Dozy Mmobuosi

Dozy Mmobuosi is a Nigerian businessman and tech entrepreneur. He is an advocate for technological advancement in Africa.[1] He is the founder and CEO of Tingo Inc.[2][3]

Dozy Mmobuosi
Dozy Mmobuosi pictured in 2021
Born
Lagos, Nigeria
NationalityNigerian
Websitedozymmobuosifoundation.com

Early life and education

Dozy Mmobuosi was born in Lagos, Nigeria. He received a Bachelor of Science degree in political science from Ambrose Alli University in Ekpoma, Edo State. He also received his Master of Science degree in economics from the same university.[4] He also received a doctorate degree in rural advancement from University of Putra, Malaysia in 2007,[5] although Hindenburg Research, a short-selling activist group, was not able to verify this in their June 2023 report.[6] In March 2022, Mmobuosi completed the Advanced Management and Leadership Programme at Saïd Business School, University of Oxford.[7][8]

Career

In 2001, Mmobuosi founded Tingo Mobile to provide mobile technology and Fintech solutions to rural communities in Nigeria.[9] In 2015, Mmobuosi founded Tingo Inc., a publicly traded company on the OTC Markets Group. In January 2019, Mmobuosi launched Nwassa, a digital Agri-Marketplace that is Africa’s first agricultural technology and digital platform.[10][11][12]

In December 2022, Mmobuosi unveiled the Dozy Mmobuosi Leadership Centre (DMLC), housed in Oxford, United Kingdom, with the aim of developing African leaders skills to help them transform their private and public sector services.[13][14] In February 2023, it was reported that Mmobuosi was close to completing a £90 million takeover of English football club Sheffield United.[15][16][17]

In June 2023, NASDAQ-listed shares in Tingo Group plunged in value after a report from short seller Hindenburg Research said the company was an "exceptionally obvious scam".[18] The company denied the Hindenburg report claims, which it said contained "errors of fact" and "misleading and libellous content",[19] and appointed lawyers White & Case to review the report's claims.[20]

References

  1. Ajayi, Omokolade (2022-02-22). "Nigerian founder Dozy Mmobuosi's Tingo moves to raise $500 million, market cap soars above $7.6 billion". Billionaires.Africa. Retrieved 2022-06-16.
  2. "Nigeria's Tingo Mobile says it is about to list on three stock exchanges". TechCabal. 2016-02-17. Retrieved 2022-06-09.
  3. "How Tingo Is Using Agri-Fintech To Change Farming in Africa". Forbes Africa. 2021-12-17. Retrieved 2022-06-09.
  4. "How Dozy Mmobuosi went from University show promoter to running a global company". Vanguard News. 2020-05-02. Retrieved 2022-06-16.
  5. Okogba, Emmanuel (2020-05-02). "How Dozy Mmobuosi went from University show promoter to running a global company". Vanguard News. Retrieved 2022-08-24.
  6. "Tingo Group: Fake Farmers, Phones, and Financials—The Nigerian Empire That Isn't". Hindenburg Research. 6 June 2023.
  7. Ogwo, Charles (2022-12-12). "Dozy Mmobuosi: Entrepreneur building Africa's largest agrifintech". Businessday NG. Retrieved 2023-02-02.
  8. "Tech entrepreneur Dozy Mmobuosi is changing Africa's agricultural sector through innovation – THISDAYLIVE". www.thisdaylive.com. Retrieved 2023-02-02.
  9. "Tech entrepreneur Dozy Mmobuosi is changing Africa's agricultural sector through innovation". www.gq.co.za. Retrieved 2023-02-02.
  10. "How Tingo Mobile is connecting African farmers to the world with Nwassa". Techpoint Africa. 2019-05-09. Retrieved 2022-06-09.
  11. Okeke, Ifeoma (2020-10-18). "Nwassa has potential to become one-stop-shop for African agribusiness – Mmobuosi". Businessday NG. Retrieved 2022-08-24.
  12. "TMNA | Tingo Inc. Stock Overview (U.S.: OTC)". Barron's. Retrieved 2022-08-24.
  13. Release, Press (2022-12-29). "Technology entrepreneur, Dozy Mmobousi to launch the Dozy Mmobuosi Leadership Centre with Rt. Hon. Mark Simmonds as Chair". Premium Times Nigeria. Retrieved 2023-02-02.
  14. "Entrepreneur, Mmobousi to launch Dozy Mmobuosi Leadership Centre in UK". The Guardian Nigeria News - Nigeria and World News. 2022-12-29. Retrieved 2023-02-02.
  15. Correspondent, Matt Lawton, Chief Sports. "Nigerian billionaire Dozy Mmobuosi's Sheffield United takeover close". ISSN 0140-0460. Retrieved 2023-02-02.{{cite news}}: CS1 maint: multiple names: authors list (link)
  16. King, Kieran (2023-02-02). "African billionaire worth £7bn to move into English football with takeover close". mirror. Retrieved 2023-02-02.
  17. Dozy Mmobuosi: Nigerian businessman on the cusp of buying Premier League-bound Sheffield United - CNN Video, retrieved 2023-03-21
  18. Quinio, Akila; Adeoye, Aanu; Kerr, Simeon (6 June 2023). "Shares in fintech Tingo slump after Hindenburg takes short position". Financial Times. Retrieved 24 July 2023.
  19. Whitehouse, David (12 June 2023). "Nasdaq-listed Tingo denies 'scam' claims from short-seller Hindenburg Research". Africa Report. Retrieved 24 July 2023.
  20. "Tingo Group Engages Independent Counsel to Conduct Review of Assertions Made in Short-Seller Report". Yahoo Finance. 8 June 2023. Retrieved 24 July 2023.
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