Nigerian Startup Bets Big on Drones

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Nigerian startup Terra Industries is scaling up production of drones and counter-drone systems, backed by $34 million in funding. The company plans regional expansion to Ghana amid rising drone attack threats in the Sahel.

As drone attacks become increasingly common across the Sahel, Nigerian startup Terra Industries is expanding into Ghana and scaling production of drone and counter-drone systems. Backed by $34 million from investors including Palantir co-founder Joe Lonsdale and Lux Capital, the company aims to produce tens of thousands of systems over the coming years as governments across the region bolster their defenses. (Source: Bloomberg)