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.”