TMNA - Tingo Inc. (TMNA) Pioneers an ESG Approach Within the African Continent
- Women in Africa have often suffered from severe gender disparity; over a third of Africa’s female rural population have never accessed formal education with less than 24% having access to the Internet via a mobile device
- Tingo, Inc’s agri-marketplace platform, Nwassa, as well as its TingoPay payments system have sought to provide the company’s millions of stakeholders with the ability the means to achieve digital financial inclusion
- Tingo, Inc. has long professed social ambitions alongside their commercial agenda; the company has recently launched a ?2.5bn fund to promote and support female farmers amongst its various other social initiatives
- ESG investing has rapidly gained adepts across developed markets with as much as 89% of new fund inflows in 2021 being directed towards ESG-driven investment mandates
Women in Africa have typically suffered from gender disparity, with the condition particularly acute in regard to access to education, ownership of resources, and engagement with information and communication technologies. Whilst a myriad of African countries has made progress in narrowing gender gaps, these persist – particularly within rural areas. A survey carried out by research agency, Afrobarometer, found that on average, over half (55%) the female population across 34 African countries resided in rural areas, with close to one-third (32%) not receiving any formal education and a mere 24 percent of rural women having access to the Internet via mobile phone (https://ibn.fm/wNyx8). Since the company’s inception, Tingo (OTC: TMNA) has maintained a steadfast commitment towards gender equality; in particular, the company has sought to both, alleviate poverty whilst simultaneously, promote digital financial inclusion among its millions of female stake holders across the African continent.
Nigeria’s agricultural sector contributes almost 25 percent of the nation’s GDP, with farmers – many of them female, making up 66 percent of the country’s workforce. As such, Tingo has long been cognizant that...
NOTE TO INVESTORS: The latest news and updates relating to TMNA are available in the company’s newsroom at http://ibn.fm/TMNA
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