Changes in MTI Investment group management

STOCKHOLM, SWEDEN - MTI Investment announces changes in group management, with a reduction of costs in the Swedish parent company and a stronger presence in East Africa.

Chief Operating Officer (COO) and Investment Manager Mai Duong has worked for MTI Investment SE since 2019, and prior as COO in MTI's subsidiary Atsoko since December 2016. Ms. Duong has primarily been in charge of managing MTI's investment in Atsoko, and also worked with data collection, reporting and analysis of MTI's other subsidiaries. Additionally, Ms. Duong has provided graphical design work and helped building long-term relationship with our investors. Ms. Duong will leave her role at the end of August 2022, for new opportunities.

During this transition, MTI Investment is strengthening its local presence by hiring Mr. Parmena Mkuu as new Group Audit and Finance manager, to be based in Dar es Salaam, Tanzania and will be reporting to the group CFO Nedim Efendic and CEO Pontus Engström on both the reporting and control of existing businesses, but also in local new business assessment.

MTI Investment's CEO Pontus Engström says: "Mai Duong has been an extraordinary asset to MTI during the past years, and has played an important role during the listing process, especially in the graphical presentation of our performance and also in her interaction with our investors. We are grateful for the work Mai has done over the years, and are at the same time happy to be able to strengthen our local presence with Parmena Mkuu. Parmena will play an important role in supporting our portfolio companies in all matters relating to finance and accounting, to identify areas where costs can be reduced, and profitability improved, but also to help in evaluating new opportunities."

Certified Adviser
The Company's Certified Adviser is Mangold Fondkommission AB which can be reached at 08-5030 1550 and by e-mail [email protected]

For additional information
Pontus Engström, CEO, MTI Investment SE
[email protected]
+46 70 716 55 38

About MTI Investment SE
MTI Investment SE is a Nordic investment and venture building company, founded in 2014 by a team with extensive experience from emerging markets with the aim of investing in East African small and medium-sized enterprises ("SME") with high value-adding potential. The Company is active in the expansive East African market, and by being a long-term and active owner, MTI Investment helps its portfolio companies grow faster and become more profitable. The Company invests primarily in innovative and scalable companies that have the potential for a significant positive impact on society.

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