Bank of Kigali and Inkomoko Launch Urumuri Initiative

 Bank of Kigali and Inkomoko Entrepreneur Development launched the 6th edition of the BK Urumuri Initiative to identify 25 innovative businesses they intend to support. The winners of the competition will gain access to 6-months of training, consulting, and business advisory from Inkomoko, as well as get the chance to grow their businesses, create more jobs and secure an interest free loan from Bank of Kigali.

‘’At Bank of Kigali we believe in business as a model to transform lives and our country. We are devoted to supporting youth-led enterprises by giving them access to interest free loans. In this year’s BK Urumuri, we will select the best innovative ideas that provide digital solutions and equip these entrepreneurs with skills they need to unlock their full potential and foster their businesses to greater heights,” said Chief Executive Officer, Dr. Diane Karusisi.

For this 6th edition, outstanding inventive digital economy businesses which leverage technology in their daily operations and offer digital solutions to solve Rwanda’s pressing needs, especially those that create a positive social or environmental impact will be highlighted.

“The  digital economy  is  no  longer  the  future;  it is  here  and  many Rwanda  entrepreneurs  are already  embracing  it,  creating  innovative  solutions.  We  are  seeing  many  businesses  adopting digital  solutions  in  their  day-to-day  work.  At  Inkomoko  we  are  immensely  proud  to  support entrepreneurs that will create digital solutions for Rwanda and beyond.” Emmanuel  Mugabo, Inkomoko Interim Managing Director.

The BK  Urumuri  Initiative  application  deadline  is  13th  May,  and  the  25  selected  winners  will undergo  the  Inkomoko  Business  Development  accelerator  program  from  June  to  September. Eligible businesses must be based in Rwanda, have annual revenue that is less than 500M Rwf.

have proof of registration for at least 1 year, demonstrate financial profitability, or plan to reach profitability within the next year. The competition is open to people of all ages and nationalities.

To apply for the BK Urumuri Initiative 2022 and the chance to win consulting and zero-interest loans, entrepreneurs can find the application link at www.inkomoko.com and contact +250 788 358 639 for any questions.

 




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