Vivo Energy

Vivo Energy is a distributor of fuels and lubricants across Africa, offering Shell and Engen-branded products to meet the energy needs of local markets.

CCI Score

41.43

-0.02% April 18

Latest Event

Vivo Energy's $550M South Africa Investment Post-Engen Merger

Vivo Energy announced a significant investment of approximately $550M into its South African operations following its merger with Engen. The deal includes a range of public interest commitments such as preventative measures against job losses, provisions for worker ownership, and long-term supply agreements that secure fuel purchases from local refineries, thereby supporting local industry.

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DISSENTER

Vivo Energy is currently rated as a Dissenter.

+25 to +44 CCI Score

These companies are vocal in their opposition to authoritarian regimes. They publicly criticize oppressive policies and engage in advocacy efforts to promote accountability and transparency, even if their actions aren’t as extensive as those of Moral Leaders.

Latest Events

MAY

23

2024

Vivo Energy's $550M South Africa Investment Post-Engen Merger
59.37

Vivo Energy announced a significant investment of approximately $550M into its South African operations following its merger with Engen. The deal includes a range of public interest commitments such as preventative measures against job losses, provisions for worker ownership, and long-term supply agreements that secure fuel purchases from local refineries, thereby supporting local industry.
+70

Labor Relations and Human Rights Practices

March 28

The merger agreement features a significant provision for workers’ ownership and measures to prevent job losses, reflecting a strong commitment to labor rights and empowering employees—key anti-fascist and pro-worker values.

Vivo Energy Invests $550M in South Africa Post-Engen Merger
+60

Supply Chain Ethics

March 28

The agreement mandates long-term fuel purchase commitments from local refineries, ensuring sustainable support for local industries and ethical supply chain practices which benefit regional economies.

Vivo Energy Invests $550M in South Africa Post-Engen Merger
MAY

23

2024

Vivo Energy Announces R10bn Expansion Investment in South Africa
28.62

Vivo Energy announced a major investment of over R10 billion to expand its operations in South Africa, aiming to upgrade service stations, expand its retail network, and enhance supply chain infrastructure. The expansion, highlighted by a public-private partnership with the South African government and endorsed by Minister Ebrahim Patel and company CEO Christian Chammas, is expected to create thousands of jobs and stimulate local economic development.
+40

Executive Political Engagement

March 28

The company’s active collaboration with the South African government, underscored by the involvement of Minister Ebrahim Patel and CEO Christian Chammas's public endorsement, exemplifies a strong commitment to sustainable and inclusive political engagement. This reinforces democratic partnerships in advancing economic development rather than consolidating authoritarian influence.

Vivo Energy to Invest R10bn in South Africa Expansion
+30

Labor Relations and Human Rights Practices

March 28

The expansion is projected to generate thousands of direct and indirect jobs, thereby enhancing labor conditions and providing new opportunities for local workers. This commitment to worker rights and fair labor practices supports more equitable economic growth.

Vivo Energy to Invest R10bn in South Africa Expansion
+20

Economic Collaboration

March 28

The significant capital infusion is designed to modernize service stations and upgrade the supply chain, which is expected to have positive ripple effects across sectors such as construction, retail, and logistics. This economic collaboration fosters broader structural improvements and reinforces local economic resilience.

Vivo Energy to Invest R10bn in South Africa Expansion
MAY

22

2024

Vivo Energy Signs Public Interest Commitment for Engen Acquisition
58.44

On May 22, 2024, Vivo Energy—a subsidiary of Vitol—signed a framework agreement with South Africa's Department of Trade, Industry and Competition. The agreement mandates significant local investments, local procurement targets, and the establishment of a worker ownership trust for Engen, ensuring job protection and improved labor rights.
+60

Public and Political Behavior

March 28

The agreement with the dtic underscores Vivo Energy's commitment to public interest. By accepting government-imposed transformative measures, including worker inclusion and local economic support, the company positions itself as supporting progressive principles.

Government and Engen’s new owners, Vitol agree on public interest commitments including R10bn in capital commitments and worker ownership as conditions to its acquisition of Engen
+80

Labor Relations and Human Rights Practices

March 28

The establishment of a worker ownership trust—granting a growing share of Engen's equity to 2,100 workers along with guaranteed dividends—demonstrates a strong commitment to labor rights and inclusive corporate governance.

Government and Engen’s new owners, Vitol agree on public interest commitments including R10bn in capital commitments and worker ownership as conditions to its acquisition of Engen
+50

Economic Collaboration

March 28

Commitments for substantial local procurement and capital investment—including support for renewable energy and local refinery sourcing—highlight efforts to boost local economic development and reduce structural inequalities.

Government and Engen’s new owners, Vitol agree on public interest commitments including R10bn in capital commitments and worker ownership as conditions to its acquisition of Engen
MAY

22

2024

Vivo Energy Completes Engen Acquisition, Expanding Pan-African Network
19.28

Vivo Energy has finalized its acquisition of Engen Limited, absorbing Petronas' 74% stake to form a pan-African energy conglomerate with over 3,900 service stations and more than 2.1 billion liters of storage capacity across 28 markets. The deal includes significant Broad-Based Black Economic Empowerment measures in South Africa, with a 26% aggregate ownership by historically disadvantaged persons, and commitments to invest in renewable solar energy projects.
+50

Business Practices and Ethical Responsibility

March 28

The acquisition incorporates robust B-BBEE measures, including a 26% combined stake for historically disadvantaged persons, which promotes greater economic inclusion and ethical business practices. This effort to address longstanding inequities in the energy sector is a positive step from an anti-fascist perspective.

Nigerian tycoon Temitope Lawani-linked Vivo Energy completes acquisition of Engen from Petrona
-15

Economic and Structural Influence

March 28

The consolidation of market power across 28 African markets raises concerns about economic concentration and the potential for regulatory capture. While the deal promotes inclusion through B-BBEE measures, the formation of a dominant corporate entity could undermine competition and local market dynamism.

Nigerian tycoon Temitope Lawani-linked Vivo Energy completes acquisition of Engen from Petrona