supply disruptions, prompting authorities to explore alternative fuel sources and taxi associations to plan 10–12% fare increases.

    12 March 2026 · The Namibian →

Thursday 26 February

  1. President's sons deny oil industry involvement, reject Itula claims

    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.

    26 February 2026 · The Namibian →

Monday 23 February

  1. Nasan nears completion of 52 service stations acquisition

    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 →

Thursday 19 February

  1. Nasan-Vivo merger raises monopoly fears amid Vitol links

    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 →

Monday 16 February

  1. NaCC holds stakeholder meeting on Vivo Energy station sale

    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 →

Vivo Energy — Namibian press coverage · Namibia Minute