Agaciro – AFD credit line for Rwanda’s sovereign wealth fund

• Assess the feasibility and value creation potential of an AFD asset-backed credit line for the Agaciro Development Fund through a rigorous financial model
• Strengthen the Fund’s institutional foundations, financial resilience, and ESG governance to maximize its national development impact

Key Achievements

Financial advisory :

• Mapped governance architecture, operational practices, and key bottlenecks, delivering actionable recommendations including ESG priorities
• Structured the credit facility framework: eligibility criteria, disbursement protocols, repayment terms, and implementation roadmap

Financial Modelling :

• Designed a dynamic model comparing Agaciro’s portfolio trajectory with and without the AFD credit line
• Determined the debt face value the Fund can service and the conditions under which the credit line creates value
• Validated robustness through stress testing and delivered capacity building training to the team

Expertise and added value

• Analytical rigor: a genuine decision-making tool designed to surface conditions, thresholds, and trade-offs
• Integrated approach: institutional diagnosis, financial modeling, and credit facility structuring as one coherent framework
• Tailored design: model and facility parameters built around Agaciro’s data, constraints, and ESG mandate
• Capacity building: knowledge transfer ensuring long-term ownership of tools and governance recommendations
• Development finance expertise: deep experience in sovereign and public fund structuring