1. Where did the idea to establish the Fund come from?
The idea to establish the Fund was born in 2011 at the 9th Umushyikirano (National Dialogue).
2. What are the Fund’s priorities?
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.
3.What is the minimum/maximum amount one can contribute?
There are no limits of contributions. Rwandans and their friends may contribute as much as they want and for as long as possible.
4.Who is eligible to contribute to the Fund?
Rwandans at home and abroad, civil society groups, community organizations, large and small businesses, along with friends of Rwanda anywhere in the world, are welcome to contribute to this fund
5. Who manages the Fund?
Agaciro Development Fund is registered as Corporate Trust owned by Rwandan people with governance structure, accountability and transparency mechanisms that adhere to international standards common to all Sovereign Wealth Funds. The Fund is managed by the Board of Trustees 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.
6. What is the Board of Trustees and what confidence can Rwandans have in them?
The Board of Trustees is the Fund’s governing body comprised of members with expertise in business. The Board members are drawn from different sectors economy and are approved by the Cabinet.
7. What profits shall we gain from the Fund, as contributors?
The fund gives Rwandans the chance to invest in the prosperity for generations to come. It is an entirely voluntary fund that enables Rwandans at home and abroad to participate in the country’s development.
The legal personality of the Agaciro Development Fund is that of a Trust with the citizens of Rwanda as its beneficiaries. The AGDF is registered with Rwanda Development Board as AGDF Corporate Trust Ltd and therefore runs its operations in accordance with law NO20/2013 of 25/03/2013 regulating the creation of trusts and trustees.
9. What are the strategies to grown and sustain the Fund?
Currently, the fund is invested in banks as term deposits and treasury bonds to generate interests. Other diversified avenues of income including investments in other safe and high profitability sectors are also planned.