Tingo Inc (TMNA)

[Stock_Barber]

Digging into this company just leads to so many red flags...

During the 1990s, Chris Cleverly presented on Channel 4[5] and contributed to other television channels, radio and newspapers.[6][7]

In 2005, with British designer Ozwald Boateng, Cleverly co-founded the Made In Africa Foundation,[8] a Uganda-based organisation established to provide first-stage funding and business development of infrastructure projects. Cleverly was co-architect of a $1.5bn “Africa50” fund in conjunction with the African Development Bank.[9][10]

Later described by The Times as a someone "who ... has skipped from venture to venture with little apparent success",[2] Cleverly joined AIM-listed African Potash as its chairman in 2015. The company was developing the Lac Dinga potash project in the Republic of Congo.[11][12] However, the business collapsed in value and was delisted from AIM. Renamed Block Commodities it then focused on blockchain technology in 2018.[2][13] In 2019, Block Commodities was licensed to grow and import medicinal cannabis, striking deals to buy land in Sierra Leone;[14] however, the deals collapsed, Cleverly stepped down as chair, and the firms shares were suspended.[2]

In 2019, Cleverly, then a partner at private equity firm PAI Capital, led a bid to buy West Ham United Football Club.[2][4]

Cleverly is the president of Tingo, Inc, an agri-fintech company, and of Tingo International Holdings, an investment company.[15]