Nasan Energies has received approval to buy 52 fuel service stations across the country from Vivo Energy Namibia, in a major deal for the local fuel market.

The stations operate under the Engen and Shell brands.

The approval follows a public meeting organised by the Namibia Competition Commission, where more than 100 people attended to give their views on the deal. The outcome supported the takeover by Nasan Energies, one of the few locally owned companies entering the sector at this level. Managing director Jean-Blaise Ollomo thanked the public and stakeholders for their support during the two-year process.

“We are pleased with the outcome and remain committed to maintaining high standards in our operations. The next step is to work with dealers and stakeholders to complete the process,” he said.

The deal comes after Vivo Energy bought Engen’s parent company in 2024, which included its Namibian business. After a review process, Nasan Energies was chosen as the preferred buyer.

Co-founder Miguel Hamutenya said changes will soon be seen at the stations.

“Rebranding will start at the end of the month and the public will see changes across the country. We want the public to support this process. We will continue to offer trusted service while working more with local suppliers,” he said.

Once the deal is completed, Nasan Energies will become the third-largest fuel retailer in Namibia, behind Vivo Energy and Puma Energy. The company said the move will help grow local ownership in the fuel sector, which has long been dominated by foreign companies. It also aims to create jobs and support local businesses. Nasan Energies said it plans to build a strong operation and expand its presence in the oil and gas sector, with a focus on service delivery and local empowerment. -pmukokobi@nepc.com.na