Description of Activities

Description: The Commission resolved to approve without conditions the transaction that entails Maponya Energy Proprietary Limited (“Maponya Energy”) acquiring the majority of the issued share capital of Unisun Energy Proprietary Limited (“Unisun Energy”) from Enertronica Santerno SpA.     

Acquiring group: The primary acquiring undertaking is Maponya Energy, Maponya Energy is controlled by Elias Phatudi Maponya, a natural person. The Maponya Group is active in a broad range of industries, including the property investment, health and fitness, energy, entertainment and gambling and retail in south Africa. 

Target undertaking: The primary target undertaking is Unisun Energy, which is controlled by Enertronica Santerno SpA. Unisun Energy is an independent power producer in Namibia. It currently runs the operation of the Okatope Solar PV plant in the Oshikoto Region, which provides power exclusively to NamPower. 

Relevant market: Defined the relevant product market as the production of electricity through renewable energy in Namibia.   

Merger Determination

The Commission found the proposed transaction unlikely to result in the prevention or substantial lessening of competition or result in any undertaking to acquire or strengthen a dominant position in the market and did not raise any public interest concerns. 

Merger Determination No.3 of 2026___