NuRAN Wireless Secures $5M for African Expansion

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

NuRAN Wireless Inc. has completed a US$ 5 million loan facility with the Facility for Energy Inclusion to expand its mobile and broadband wireless infrastructure solutions in Africa. The first tranche of US$ 2.5 million will facilitate the development of over 240 new sites, bolstering connectivity in underserved regions. Alongside this financing milestone, NuRAN has secured agreements to restructure outstanding debt, ensuring a stronger financial footing for continued expansion.

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