{A total of Rwf 38 billion has been contributed in Agaciro Development Fund (AgDF) since its inception by President Paul Kagame in 2011 prompting leaders to call upon Rwandans not to relent in providing contributions to reach greater heights. }
The CEO of Agaciro Development Fund, Jack Kayonga has told the media that private investors and Rwandans in general relented in providing contributions which may hamper the target of Rwf 200.
At the beginning, the fund had Rwf 17 billion.
Relenting in contributions prompted Agaciro to meet private investors as one of the sectors that came on forefront to support the fund to remind them on their responsibilities of promoting it.
“Rwandans seem to have stopped contributions. If we kept the pace as it was at the beginning with Rwf 17 billion, today we would have Rwf 110 billion. That is why we think getting Rwf 200 billion is possible if Rwandans keep making it their responsibility, make this fund their own, understand that it will enhance government’s projects and note that it is tomorrow’s legacy for Rwanda,” he said.
“We must keep collaboration to building Rwanda and have a sovereign fund with at least Rwf 200 billion enabling it to support various activities of the government,” he added.
The Board Chairman of Private Sector Federation, Benjamin Gasamagera said that they understand better the value of the fund that they have committed to increasing support through various measures including changing mindsets that it is meant for employers only.
“The fund can’t be left in hands of selected people; it is for all Rwandans. We agreed with the fund of contributing from 1% to 2% of monthly salary within our institutions,” he said.
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