NuRAN Wireless Secures $5M for African Expansion

Nuran Wireless (TSE:NUR) has released an update.

NuRAN Wireless Inc., a supplier of wireless infrastructure solutions, has secured a $5M loan from the Facility for Energy Inclusion to finance the construction of renewable energy assets in Africa. The agreement will facilitate the deployment of over 500 new mobile network sites in Cameroon and DRC, aimed at enhancing the company’s Network as a Service operations. The deal, praised by NuRAN’s CEO as a milestone for their financing strategy, supports the telecom industry’s energy transition and rural network expansion in Africa.

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