2022-06-21 15:42:28
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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MTI Investment announces today that it has today divested 12 percent of the shares to Holdingsselskabet Claus Jørgensen II ApS for USD 190,000, which with the acquisition will have an ownership of 25 percent in Zanrec. In connection with this change, Martin Rex Empacher also joins the MTI Investments Advisory Board. By reducing MTI's ownership to 49 percent, large savings are achieved for MTI, as future reporting is simplified by eliminating the requirement for consolidation for Zanrec.
Core Holdings Update Q3 2022
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2022-10-21 10:50
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JANUARY 2023 MTI INVESTOR TRIP
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Welcome to the 2023 MTI Investor Trip to Zanzibar, Tanzania. The weather is expected to be nice and sunny. Join alone, or bring a partner or interested child. They will all be able to enjoy this trip.
MTI half-year report (H1) 2022
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"Over the past eight years, our investments have generated huge social impact - hundreds of jobs, healthy food products, houses, bank branches for improved access to finance, genuine and safe cosmetics, and saved nature from thousands of tons of waste. Our companies, even though challenges remain, are now more than ever focused on profitable growth, and particularly satisfying to see that Shambani Milk made a strong lift after seeing its performance drag for several quarters."
Pontus Engström, CEO of MTI Investment
MTI Investment SE
Webbplats:
www.mti-investment.com
Kortnamn: MTI
Marknadsplats: Nasdaq First North Growth Market
Senaste rapporten:
MTI half-year report (H1) 2022
Nästa evenemang:
2023-03-24 Bokslutskommuniké 2022
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