Agaciro Development Fund CEO on investment strategy

Institutional investors from sovereign wealth funds across Africa are currently gathered in Kigali, Rwanda for a crucial meeting aimed at mobilizing private capital and institutional investments within the continent. Among the key figures present at this forum is Gilbert Nyatanyi, the Chief Executive Officer of Agaciro Development Fund. In a recent interview with CNBC Africa's Julius Bizimungu, Nyatanyi shed light on the impressive growth of the fund and its strategic investment approach. The Agaciro Development Fund, established in 2019, serves as a pivotal entity in Rwanda's financial landscape, focusing on sustainable wealth creation and economic development for the nation. Nyatanyi emphasized that the forum serves as more than a platform for discussion; it is an action-oriented forum where African sovereign wealth funds collaborate to drive economic prosperity on their own terms and timeline. The CEO shared updates on the fund's recent investments and its commitment to hitting a target of $300 million in assets under management by the end of the year. Nyatanyi expressed satisfaction with the fund's prudent investment strategy, which prioritizes calculated risks and financial discipline. This focus has led to a steady growth in asset value despite the economic challenges posed by the global landscape. The Chief Executive highlighted the fund's unwavering commitment to transparency, independence, and accountability as non-negotiable principles that guide its operations. In line with its vision for sustainable growth, Agaciro Development Fund is actively evaluating its investment portfolio to ensure optimal returns. By strategically divesting in non-profitable ventures and reinvesting in lucrative opportunities, the fund aims to bolster its financial position and maximize returns for its stakeholders. Looking ahead, Nyatanyi envisions a future where the fund reaches a milestone of $1 billion by 2030, a testament to its resilience and relentless pursuit of excellence. Despite not benefiting from natural resource revenues or budget surpluses, the fund's unique model sets it apart and underscores its commitment to responsible wealth management. While drawing inspiration from renowned sovereign wealth funds within the African continent, such as Botswana's Pula Fund and the Libyan Investment Authority, Agaciro Development Fund remains focused on sustainable growth through asset diversification and calculated risk-taking. Nyatanyi acknowledged the challenges inherent in managing a sovereign wealth fund, such as navigating fluctuating income streams and overseeing a diverse portfolio of companies. However, he expressed confidence in the fund's ability to overcome these hurdles and emerge stronger in the long run. As the Agaciro Development Fund continues on its growth trajectory, guided by principles of prudence and strategic foresight, it stands as a beacon of financial stability and economic empowerment for Rwanda and the African continent at large.