insert_link Business / Economics 6-13 June 2024 Weekly Economics Wrap: Namibia’s Fuel Sector Divestment, African Trade Growth, and Global Market Shifts Namibia: Vitol Emerald Bidco to Divest Service Stations In a bid to uphold fair competition standards, Vitol Emerald Bidco (Pty) Ltd is set to divest from 58 Engen and Shell service stations across Namibia. This move comes as a requirement following Vitol's acquisition of Engen Ltd, with the Namibian Competition Commission imposing the condition to prevent monopolistic dominance. The decision aims to ensure a level playing field in the country's […] todayJune 13, 2024 18