A delegation from the African Guarantee and Economic Cooperation Fund (FAGACE), led by the Principal Advisor to the Director General for Cooperation and Resource Mobilization, Mr. Basile TCHAKOUNTE, stayed in Kigali, Rwanda, from October 25 to 28, 2022 .
As a prelude to the technical meetings with the main market players, the delegation was received in audience by the Secretary of State in charge of Economic Planning, Dr. Claudine UWERA, to present their welcome. From the discussions that took place, it emerged that there was a desire to see FAGACE strengthen its role as guarantor to boost the financing of the Rwandan economy in general and SMEs/SMIs in particular.
In this context, technical meetings were organized with the private sector and banks to present the new operating mode of FAGACE and its advantages at the Mariott Hotel in Kigali on October 27 and 28, 2022. During these meetings, the institutions Financial institutions and Rwandan economic operators have all admitted the need for a guarantor such as FAGACE in the private sector financing system. On this occasion, the Rwandan Private Sector Federation (PSF) and FAGACE renewed their partnership agreement, thus marking a new start between the two institutions for mutually beneficial and more fruitful cooperation.
This mission marks a new turning point in relations between FAGACE and the Republic of Rwanda.
As a reminder, FAGACE, thanks to its various interventions, particularly in guarantees, has made it possible to mobilize to date, nearly 15,491,886,079 FRW for the benefit of the Rwandan economy.
#FAGACE
# GUARANTEE
# FINANCING
#PSF
