!Hanabeb appointed as new CEO of Erongo RED

The Board of Erongo RED announced the appointment of Immanuel !Hanabeb the new Chief Executive Officer of regional electricity distributor

This comes after an extensive and extremely competitive selection process.

!Hanabeb will succeed Fessor Mbango, whose contract ended on 30 April 2022 and he will assume his new role effective 1 June 2022. The Board thanked the former CEO, Mbango for his contribution to the company during his tenure and announced that Claude Tjizo will serve as the Acting Chief Executive Officer until !Hanabeb takes the reigns at Erongo RED.

The chairperson of the Erongo RED Board, Zoe Nambahu said that !Hanabeb’s extensive financial background and business development skills will help Erongo RED reach new heights whilst executing the mandate of the company to distribute and supply safe, reliable, sustainable and accessible electricity. “His strong leadership expertise will help in growing the business further, ensure sustainability and shareholder value”.

!Hanabeb holds a Master’s Degree in Development Finance from the University of Stellenbosch, and a Bachelor of Technology in Finance and Administration from the Namibian University of Science and Technology (NUST). He also holds a National Diploma in Cost Accounting from NUST and a Post Graduate Diploma from the University of Stellenbosch . In addition to his academic qualifications, !Hanabeb has more than 15 years of senior management experience. He brings a wealth of experience in strategy development, strategy implementation, business development, sales, revenue generation strategies, budgeting, accounting, finance, new product development, stakeholder engagement and project management.

Erongo RED is an electricity distributing company established in 2005 and is registered under the Companies Act of Namibia. The company has a significant presence in Erongo region, and currently provides electricity to towns and villages and their surrounding farming and rural areas. It is the only company in Namibia that now offers electricity as low as N$1,40 (excluding NEF and ECB Levy) per unit.