Tingo Group Wins ‘Outstanding New Entry’ at The SERAS Africa CSR / Sustainability Awards

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

MONTVALE, N.J., Dec. 18, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable, multi-national fintech, agri-fintech, food processing and commodity trading company, won ‘Outstanding New Entry’ at the 17^th annual SERAS Africa CSR & Sustainability Awards held on the evening of Friday, December 15, 2023, having been nominated as a finalist in five categories.

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.

Dozy Mmobuosi, Interim Co-Chief Executive Officer of Tingo Group, Inc. commented: “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.