Governance

Directors and Key Personnel

Tina Eboka

Chairperson • South African

MBA Philadelphia University and BS in Applied Mathematics and Textile Engineering at SUNY, USA. Group Managing Director of NTP Radioisotopes, SOC; Formerly Executive Director of Group Corporate Affairs at Standard Bank. She worked for the Council for Scientific & Industrial Research (CSIR) for seven years, including being VP for Organizational Development and divisional ED. Tina holds a number of board memberships and has received several awards and honours.

Futhi Mtoba

Director • South African

2017 Fellow at Harvard’s Advanced Leadership Initiative.  C.A. (SA), DCom (Honaris Causa), Former Partner and Chair of the Board of Deloitte Southern Africa and first black woman Partner of big 4 Audit firms in South Africa. First woman President of Business Unity South Africa (BUSA) and of Association for the Advancement of Black Accountants (ABASA) and Founder Teach South Africa. Former member of UN Global Comact, IMF Advisory Group for SSA, WEF Global Advisory Council, B20 Financing Growth and Infrastructure Task Force. Currently, non-executive Director of South 32 Limited, Chairman of WDB Trust, Chairman of Council of Univ. of Pretoria.

Mads Asprem

Director • Norwegian

MBA Chicago. BSc Wharton School. 2017 Fellow at Harvard’s Advanced Leadership Initiative. Founded NewAfrica Bioenergy in 2018. He had a 20 years’ career in global equities (heading world leading (II #1) forestry equity research teams) working for CSFB, Merrill Lynch and Morgan Stanley where he was for 10 years and was an MD. He founded Green Resources in 1995 and was CEO of the company from 2007-2016. Met as a Substitute Member of the Norwegian Parliament.

Bo Eriksson

Director • Swedish

Business studies at University of Gothenburg. Extensive experience in corporate finance, risk management and internal control from a number of listed companies such as Stora Enso (Finland), Munksjö (Finland) and Kinnevik (Sweden). In these companies has he been active in the roles of Group Controller, CFO and other senior positions.  During his time in Stora Enso, he ran a number of capital market project such as listing on the company at NYSE, formation and financing of Europe’s largest forest company Bergvik Skog AB.

Odd Ivar Løvhaugen

Director of NAB • Norwegian

MSc in Forestry from the Norwegian University of Agriculture. He has worked within the forestry sector for more than 20 years., mostly at Norwegian State-owned Forests (Statskog SF) where he was COO for six years. He was CEO in Green Resources as for two years and was a Director for a number of years. Løvhaugen has also extensive executive experience outside the forestry sector, including being CEO in Namsos Trafikkselskap ASA for 12 years, a company listed at Oslo Stock Exchange. Most recently, Odd Ivar worked six years in Norwegian banking focused on financing activities related to medium sized companies in a wide range of sectors.

Juha Nääppä

Chief Engineer • Finnish

Has almost 30 years’ experience from the Power Industry. He has wide experience of completing power plant construction project designs, commissioning, delivering power plant equipment and services for the customers. He has worked on and managed 11 different projects with a combined capacity of 270 MWel, mostly based on biomass feedstock. He has been Project Manager for several CHP power plant projects in Europe, including working for UPM Kymmene and for plant manufacturer Renewa. He was also working as Technical Director for Sao Hill Energy developing a biomass CHP plant project in Tanzania. Juha has studied engineering at Evtek Institute of Technology.

Tinotenda Jakazi

General Counsel • Zimbabwean

BA Rhodes University, South Africa. LLB Rhodes University, South Africa. LLM Strathclyde University, Scotland, UK. Registered Legal Practitioner of the High Court of Zimbabwe. He worked in private legal practice in Zimbabwe for five years, specialising in commercial and corporate law. Tino has worked with NewAfrica since 2021 as General Counsel, and on bioenergy project development in South Africa, Ghana, Zimbabwe, Sierra Leone and Eswatini. 

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Zimase Dlamini

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Corporate Structure

NewAfrica Bioenergy Limited

  • Country: United Kingdom
  • Company Registration: 10890538
  • Registration Date: 31/07/2017
  • Directors:
    • Bo Eriksson, Swedish (Chairman)
    • Mads Asprem, Norwegian
    • Odd Ivar Løvhaugen, Norwegian

Mafungwase Holdings Proprietary Limited

  • Country: South Africa
  • Company Registration: 2012/006356/07
  • Registration Date: 16/01/2012
  • Directors:
    • Nolitha Fakude, South African

New Africa Clean Energy Proprietary Limited

  • Country: South Africa
  • Company Registration: 2018/344504/07
  • Registration Date: 25/06/2018
  • Directors:
    • Tina Eboka, South African (Chairperson)
    • Mads Asprem, Norwegian
    • Ntombifuthi Mtoba, South African
    • Bo Eriksson, Swedish

Makhado Bioenergy Proprietary Limited

  • Country: South Africa
  • Company Registration: 2023/828446/07
  • Registration Date: 29/06/2023
  • Directors:
    • Tina Eboka, South African
    • Mads Asprem, Norwegian
    • Ntombifuthi Mtoba, South African
    • Bo Eriksson, Swedish