Twenty five entrepreneurs selected for the 6th Edition of BK Urumuri Initiative

On 30 June 2022 at 11:00

25 innovative businesses have been selected for this year’s 6th Edition of BK Urumuri, after an intensive selection from over 100 applications. The winners will go through a six-month business acceleration program, including business training and consulting from Inkomoko Entrepreneur Development, and a chance to secure a zero percent interest loan from Bank of Kigali.

Julienne Oyler, CEO of Inkomoko welcomed the selected entrepreneurs and congratulated these 25 businesses upon the beginning of the next step of their business development journey.

“We are excited for this continued partnership with the Bank of Kigali to support the growth of entrepreneurs from Rwanda. At Inkomoko, we pledge to continuously support entrepreneurs to discover their potential and grow their innovative business ideas that will provide our community with much needed digital solutions,” said Oyler.

The selected 25 businesses were founded by entrepreneurs from Rwanda’s fast-growing sectors, namely manufacturing, agribusiness, fashion, and hospitality & tourism.

"Congratulations to everyone who made the final list of this year’s BK Urumuri Initiative. We are devoted to keep supporting SME businesses mostly youth-led enterprises. This partnership with Inkomoko presents an opportunity to learn and grow businesses with the aim of helping the young generation unlock their full potential," Said Darius Mukunzi, Head of SME Banking at Bank of Kigali.

The BK Urumuri Initiative has fostered the growth of 130 entrepreneurs in the past five editions. Previous Urumuri participants include Imagine We Rwanda, Uzi Collections, Weya Clothing, Slices & Cakes, House of Tayo, Moshions, and many more of Rwanda’s best-known SME brands.

About Inkomoko

Inkomoko has served the needs of Rwandan businesses since 2012, providing business training, consulting, and access to affordable finance through its partner, AEC Rwanda Trustee Company Ltd. With more than 130 staff in 8 offices across Rwanda, Inkomoko’s business accelerator has helped more than 19,000 MSMEs in Rwanda to run their operations more efficiently. On average, entrepreneurs in Inkomoko’s accelerator increase their annual revenues by 80%.

About Bank of Kigali

Bank of Kigali is the largest commercial bank in Rwanda by total assets, Global Credit Ratings affirmed. Bank of Kigali’s long-term and short-term national scale ratings of AA-(RW) and A1+(RW) respectively with a stable outlook. The Bank has won several back-to-back international and regional banking awards, including from EuroMoney, The Banker, Global Finance Magazine, and EMEA Finance. It has been named “Best Bank in Rwanda.”

Twenty five entrepreneurs have been selected for the sixth edition of BK Urumuri Initiative.
Darius Mukunzi, the Head of SME Banking at Bank of Kigali.