To Accelerate Digital Payments and Financial Inclusion for MSMEs within Rwanda & Beyond
Kigali, Rwanda – 7th June, 2023
BK TecHouse, a leading fintech company, and AeTrade Group, a renowned social enterprise, are delighted to announce a strategic partnership aimed at fostering digital and financial inclusion for micro, small, and medium-sized enterprises (MSMEs) in Rwanda and across Africa. This partnership brings together the expertise of both organizations to create a robust ecosystem that supports the growth and competitiveness of MSMEs in national, regional, and continental markets.
As part of this collaboration, BK TecHouse and AeTrade Group will leverage innovative technology solutions to provide market linkages, digital payments, digital financing, and digital capacity building for entrepreneurs, ultimately facilitating their meaningful access to the African Continental Free Trade Area.
The collaboration will focus on the following key areas:
1. Digital Payments: BK TecHouse and AeTrade Group will collaborate to provide affordable multichannel instant cross-border payments to at least 3 million customers in Rwanda, with a focus on expanding market opportunities in East Africa and beyond.
2. Digital Finance: Through the partnership, BK TecHouse and AeTrade Group will collaborate to develop an end-to-end digital finance solution for their clients, utilizing AeTrade Group's vetting process. This comprehensive digital finance ecosystem will enable financial inclusion for underserved customers and streamline loan lifecycle management for financial institutions.
3. E-Commerce Market Linkage: The partnership will facilitate market linkages for Rwanda's agricultural products, enabling local, regional, and continental market access. Through Sokokuu, a Pan African e-commerce platform, MSMEs will benefit from expanded market opportunities.
4. MSMEs Capacity Building: BK TecHouse and AeTrade Group will join forces to provide essential financial services, technological exchange, and capacity building programs for MSMEs. This collaboration aligns with the strategic vision of the Government of Rwanda and the AU Summit decision to fast-track digital and financial inclusion.
"We are thrilled to partner with AeTrade Group to drive digital payments and financial inclusion for MSMEs in Rwanda," said Claude Munyangabo, CEO of BK TecHouse. " This partnership aligns with our commitment to supporting MSMEs across Africa, and together, we will leverage digital innovations to drive inclusion in digital payments, market access, and financial services for the benefit of entrepreneurs and the wider economy."
"This partnership with BK TecHouse is an important milestone in our mission to build robust technology enabled regional value chains, especially in the agribusiness sector, fast track the implementation of affordable digital and financial inclusion." said Mulualem Syoum, CEO of AeTrade Group. "By combining our strengths and resources, we will create an enabling environment for entrepreneurs to thrive, expand their reach, and contribute to Rwanda's digital transformation agenda and ultimately grant access to the African Continental Free Trade Area. We are excited about the opportunities this partnership will unlock for the MSME sector."
The partnership between BK TecHouse and AeTrade Group marks a significant step towards realizing the vision of a digitally empowered Africa. By combining the expertise and resources of both companies, they are poised to unlock new opportunities for MSMEs, facilitate seamless market access, and promote financial inclusion.
About BK TecHouse:
BK TecHouse Ltd. is a leading technology solutions provider and member of BK Group Plc. Since 2015, they have been delivering cutting-edge solutions to diverse clients. Their in-house products include UrubutoPay, Urubuto Education System, Smart Nkunganire System (SNS), Smart Kungahara System (SKS), and Kiliziya Yacu. They also offer services such as SaaS, DaaS, IoT, and broadband. Visit www.bktechouse.rw for more information.
About AeTrade Group:
The African E-Trade Group (AeTrade) is a multi-stakeholder group of African professionals and businesspeople with a vision to develop and implement an e-empowerment program that will enhance intra-and inter-African trade. The group brings together public and private sector partners to develop projects that leverage the power of information and communication technologies (ICTs) for the benefit of Africa’s present and future entrepreneurs. Visit www.aetradegroup.com for more information.