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SUBSIDIARY NAME

JOEDILA INVESTMENT CC

COUNTRY

NAMIBIA

SECTOR/ INDUSTRY

ENERGY

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

JUNE 21, 2021

ACQUISITION VALUATION

5.5 BILLION USD

TOTAL ASSET VALUATION

55 BILLION USD

MINING

JOEDILA INVESTMENT CC: Joedila Investment CC is a company registered in the Republic of Namibia licensed to trade in Petroleum products (Petroleum Wholesale License No. W/226/2018) under the Namibia Petroleum Products & Energy Act, 1990 and Petroleum Products Regulation 2000. It has a Petroleum Transit Permit under Section 17(1) (e) Customs & Excise Act No. 20 of 1998, to transport liquid fuels in and out of all Namibia borders from/to any territory in Africa and to offload to the National grid. It has obtained the support of the Ministry of Mines and Energy, Namibia to set up an oil refinery, oil storage, pipelines and to distribute all types of liquid fuels in Namibia. Joedila Investments CC is specializing in supplying Crude oil, Diesel and Petrol, Jet fuel and other refined petroleum products.

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