Over Rwf20.2b has been collected by the Agaciro Development Fund (AgDF) as of November 12, the fund managers revealed in a statement yesterday.

The initiative, which was launched in August last year, is Rwanda’s first sovereign fund based on voluntary donations by Rwandans of different walks of life  and corporate companies. It is aimed at making Rwanda self-reliant as far as funding development initiatives is concerned.

"The Ministry of Finance and Economic Planning would like to thank Rwandans and friends for their generous contributions to the Agaciro Development Fund. Your contributions to the fund have so far grown to a total of Rwf20,237,733,062,” the ministry said in statement posted on Twitter yesterday.

It added that plans were in progress to invest the money in projects that contribute greatly to the development of the country. In September, the fund was at over Rwf19.7b.