BK Foundation, Inkomoko partner to launch 7th edition of BK Urumuri Initiative

On 28 April 2023 at 09:48

The BK Foundation in collaboration with and Inkomoko has launched the 7th BK Urumuri Initiative, a competition designed to support 25 innovative sustainable businesses in Rwanda aimed at addressing both environmental and social challenges facing the Rwandan society.

Commenting on the development, Ms. Ingrid Karangwayire, the Executive Secretary of the BK Foundation reiterated BK Group commitment to avert climate change impact to promote a more inclusive and greener economy.

“Our commitment to respond to climate change impacts in our communities and ensuring that we have a greener and equitable future forms the foundation of this year’s program. We want to promote sustainable businesses and innovations focusing on circular economy, waste management and other environmentally and socially conscious businesses to create a greener and more resilient economy,” she said.

Winners will not only receive a 6-month mentorship program from Inkomoko, which included training, consulting, and business advice, but also have the opportunity to transform and scale their businesses, create more jobs, and secure an interest-free loan from the Bank of Kigali.

Aretha Mutumwinka Rwagasore, Inkomoko Rwanda Managing Director disclosed that they are excited to partner with the BK Foundation to identify and support ambitious enterprises that are leading the way toward a greener economy.

“Together, we can help them grow and create a lasting positive impact in our communities," she commented.

As per the applications guidance, the deadline to apply for the BK Urumuri Initiative is 19th May 2023. The 25 winners will participate in Inkomoko’s accelerator program from June to November.

To be eligible for this program, businesses must be based in Rwanda, have annual revenue under Rwf500m, be registered for at least 1 year, and demonstrate financial profitability and/or a plan to reach profitability within the next year as well as show a track record in innovating in environmentally friendly production and practices.

Entrepreneurs are eagerly encouraged to join the BK Urumuri Initiative 2023 and compete for expert consulting and zero-interest loans by applying online at www.inkomoko.com or contacting +250 788 358 639 for more details.

About BK Foundation

BK Foundation was born from the BK Group, which has been an integral part of the local and international Rwandan community for many years, by giving back to the less privileged to benefit from the overall development of the country.

It is widely recognized as a responsible corporate citizen, a pacesetter, and industry thought leader.

Wanting to amplify its efforts to further benefit its community and country, BK Group launched a philanthropic Foundation to effectively support communities through initiatives that align with BK Group’s overall mission and corporate goals.

The BK Foundation provides grant funding to organizations to achieve measurable impact for the betterment of the people and the Country of Rwanda by addressing unmet needs in the areas of Education, Innovation, and Environmental Conservation, plus engaging strong partners.

BK Foundation supports key opportunity areas within Rwanda, most importantly, aiming to become the leading entity within Rwanda making a meaningful difference through its influence and investments in the communities. For more information and partnering with BK Foundation visit www.bkfoundation.rw

About Inkomoko

Inkomoko is a consulting firm that supports micro and small enterprises across Africa so that they can grow to create jobs, improve livelihoods, and create thriving communities.

It started its work in Rwanda eleven years ago and has now opened offices in Kenya and Ethiopia.

Inkomoko provides entrepreneurs with business development services, including sales and marketing, branding, bookkeeping, inventory management, taxes among others.

The company also offers one-on-one consulting so that they can put these lessons into practice.

Through in-house investment fund, Inkomoko offers financing to grow these businesses.

Winners of BK Urumuri Initiative receive interest-free loan.