Rwanda’s Agaciro fund hits over Rwf20bn

The Agaciro fund priority is to contribute to the socio-economic prosperity of Rwandans and accelerate the country’s financial autonomy

The Agaciro fund priority is to contribute to the socio-economic prosperity of Rwandans and accelerate the country’s financial autonomy

Contributions to the Agaciro Development fund have grown to a total of Rwf20, 357,275,295 as of December 3, 2013, the AgDF Corporate Trust Ltd has announced.

The funds are from Rwandans and Friends of Rwanda as contributions to the Agaciro Development Fund, which is another latest Rwanda product of the homegrown solutions meant to foster the country’s vision 2020.

The Agaciro fund is a national campaign directed at galvanizing all Rwandans to take a more active role in the nation’s development. The fund showcases Rwandan solidarity as well as the opportunity for high levels of accountability and levels related to implementation.

Agaciro is a major platform where all nationals regardless of their background get chance to participate in the development of their country, the voluntary donation makes it really easy by facilitating any Rwandan or donor to participate even by delivering a minimum of Rwf500 through a mobile telephone SMS.

Though the Fund was launched at a time when some western donors had temporarily suspended their aid to Rwanda, the finance ministry made it clear that the idea had been there long before given that it originated from the 2012 National dialogue (umushyikirano) – another existing homegrown solution at which the President of the Republic meets representatives of the peo­ple to discuss issues of national importance and work out appropriate solutions.

During a specific outlined period, the fundmanagement will educate the population, and the world at large, about priorities that have been implemented from direct funding from Rwandans.

“The priority is to contribute to the socio-economic prosperity of Rwandans and accelerate our financial autonomy,” says Minister Claver Gatete “Accountability of the funds will be a crucial aspect.”

All citizens will be annually consulted to identify themselves priority areas from the fund while developing appropriate mechanisms to manage and facilitate the growth of the fund.

For President Paul Kagame, such homegrown practices are very crucial for any nation that is committed to progress for the fact that there are no people anywhere in the history of the world who progressed by receiving assistance by other people.

 

 

 

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About the author

Olive Ndaka is the Junior Editor for RwandaEye. An investor and young entrepreneur, she is a quick learner and has contributed many articles for RwandaEye in Kinyarwanda.

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