Akagera Business Group and NCBA Bank deal enables easier and more affordable car ownership

In an exciting collaboration, Akagera Business Group (ABG) and NCBA Bank Rwanda have officially launched a partnership aimed at helping customers acquire both passenger and commercial vehicles with financing of up to 100 per cent. The joint initiative offers customers a unique opportunity to own cars at discounted interest rates, presenting an affordable solution for those aspiring to become vehicle owners. The launch event took place at ABG’s vehicle showroom in the vibrant Kicukiro District on Thursday, July 6, 2023. Attendees witnessed the unveiling of this ground-breaking partnership, which promises a host of benefits for prospective car owners. With a loan repayment period of five years, customers will enjoy an array of advantages, including three years of warranty cover, one year of comprehensive insurance, a full tank of fuel upon delivery, and personalised assistance from a dedicated relationship manager during the loan application process. Furthermore, the loan approval is fast-tracked, with customers receiving confirmation within 48 hours. Senthil Ganesh, Managing Director of Akagera Business Group, expressed his enthusiasm for the collaboration, emphasising that access to finance is no longer a barrier for customers seeking affordable vehicle ownership. Ganesh applauded NCBA Bank Rwanda for their commitment to enhancing access to finance, stating, “The offer is very lucrative and will greatly benefit our customers.” “Akagera Business Group has a long history of initiating, fostering, and promoting partnerships that contribute to socio-economic development. Today, we are delighted to announce another milestone as we sign an MOU with NCBA Bank. We firmly believe that our customers will reap immense benefits from this collaboration. We cater to diverse customer segments, and this partnership will undoubtedly assist them in achieving their vehicle ownership dreams,” Ganesh added. ABG and NCBA Bank Rwanda have ensured that their knowledgeable staff members are readily available to provide information and guidance to individuals interested in obtaining finance for purchasing cars at discounted interest rates. The partnership aims to empower customers to make informed decisions while leveraging the advantageous terms offered by NCBA Bank. Akagera Business Group, the parent company of Akagera Motors, has established itself as a leading diversified corporation in Rwanda. With nine different divisions spanning automobiles, tires, batteries, lubricants, media, consumer goods, consumer electronics, car rentals, hardware, paints, design, construction, security, and safety systems, ABG continues to contribute to Rwanda’s economic growth. Representing renowned brands such as BMW, Mercedes-Benz, Nissan, Kia, Toyota, Fuso, MCV, Foton, and Mahindra in Rwanda, Akagera Motors is known for its commitment to quality and customer satisfaction. Daniel Musafiri, the Director of Business Management at NCBA Bank Rwanda, expressed his optimism about the partnership’s potential to boost the adoption of asset financing among customers. He shared, “Two years ago, we launched asset financing, and I am thrilled to report that the product has gained significant traction. Today, we have a loan portfolio of Rwf7 billion in asset finance. As we embark on this partnership with ABG, we encourage all our customers to take advantage of this collaboration.” NCBA Bank Rwanda is a subsidiary of NCBA Group, a renowned financial services group operating in five African countries. With a strong presence in Uganda, Tanzania, Ivory Coast, Rwanda, and its headquarters in Kenya, NCBA Group serves more than 65 million customers through its 87 branches. The bank has established itself as one of the fastest-growing financial institutions in the region, committed to providing innovative solutions to its clientele. The partnership between ABG and NCBA Bank offers customers an unparalleled opportunity to secure up to 100 per cent financing for vehicle ownership, eliminating the need for down payments. Additionally, the interest rates are highly competitive, ranging between 16 and 17 per cent. Through this collaboration, customers can expect an efficient and streamlined process, facilitated by dedicated relationship managers. As the automotive industry in Rwanda continues to flourish, ABG and NCBA Bank’s partnership is set to revolutionise vehicle ownership by making it more accessible and affordable for individuals and businesses alike. Prospective buyers are encouraged to seize this opportunity and embark on their journey to becoming proud car owners with the support of this ground breaking collaboration. For more information and to explore the benefits of the ABG-NCBA Bank partnership, interested individuals are encouraged to visit Akagera Motors or contact them at sales@abgafrica.com / +250788170120 or visit the nearest NCBA Bank branch or call the following number 0788149500, or email the NCBA Team at assetfinancerwanda@ncbagroup.com. In an exciting collaboration, Akagera Business Group (ABG) and NCBA Bank Rwanda have officially launched a partnership aimed at helping customers acquire both passenger and commercial vehicles with financing of up to 100 per cent. The joint initiative offers customers a unique opportunity to own cars at discounted interest rates, presenting an affordable solution for those aspiring to become vehicle owners. The launch event took place at ABG’s vehicle showroom in the vibrant Kicukiro District on Thursday, July 6, 2023. Attendees witnessed the unveiling of this ground-breaking partnership, which promises a host of benefits for prospective car owners. With a loan repayment period of five years, customers will enjoy an array of advantages, including three years of warranty cover, one year of comprehensive insurance, a full tank of fuel upon delivery, and personalised assistance from a dedicated relationship manager during the loan application process. Furthermore, the loan approval is fast-tracked, with customers receiving confirmation within 48 hours. Senthil Ganesh, Managing Director of Akagera Business Group, expressed his enthusiasm for the collaboration, emphasising that access to finance is no longer a barrier for customers seeking affordable vehicle ownership. Ganesh applauded NCBA Bank Rwanda for their commitment to enhancing access to finance, stating, “The offer is very lucrative and will greatly benefit our customers.” “Akagera Business Group has a long history of initiating, fostering, and promoting partnerships that contribute to socio-economic development. Today, we are delighted to announce another milestone as we sign an MOU with NCBA Bank. We firmly believe that our customers will reap immense benefits from this collaboration. We cater to diverse customer segments, and this partnership will undoubtedly assist them in achieving their vehicle ownership dreams,” Ganesh added. ABG and NCBA Bank Rwanda have ensured that their knowledgeable staff members are readily available to provide information and guidance to individuals interested in obtaining finance for purchasing cars at discounted interest rates. The partnership aims to empower customers to make informed decisions while leveraging the advantageous terms offered by NCBA Bank. Akagera Business Group, the parent company of Akagera Motors, has established itself as a leading diversified corporation in Rwanda. With nine different divisions spanning automobiles, tires, batteries, lubricants, media, consumer goods, consumer electronics, car rentals, hardware, paints, design, construction, security, and safety systems, ABG continues to contribute to Rwanda’s economic growth. Representing renowned brands such as BMW, Mercedes-Benz, Nissan, Kia, Toyota, Fuso, MCV, Foton, and Mahindra in Rwanda, Akagera Motors is known for its commitment to quality and customer satisfaction. Daniel Musafiri, the Director of Business Management at NCBA Bank Rwanda, expressed his optimism about the partnership’s potential to boost the adoption of asset financing among customers. He shared, “Two years ago, we launched asset financing, and I am thrilled to report that the product has gained significant traction. Today, we have a loan portfolio of Rwf7 billion in asset finance. As we embark on this partnership with ABG, we encourage all our customers to take advantage of this collaboration.” NCBA Bank Rwanda is a subsidiary of NCBA Group, a renowned financial services group operating in five African countries. With a strong presence in Uganda, Tanzania, Ivory Coast, Rwanda, and its headquarters in Kenya, NCBA Group serves more than 65 million customers through its 87 branches. The bank has established itself as one of the fastest-growing financial institutions in the region, committed to providing innovative solutions to its clientele. The partnership between ABG and NCBA Bank offers customers an unparalleled opportunity to secure up to 100 per cent financing for vehicle ownership, eliminating the need for down payments. Additionally, the interest rates are highly competitive, ranging between 16 and 17 per cent. Through this collaboration, customers can expect an efficient and streamlined process, facilitated by dedicated relationship managers. As the automotive industry in Rwanda continues to flourish, ABG and NCBA Bank’s partnership is set to revolutionise vehicle ownership by making it more accessible and affordable for individuals and businesses alike. Prospective buyers are encouraged to seize this opportunity and embark on their journey to becoming proud car owners with the support of this ground breaking collaboration. For more information and to explore the benefits of the ABG-NCBA Bank partnership, interested individuals are encouraged to visit Akagera Motors or contact them at sales@abgafrica.com / +250788170120 or visit the nearest NCBA Bank branch or call the following number 0788149500, or email the NCBA Team at assetfinancerwanda@ncbagroup.com.

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Akagera Business Group and NCBA Bank deal enables easier and more affordable car ownership