Hangala Capital Makes Executive Appointment

Hangala Group is pleased to announce the appointment of Mr Trofimus (Trophy) Shapange as the new Managing Director of Hangala Capital, effective from 1st October 2020. Trophy brings to the position a wealth of knowledge and an array of experience in the financial services industry. The combination of his experience, energy and philosophy makes him an ideal fit for Hangala Capital's next stage of growth.

Trophy is a qualified Chartered Accountant and a member of the Institution of Chartered Accountants of Namibia (ICAN)  as well as the South African Institute of Chartered Accountants (SAICA). He holds a Master's degree in Business Administration, from Herriot-Watt University, Scotland, Bachelor of Commerce Honours from the University of Kwazulu Natal and Bachelor of Accounting from University of Namibia.

Trophy started his career at PwC Namibia in 2006 and has over 14 years experience in Assurance and Business Advisory Services providing external  audit to major clients mainly in the financial services industry. He was admitted as the financial services partner of PwC Namibia on 1st July 2018.

Hangala Capital is the financial services arm of Hangala Group with asset management and private equity offerings. Hangala Capital has teamed up with Prescient Investment Management and Prescient Fund Services whereby these two (2) companies provide portfolio and administration management service in asset management offerings. On the private equity side, Hangala Capital has secured a N$ 500 million debt mandate from GIPF to fund infrastructure in areas of transport and logistics, water, energy telecommunications, education, agriculture as well as health infrastructure.

"After a thorough and rigorous engagement process we are delighted that Mr Shapange has agreed to join Hangala Capital as its Managing Director. He has excellent business experience, education, good understanding of the Namibian financial services industry and the drive to help us take Hangala Capital to the next level of growth and development. We are very pleased that we have been able to attract someone with the calibre, track record and standing such as that of Mr Shapange. We are looking forward to working together with Mr Shapange as he joins the Executives at Hangala Group to continue the exceptional growth of our business." Said Dr Leake S Hangala, Executive Chairman of Hangala Group.