Frw 7 Billion has been already deposited into the Agaciro Development Fund, the Minister of Finance, John Rwangombwa has announced.
This mentioned during a press conference at PrimeHoldings which was aimed at explaining the resolutions of a recent cabinet meeting.
Rwangombwa has noted that contributions to the Fund are voluntary and that no public official should force citizens to contribute to the fund.
The minister praised Huye, and Kicukiro districts for making the largest contributions to the Fund.
The Diaspora is collaboration with Rwanda’s embassies abroad are studying a way they will make their contributions to the Fund.
The Agaciro Development Fund (AgDF) was set up to raise more domestic resources to help accelerate economic development.
President Paul Kagame previously noted that the Fund would not replace traditional sources of state revenues, including donor aid, but will supplement them.
“Aid is never enough, we need to complement it with home-grown schemes,” He said, urging Rwandans and Africans, in general, to work harder with a view to sustain themselves.
“We are not changing our relations with our partners, but rather adding value. More dignity can only help.”
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