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.