Tingo (OTCQB: TMNA) has long supported farmers in Africa, especially women-led businesses, but its wholly owned subsidiary Tingo Mobile is elevating that support to the next level. The company is set to launch a ₦2.5 billion (approximately $6 million) fund to award grants mainly to female farmers and inspire a new generation of leaders committed to helping Nigeria reach its potential both in Africa and beyond. The company awarded the first ₦600,000 grant at the Exquisite Ladies of the Year (“ELOY”) Awards held in Lagos on Nov. 26, 2021. The award recipient was Etimbuk Imuk, a female farmer producing edible mushrooms that meet international standards. “With a proven commitment to supporting the Nigerian farming community, Tingo continues to find new ways to support the community throughout the country,” a recent article reads. “Through its device-as-a-service model, the company offers rural farmers the opportunity to use mobile devices to access Nwassa – its proprietary online agri-marketplace platform…” In addition, farmers have access to mobile wallet and payment services through TingoPay. “Now Tingo appears poised to deliver genuine gender equality and diversity by empowering women entrepreneurs who work in the agri-ecosystem.” The company is also poised to change the gender gap in the labor market in sub-Saharan Africa by investing in women’s economic empowerment, which establishes a direct route toward gender equality, poverty eradication and inclusive economic growth.

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About Tingo International Holdings

Tingo is a unique agri-fintech company using smartphones to deliver a marketplace that enables 10 million subscribers to manage their commercial activities of growing and selling their products to market participants. The ecosystem provides a one-stop-shop solution to enable subscribers to manage everything from airtime top-ups, bill pay services for utilities and other service providers to access to insurance services and microfinance to support their value chain from seed to sale. Tingo has two innovative platforms: Nwassa, Africa’s first digital agriculture ecosystem, and Tingo Pay, a mobile payment gateway. Tingo International Holdings is a majority shareholder in Tingo Inc., which owns 100% of Tingo Mobile PLC in Nigeria. For more information, visit the company’s website at www.TingoInc.com.

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