Agaciro Development Fund (AGDF) authorities will this month celebrate its achievements and underline new goals. In what has been dubbed “Agaciro month” that started yesterday and runs until August 31st, will be celebrated annually, according to a statement from AGDF. This year’s theme is, “Prosperity for Generations”. “August is when the Agaciro fund was officially launched in 2012 and this month means a lot in the Rwandan culture. It’s also when Umuganura (harvest festival) is celebrated. “Agaciro month aims to thank all Rwandans for their contributions to the fund, present the fund’s achievements, its current undertakings and future plans and encourage the public to continue supporting the fund,” reads part of the statement. AGDF is a sovereign wealth fund which was adopted during the 9th national dialogue (Umushyikirano) in 2011 aimed at keeping the momentum in fast-tracking national development through homegrown solutions. It also aims at serving fiscal reserves or saving funds to help the country overcome economic uncertainties. Rwandans have so far contributed over Rwf27.3 billion. At the closure of the 2014/15 fiscal year, the fund earned Rwf1.4 billion in interest from investments in bank term deposits and treasury bonds. “Looking ahead, the fund plans to diversify investments into other sectors with safety and high profitability. The continuity and accomplishments of the fund reaffirms Rwandans’ focus that it is not only on short and medium term goals but also for the prosperity of generations of Rwandans to come,” say Francine Uwamariya, the Acting CEO of the fund. The fund solely depends on voluntary contributions from Rwandan citizens within the country, in the Diaspora, private companies, non-profit organizations and well-wishers.
