Description of Activities

Description of transaction: The Commission resolved to approve without conditions the acquisition that involves a move from joint to sole control, in that Sedgeley Solar Management (Proprietary) Limited (“SSM”) will acquire the remaining shareholding in Khomas Solar-Saver (Pty) Ltd (“KSS”).  

Acquiring group: The primary acquiring undertaking is SSM. The acquiring group business activities mainly revolves around private financing of renewable energy projects across Africa, as well as investments in agribusiness, food and water, energy, and financial institutions. In Namibia, its activities include owning rooftop solar photovoltaic (PV) projects that serve the commercial and industrial market, and managing a fund dedicated to developing and constructing large-scale green hydrogen infrastructure. Further, the acquiring group is involved in ownership of small-scale rooftop and ground-mount solar PV projects that are rented to customers in the Commercial & Industry market for purposes of on-site (“behind-the-meter”) electricity generation.    

Target undertaking: The primary target undertaking is KSS. The target through its subsidiary has over 300 solar PV installation projects, mostly done for shopping centres, hospitals, farms, cold storage facilities, hotels and manufacturing plants, etc and in addition comprise small scale rooftop and ground-mount solar PV projects that are rented out to customers in the commercial and industrial solar market for purpose of on-site electricity generation.  

Relevant market: Defined as the relevant product market to be the sales and rental of rooftop renewable solar PV systems 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___