NuRAN Wireless Inc. announce the receipt of a non-binding Letter of Intent from another Development Financial Institution for up to USD 15M debt financing. This LOI is subject to the satisfactory completion of a due diligence process and the finalisation of all terms between the parties. The proposed debt financing is for a 7-year period which includes a 2-year grace period to complete the construction of new sites.

These funds are proposed to enable NuRAN to build an additional 800 sites within Africa.