The Director General for Banking and Non-Banking Services at the Ministry of Finance and Economic Planning, Cyrille Hategekimana, said the guarantees have supported projects across key sectors, including agriculture, agro-processing, livestock value addition, manufacturing and other industries that contribute to Rwanda's economic development.

Speaking in Kigali during a meeting of FAGACE's Board of Directors held in Kigali on July 15, 2026, Hategekimana explained that the guarantees have helped both small and large-scale projects secure loans from financial institutions.

"These are several projects, both small and large. More than 22 have already benefited from this support to obtain financing from our financial institutions, including the Development Bank of Rwanda and other commercial banks," he said.

He also expressed hope that Rwanda will host the celebrations marking FAGACE's 50th anniversary in 2027, noting that the fund was established in Kigali before relocating its headquarters to Benin.

Speaking at the meeting, FAGACE Director General Dr. Ngueto Tiraïna Yambaye said the institution is committed to helping Rwandan banks, as well as African banks operating in Rwanda, reduce lending risks by providing credit guarantees.

He explained that FAGACE can guarantee between 50% and 70% of a loan, enabling banks to continue financing businesses and investment projects with greater confidence.

"We provide guarantees in all sectors except those prohibited by law. As long as an investment is legally permitted, we can support projects in every sector, including small businesses. We work closely with the banking sector, our main partner, as well as financial markets. We finance telecommunications, media, agriculture and many other sectors," Yambaye said.

He noted that banks require guarantees to strengthen confidence in loan repayment and that FAGACE stands ready to provide that support.

According to Yambaye, the fund has so far mobilised more than $25 billion for the economies of its member states and plans to further expand its support for projects in Rwanda and across East Africa.

FAGACE was established in Kigali in 1977 before its headquarters were moved to Benin. The institution currently has 22 member states and has maintained a representative office in Rwanda since 2015, serving as its regional hub for Rwanda and East Africa.