TRES’ towers support major mobile network operators MTN and Airtel, along with KT Rwanda Networks.

Admaius’ investment will fuel TRES’ expansion, aligning with Rwanda’s goal of exceeding 95% nationwide geographical coverage and facilitating the rollout of 4G and 5G networks.

This expansion is expected to enhance network affordability and connectivity in both urban and rural areas.

Rwanda’s telecom tower market boasts strong, consistent demand driven by population growth, rising mobile subscriptions, steady SIM card penetration, and increasing multi-SIM adoption.

Admaius’ investment aligns with their strategy of targeting high-impact sectors in Africa that drive economic and social progress, including technology, media & telecommunications (TMT), digital infrastructure, and education.

Admaius received co-advisory services from Asafo & Co. and ENS Africa. Gahigiro Capital and BK Capital served as co-financial advisors to TRES and its founder, while Attorneys House provided legal counsel.

“We are thrilled to invest in Rwanda, a fast-growing African market with robust and broad-based GDP growth,” said Marlon Chigwende, Admaius Managing Partner.

“Our investment will expand network coverage to rural areas and support the rollout of 4G and eventually 5G. We’re also providing experienced tower specialists to strengthen TRES’ business.”

Venuste Twagiramungu, CEO of TRES, commented, “Admaius’ investment is perfectly timed. Their fund management expertise brings not only financial backing but also the organizational capabilities to transform TRES into a true corporation. We anticipate rapid expansion and a significant contribution to Rwanda’s 95% coverage goal.”

This funding aims to empower more Egyptians by providing them with innovative financial solutions.

MNZL’s revolutionary platform allows users to leverage their existing assets, such as homes and cars, to gain access to much-needed liquidity for various projects and financial needs.

The company has pioneered a unique “wallet” concept within the asset-backed lending space.

Through this concept, homeowners and car owners can upload digital representations of their assets into a secure MNZL wallet. This allows them to unlock the value tied to those assets and convert it into usable cash for various purposes.

Sameh Saleh, co-founder of MNZL, highlights the transformative nature of the company’s approach. “MNZL goes beyond simply offering an alternative; it’s a complete revolution in how Egyptians access credit,” he states.

The $3.5 million seed funding round was led by P1 Ventures, Localglobe, and Ingressive Capital. Additional participation came from prominent investors like 500 Global, Flat6Labs, First Circle Capital, Enza Capital, Beenok, and a group of angel investors.

Expressing his enthusiasm, Hisham Halbouny, managing partner at P1 Ventures, commented, “We are thrilled to support MNZL’s mission.