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MTN Rwanda Contributes Rwf10 Million to Agaciro Dev't Fund

MTN Rwanda today handed over Rwf 10 million checque as part of their contribution to Agaciro Development Fund.

Speaking after at the event, the MTN Rwanda Chief executive Mr. Gunter Engling said: “We find it important to contribute to the Fund since it is for the country’s development.”

The Minister of Finance, Claver Gatete thanked MTN Rwanda for the contribution to the Fund and usual participation in the country’s economic growth.

“The Fund’s current focus is on maintaining existing investment platforms. In the near future the Fund plans to diversify investments in other sectors with safety and high returns.” Minister Gatete said.

Presently, the Agaciro Development Fund total assets have amounted to Rwf 28.6 billion. The Fund’s assets are composed of voluntary contributions, Government contributions and returns from its investment. So far, investments in bank term deposits and T-bonds have earned the Fund Rwf 2.1 billion of Net interest.

Published on 19-11-2015

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