Nominated for Five Awards in Total, Including Best Company in Food Security and Best Company in Poverty Reduction. Other Nominees Included Nestle, Unilever, Dangote Sugar, Anheuser-Busch’s International Breweries, Fidelity Bank, Total Energies and Airtel

Tingo Group, Inc., a profitable, multi-national fintech, agri-fintech, food processing and commodity trading company, has won the ‘Outstanding New Entry’ category at the 17^th annual SERAS Africa CSR & Sustainability Awards held recently, having been nominated as a finalist in five categories.

Interim Co-Chief Executive Officer of Tingo Group, Inc.,Dozy Mmobuosi, commented thus: “I am extremely proud to win our first SERAS Award and of Tingo’s recognition at Africa’s most prestigious CSR and Sustainability Awards. It is also great testament to the progress we have made towards achieving our Environmental, Sustainability and Governance objectives that we were nominated for no less than five SERAS Awards alongside some of Africa’s, and the world’s, most well-known and highly regarded organizations.

“Our recognition by the SERAS Awards and its esteemed panel of judges underscores our commitment to our mission, which includes our goals of making a difference towards improving global food supply, overcoming poverty and tackling the world’s food security crisis by delivering farmer empowerment, improved crop yields, reduced spoilage and better access to markets.

“We look forward to building on this success as we further develop and grow our business in 2024 and beyond, not only in terms of making a difference towards sustainability, but also as we strive to increase shareholder value.”

Also, Interim Co-Chief Executive Officer of Tingo Group, Inc., Ken Denos commented: “Our win in the ‘Outstanding New Entry’ category and nominations in four additional award categories is further validation that our agri-fintech eco-system and full solution is making a difference to farmers’ lives, delivering financial and technological inclusion, improving access to vital inputs, increasing crop yields, and reducing post-harvest losses, all of which contribute to our goals of food security and poverty reduction. We would like to thank SERAS for this prestigious award and nominations as we continue making significant progress towards achieving our mission”.

The other nominees for the ‘Outstanding New Entry’ award included Vodacom Tanzania Foundation (a company in the Vodafone Group), Bamburi Cement (a company in the Lafarge group), KBL (a company in the Diageo group) and Seplat Energy PLC.

Tingo also received nominations in four other award categories, including Best Company in Food Security, Poverty Reduction, Stakeholder Engagement, and Use of Storytelling/Communications. Other nominees for those awards included some of Africa’s, and the world’s, largest companies, including Nestle, Unilever, Dangote Sugar, Anheuser-Busch’s International Breweries, Fidelity Bank, Total Energies and Airtel.

The SERAS, standing for Sustainability, Enterprise, and Responsibility Awards, are regarded as the gold-standard and most prestigious accolades for corporate social responsibility and sustainability in Africa. With partners including the UN Global Compact, the Senior Special Assistant to the President on SDGS, the Journalists and Writers Foundation, and Nigeria’s Federal Inland Revenue Service, The SERAS are recognized as the most credible business awards in Africa. The growing importance of The SERAS has led to participation from organizations from 19 countries in Africa, including Coca Cola, DHL, Nestle, Diageo, Procter & Gamble, Access Bank, Zenith Bank, Unilever, Shell, Samsung, Airtel, Cadbury, Chevron, Dangote, Exxon Mobil, Total Energies, Fidelity, Investec, Lafarge and First Bank.

Source: Press Release