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TinyGemsBreaks – MICT Inc.’s (NASDAQ: MICT) Subsidiary Establishes Strategic Presence in Malawi and East Africa

MICT (NASDAQ: MICT) announced that, together with its wholly owned subsidiary Tingo (OTC: TMNA) (“Tingo Mobile Limited” or “Tingo Mobile”), has today launched in Malawi, as it establishes a strategic presence in East Africa and accelerates its pan-African rollout. Having already achieved a substantial user base in West Africa, Tingo Mobile’s move into Malawi is an important development due to its sizeable target market for Tingo Mobile’s agri-fintech and fintech platforms and products. In addition, its strategic location is expected to facilitate accelerated expansion into other key East Africa territories, such as the neighboring countries of Tanzania, Zambia and Mozambique. “We welcome Malawi into our growing portfolio of geographical markets, as part of our pan-African and global rollout strategy,” said MICT CEO Darren Mercer. “I could not be more thrilled at the pace of our progress as we continue to internationalize the business and prosper from the benefits we share with Tingo Mobile’s customer base.”

To view the full press release, visit https://ibn.fm/vCC4D

About Tingo Inc./Tingo Mobile

Tingo, which is a wholly owned subsidiary of MICT, is the leading agri-fintech company operating in Africa, with a marketplace platform that empowers social upliftment through mobile, technology and financial access for rural farming communities. Tingo’s novel “device-as-a-service” model allows it to add market leading applications to enable customers to trade, buy top ups, pay bills, access insurance and lending services. With 9.3 million existing customers, Tingo is seeking to expand its operations across select markets in Africa. Tingo’s strategic plan is to become the eminent pan-African agri-fintech business delivering social upliftment and financial inclusion to millions of SME farmers and women-led businesses.

NOTE TO INVESTORS: The latest news and updates relating to TMNA are available in the company’s newsroom at https://ibn.fm/TMNA

About TinyGems

TinyGems is your guide to the best and brightest in the under-appreciated small-cap sector. As one of 50+ brands within the InvestorBrandNetwork (“IBN”), TinyGems provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to reach millions of social media followers; and (5) a full array of corporate communications solutions. It’s time to uncover some of the best-kept secrets on Wall Street. TinyGems features innovative small-cap companies with huge potential, putting a spotlight on the best and brightest of these disruptors that have the technology, the talent, the drive, and the business models to make a huge impact in the markets and in portfolios. Whether it’s a game changing technology, a new more profitable product or service, or a star in a hot sector, TinyGems is the go-to source for actionable intelligence.

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