Tingo Group announced the opening of a new Africa headquarters in Lagos, Nigeria. The new headquarters, which is located in the main business and financial center of Victoria Island, Lagos, becomes the Company’s second office in the city, complementing its former headquarters, on Lagos Island, which has now become Tingo’s commodity trading and operational support office. The new three-story 60,000 square foot headquarters building has capacity to accommodate a workforce of up to 500, which is in addition to the 100 employees and consultants that can be accommodated at the 12,000 square foot office space on Lagos Island. The new headquarters, incorporating the latest communications and information-technology infrastructure, will enable the Company to accelerate its growth, including through the expansion of Tingo Mobile, Tingo Foods, TingoPay and several new businesses currently under development.
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