Agaciro Development Fund

Rwanda

Agaciro Development Fund is Rwanda's sovereign wealth fund that was proposed by Rwandans on at the ninth Umushyikirano (National Dialogue Council) in December 2011. The Fund was then launched officially by President Paul Kagame on 23 August, 2012.  The name “Agaciro” conveys the idea of “Dignity” which was embraced as Rwanda’s key moral value in its journey towards sustainable socio-economic development.

The Fund was set up to build up public savings to achieve self-reliance, maintain stability in times of shocks to the national economy and accelerate Rwanda’s socio-economic development goals. The Fund is unique as its capital comes from voluntary contributions by Rwandans at home and abroad as well as friends of Rwanda.

The Agaciro Development Fund was registered with Rwanda Development Board, the Republic of Rwanda as a trust on 01 August, 2013  and runs its operations in accordance with Law No20/2013 of 25/03/2013 regulating the creation of trusts and trustees. On 11 September, 2013, the Cabinet meeting chaired by President Kagame, approved the proposal for the management of the Fund's proceeds and appointed its Chief Executive Officer. On 28 March 2014, the Cabinet meeting appointed the Fund's Board of Trustees, which manage the fund. The Board is drawn from different sectors of the economy and approved by the Cabinet. The fund’s regular reports and financial statements are audited annually and published different media outlets.

The prosperity for generations of Rwanda is the main objective of the Fund. The Agaciro Development Fund is dedicated to increasing the financial autonomy of Rwanda and constitutes a critical tool in shielding Rwanda from potential external economic shocks.

 

 

 

Contact Details

African Union Boulevard, Kiyovu-Nyarugenge, RSSB Tower II, 3rd Floor
Kigali
Rwanda

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