Connect with us


Cogebanque sponsored cycling team wins Rwamagana circuit in men’s junior category



It was a historical and joyous day among Rwamagana residents as the 3rd edition of Rwanda Cycling Cup 2019 dubbed ‘ Rwamagana circuit’ went to the Eastern Province on Saturday 7th September 2019.

The race of which Cogebanque is a main sponsor kicked off at 9:30am with moderate rain with laps covering 3km track in Rwamagana town.

The race attracted hundreds of Rwamagana residents from different walks of life coming to witness the race close to their doors.

Rwamagana is among the districts where bicycles have a significant value in people’s daily lives as they are used for transport in the day to day activities.

Spectators were excited with all the riders’ competitiveness but drew special attention to their very own local cycling team based in Rwamagana, Les Amis Sportif sponsored by Cogebanque.

Eastern Province Governor, Fred Mfulukye; Rwamagana District mayor, Radjab Mbonyumuvunyi and Ferwacy President, Aimable Bayingana were also present from the beginning to the end of the race.

As the race came to an end, locals’ support paid off with the victory of Eric Muhoza from Les Amis Sportif emerging winner of the circuit in the men junior’s category using 1h 4min 57seconds covering 36km followed by his teammate , Jean Bosco Hategekimana.

Genevieve Mukundente from Benediction Club won the race in the women’s category while Moise Mugisha from Fly Cycling Club emerged winner in Men Elite&U23.

The excited Eric Muhoza said that the victory encouraged him to exercise more inorder to keep up strong competitiveness.

Cogebanque gave prizes to winners in both the men junior and elite categories.

Following the awarding ceremony, Antoine Iyamuremye, Cogebanque Head of Marketing and Product Development said that the race was exciting and pulled a big crowd.

He highlighted that it is very significant to the bank as it took place in Rwamagana where the Cogebanque sponsored team is based.

“The victory of a junior from our sponsored team induces pride that our efforts are not futile and we hope it will grow more talented cyclists,” said Iyamuremye.

“We also take this opportunity to remind residents of our mortgage loan and digital banking platforms. Residents can open accounts through Cogebanque agents deployed in different suburbs of Rwamagana as a pathway to accessing our top-notch services, grow financially and realize their dreams,” he added.

Cogebanque Mortgage Loan is a Home Loan which finances the borrower’s residential house purchase or renovation at an interest rate of 16%.

The provision of affordable homes is a key element of the country’s development blueprint, the second Economic Development and Poverty Reduction Strategy (EDPRS II), needed to support urbanization.

According to the Ministry of Infrastructure, the demand for affordable housing in general is estimated at 560,000 units by 2020.

This requires construction of 93,400 units annually (or 7,780 units per month), the ministry indicates.

With Rwanda expected to be 35 per cent urban by 2020, it is critical to institute new initiatives to increase investments in the real estate development to bring more houses onto the market, particularly targeting the low market segment.

Cogebanque Mortage Loan comes in to support other stakeholders particularly the banking sector to fund housing projects.

Cogebanque sponsorships cut across different disciplines that include Cycling, Cultural and other CSR activities regarded as strategic avenues for engaging with communities and build talent across the region.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Amethyst Streams
App1 month ago

5 Reasons Why Amethyst Streams is the Ultimate Destination for Relaxation and Healing

Casting Room Backstage
Entertainment1 month ago

5 Essential Elements for a Successful Casting Room Backstage

Ibomma UK
Entertainment1 month ago

5 Must-Watch Movies on Ibomma UK for Telugu Movie Lovers

Health & Fitness1 month ago

10 Surprising Health Benefits of Piperine You Didn’t Know About

Phone Number
Tech1 month ago

5 Reasons Why You Should Save This Phone Number Now

Travel1 month ago

Uncovering the Mysteries of Beliktal: 10 Hidden Gems to Explore

James Joyce
Life Style1 month ago

5 Fascinating Facts About James Joyce and His Literary Style “Joyciano”

Life Style1 month ago

The Top 10 Literotica Tags to Spice Up Your Reading List

Emergency Hotline
App1 month ago

10 Tips to Remember When Calling the Emergency Hotline (02045996818)

Red and White Magazine
Life Style1 month ago

The Ultimate Guide to Red and White Magazine: Everything You Need to Know

Entertainment1 month ago

Exploring the World of Manga: A Guide to Mangatoto

App1 month ago

HQFlix: Your Gateway to Premium Streaming Content

Home and Garden1 month ago

Chaleturi: The Ultimate Mountain Retreat Experience

Live Sports
App1 month ago

Discover the Benefits of Watching Live Sports with Streameast

Martie Allen
Celebrity1 month ago

The Untold Story of Martie Allen: From Personal Life to Career Success

Entertainment1 month ago

The Shocking Truth Revealed in Chapter 36: I’m Being Raised by Villains

Unsuccessful Draft Pick
Sports1 month ago

The Highs and Lows of Sports: Reflecting on an Unsuccessful Draft Pick

Pata Seca
Food1 month ago

Discover the Delicious Tradition of Pata Seca: A Guide to This Mexican Delicacy

TOTK Techniques
Gaming1 month ago

Level Up Your Gaming Skills with TOTK Techniques for PC Players

Travel1 month ago

Shipn Utsunomiya: Unraveling the Hidden Gems of this Charming City