This deal presents an exciting opportunity for RentCo Africa to expand and fortify its position as market leader in this specialist marketplace. Having become the leading player in an industry that has since picked up in countries such as Kenya especially with government having, since 2014, embraced the new model of acquiring vehicles for its departments, particularly the National Security organ.
RentCo Rwanda partners with MTN Rwanda Cell to provide 65 units on lease of a turn of of Rwf 2,393,303,000. This transaction entails the financing and delivery of a fleet of vehicles which consisted of SUV’s and pick-up.
MTN group operates in more than 22 countries across Africa and the Middle East making it the the largest telecom service provider. This acquisition is expected to boost value creation and the overall growth of its business with less stress on fleet maintenance and brings its regional leased fleet over 60 units.
RentCo Rwanda has shown a lot of potential in terms of market growth and development. We are pleased to find a robust operating and finance lease legal framework in place, as well as a potential market excited about our asset leasing facility.
This partnership builds on the goals of both companies i.e., delivering better solutions and providing customers with quality products featuring the region’s latest technology, which will provide constancy, reliability, and energy efficiency.
Leasing assist companies to pass on other services such as insurance, remote tracking and maintenance to lessors like RentCo Rwanda which is its area of expertise at a fixed monthly cost during the rental period. This kind of business arrangement boosts value creation and clients’ business overall growth with less stress on fleet maintenance. This initiative ensures that clients derive as maximum value as possible as well as aiding them to concentrate in their key businesses with less interruption. This optimizes commercial and operational processes.
While flagging off the units, Vianney Kabera, Country Head, said, “Leasing has been accepted and embraced by leading multinational corporations around the globe as a sound model for asset acquisition. Key industry players cite the flexible terms of obtaining a lease as one of the major benefits that makes it attractive compared to loans.” He added, “RentCo has leased various types of assets to various corporate that many think are not leasable such as Laptops, Medical Equipment gym equipment, trucks, trailers, power plants and production equipment.”
About MTN Rwanda
MTN Rwanda is the market leader in the mobile telecommunications industry in Rwanda. Since 1998, MTN Rwanda has continuously invested in expanding and modernizing its network and is now proudly Rwanda’s No 1 Internet Network. MTN Rwanda offers superior services to its subscriber base, including innovative propositions such as personalized voice and data offers with MTN Irekure. The company is also the front runner in Mobile Financial Services in Rwanda with Mobile Money, MoMoPay and MoKash Loans and Savings.
About RentCo Africa Rwanda
RentCo Africa is a solutions-oriented asset-financing and logistics solutions partner for businesses of any sector, government, and other organizations. We strongly believe that access to equipment means access to opportunities. Rentco Africa is registered in 10 countries across Africa, and we are excited to play our part as we move the continent forward through the bold Africa Continental Free Trade Agreement (AfCTA) initiative.