The Frans Indongo Group is pleased to announce its acquisition of an equity stake in Bachmus Oil and Fuel Supplies. This strategic investment increases Namibian ownership in Bachmus, reinforcing the company’s status as a proudly Namibian-led enterprise.
This development aligns with The Frans Indongo Group’s mission to enhance local participation in key industries and underscores its commitment to fostering inclusive economic growth within Namibia. With majority Namibian ownership, Bachmus Oil and Fuel Supplies is well-positioned to contribute meaningfully to the nation’s emerging oil and fuel sector, ensuring that the benefits of industry growth are shared among local stakeholders.
Namibia’s oil and gas sector has attained global attention due to recent oil discoveries. Bachmus, under majority Namibian ownership, is well positioned to support the sector’s development while ensuring that Namibian businesses and communities are integral to this progress.
Jeremy George, Group CEO of The Frans Indongo Group, highlighted the strategic importance of the investment, stating: “This partnership signifies our dedication to ensuring that Namibians take a leading role in shaping the future of our country’s economy. Together with Corne Schalkwyk and Moov Fuel, we will build on Bachmus’s strong foundation to create a resilient and impactful enterprise that benefits all stakeholders.”
Corne Schalkwyk, a Namibian shareholder in Bachmus Oil and Fuel Supplies, expressed his enthusiasm for the strengthened local partnership, stating: “Achieving majority Namibian ownership is a significant milestone for Bachmus and our nation. This collaboration with The Frans Indongo Group and Moov Fuel reflects our shared commitment to harnessing Namibia’s energy potential for the benefit of our people.”
Moov Fuel, the South African-based shareholder, has welcomed this development. Fabian Magerman, Group CEO of Moov Fuel, commented:
“We are delighted to see Bachmus transition to majority Namibian ownership. This collaboration reflects a shared vision for growth and local empowerment, and we remain committed to supporting Bachmus in achieving its goals.”
With majority Namibian ownership and the combined expertise of its shareholders, Bachmus Oil and Fuel Supplies is set to embark on a new era of growth and innovation, contributing meaningfully to Namibia’s energy future.
About The Frans Indongo Group
The Frans Indongo Group is Namibia’s leading previously disadvantaged investment company, with a diversified portfolio spanning automotive, logistics, manufacturing, distribution, hospitality, retail, property and energy sectors. The Group is committed to promoting local ownership, driving economic growth and supporting sustainable development.
As a fully Namibian-owned entity, the Frans Indongo Group prides itself in a diversified portfolio of business investments across Namibia. Founded by Dr Frans Aupa Indongo, a local Namibian entrepreneur, the Group’s foundation is built on a commitment to sustainable growth and success. Since 2007, the Group has established itself as a successful investment firm, managed by a stable and capable independent Board and executive management team, all united with a goal to “Shape Today. Own Tomorrow.”
About Bachmus Oil and Fuel Supplies
Bachmus Oil and Fuel Supplies is a key player in Namibia’s oil and fuel sector, specialising in energy distribution and supply solutions. Bachmus Oil and Fuel Supplies was established in 1994 by Whitey Erasmus and Erhardt Bachran. Since then, the company has maintained a personalised approach to service delivery through excellence and expertise, maintaining trust in the society. The company is dedicated to delivering reliable energy services and fostering local participation in Namibia’s energy future.
About Moov Fuel
Moov Fuel has been part of the petrochemical sector since 1956, supplying and delivering high-quality fuel, lubricant and LPG products safely and responsibly to businesses across South Africa. Their extensive experience and commitment to excellence have been instrumental to the South African market.
