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NuRAN Receives US$ 1M from FEI, a Cygnum Capital's Fund
QUEBEC, QC / ACCESS Newswire / September 29, 2025 / NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTCQB:NRRWF)(FSE:1RN), a leading supplier of mobile and broadband wireless infrastructure solutions, is pleased to announce that it has received ...
About this update from Nuran Wireless Inc
[{"type":"text","content":"QUEBEC, QC / ACCESS Newswire / September 29, 2025 / NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTCQB:NRRWF)(FSE:1RN), a leading supplier of mobile and broadband wireless infrastructure solutions, is pleased to announce that it has received approval for the third drawdown of US$ 1M from the Facility for Energy Inclusion ("FEI"), a fund managed by Cygnum Capital.","length":407,"tagName":"p"},{"type":"text","content":"This follows the first drawdown of US$ 2.5M received on July 16, 2024, and the second drawdown of US$ 1.05M received on February 28, 2025, under the US$ 5M loan facility agreement initially announced on April 26, 2024. The third drawdown was made possible following the recent amendment signed with Orange for NuRAN's operations in the Democratic Republic of the Congo ("DRC") and approval of the award of its infrastructure license. The remaining US$ 450,000 will be disbursed upon the delivery of an additional 50 sites.","length":536,"tagName":"p"},{"type":"text","content":"Funds from this drawdown will mainly be used for expanding mobile sites in Africa and restarting NuRAN's operations in the DRC, supporting its NaaS model and financial growth. The financing will cover operational and construction costs for rural infrastructure, helping NuRAN advance toward its 2025 goal of activating sites across sub-Saharan Africa and connecting thousands in remote areas.","length":396,"tagName":"p"},{"type":"text","content":"About Cygnum Capital","length":20,"tagName":"p"},{"type":"text","content":"Cygnum Capital Group is an investment bank and asset manager, operating across frontier and emerging markets. Cygnum Capital Asset Management manages six pioneering funds: five debt funds including: (i) the African Local Currency Bond Fund ("ALCBF"), a ground-breaking investment vehicle established to support local currency capital markets, (ii) Off-Grid Energy Access Fund ("OGEF") which supports companies in off-grid energy such as SHS and small- medium mini-grids, (iii) FEI which support companies that provide a range of renewable energy solutions such as medium-large mini- grids, C&I and IPP with a maximum capacity of 25 MW, (iv) AfricaGoGreen Fund ("AGG") which supports companies combating climate change by reducing the use of fossil fuels ...