{"id":11315,"date":"2015-06-19T08:58:47","date_gmt":"2015-06-19T06:58:47","guid":{"rendered":"https:\/\/www.fagace.org\/?p=11315"},"modified":"2024-02-07T09:56:09","modified_gmt":"2024-02-07T08:56:09","slug":"le-fagace-renforce-sa-presence-en-afrique-de-lest","status":"publish","type":"post","link":"https:\/\/www.fagace.org\/en\/2015\/06\/19\/le-fagace-renforce-sa-presence-en-afrique-de-lest\/","title":{"rendered":"FAGACE STRENGTHENS ITS PRESENCE IN EAST AFRICA!"},"content":{"rendered":"

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Madame Louise MUSHIKIWABO, Minister of Foreign Affairs and Cooperation of the Republic of Rwanda proceeded on June 18, 2015 to the signing of the headquarters agreement between the Rwandan Government and the Fonds Africain de Garantie et de Coop\u00e9ration Economique (FAGACE).<\/p>\n

The signing of this headquarters agreement with the Rwandan Government is part of FAGACE’s four-year plan initiated by the Board of Governors under the leadership of Managing Director, Mr Henri-Marie DONDRA since 2012. Indeed, the diversification and decentralization of the Fund’s activities aim to strengthen the quality of its support to member countries in the field.<\/p>\n

This new headquarters agreement in Rwanda, which comes just a few weeks after that of Cameroon in Central Africa, marks an important step in the implementation of this strategy of decentralizing the Fund’s activities across the continent.<\/p>\n

In East Africa, Rwanda was the obvious choice, as the country lies outside the UEMOA and CEMAC economic zones, to which most of the institution’s current member countries belong. Moreover, its central location gives it access to a wider regional market.<\/p>\n

On the economic front, Rwanda is enjoying remarkable and undeniable growth. The impressive growth rate of its gross domestic product (GDP) over the last two decades bears witness to its economic vitality, and this needs to be sustained.<\/p>\n