Agaciro development Fund is a serious hurt for Rwandans and Foreign Investors
As the Rwandan leadership is panicking over the international community halt to aid, the improvised collection of funds to make their regime keep running is becoming worrisome for nationals and foreign businesses working in Rwanda.
The recent statistics of the contributors to the Agaciro Funds shows clearly that the real instigators of the current and worsening financial situation and the primary spoilers of the Rwandan wealth do not bother to put even a penny into that so-called salvation Funds.
Face to the humiliation from the external donors, the military dictatorship imposed the Agaciro Funds to humiliate in their turn foreign companies that were initially rushed into the country and nowadays abandoned by their countries policies to pull out of Rwanda. Those companies are facing a dilemma to contribute as much as they can to please the Kigali regime for their own survival to stay in the country, or to refrain from doing so and find themselves forcefully or maliciously kicked out empty hands. Those who greatly contributed to the Agaciro Funds last month made other small companies vulnerable for more harassment and they wonder how many times they will hold on being the first targets for even bigger shares. The race to please the dictatorship will certainly bear a certain collapse of both the Agaciro and their respective companies, and the dictatorship will not care less.
On the same note, domestically, the pressure to the public figures now become the Agaciro collectors is dangerously increasing the level of corruption hurting hard low level citizens who need to pay for their lives. Banks are ranked to top donors but it is not their money! They have to rip off people's accounts and properties put at speedy auction.
Each minister or state agency director has to coerce the respective branches of supervision to maintain a position. This obviously reaches the powerless bottom of the ladder that has no choice and no voice. The powerful that have been sucking everything from the country are so far exempted to drop anything to the sinking ship. The duration of this nightmare and who will survive remain to be seen.
Lucien Nambaje
Kigali
The recent statistics of the contributors to the Agaciro Funds shows clearly that the real instigators of the current and worsening financial situation and the primary spoilers of the Rwandan wealth do not bother to put even a penny into that so-called salvation Funds.
Face to the humiliation from the external donors, the military dictatorship imposed the Agaciro Funds to humiliate in their turn foreign companies that were initially rushed into the country and nowadays abandoned by their countries policies to pull out of Rwanda. Those companies are facing a dilemma to contribute as much as they can to please the Kigali regime for their own survival to stay in the country, or to refrain from doing so and find themselves forcefully or maliciously kicked out empty hands. Those who greatly contributed to the Agaciro Funds last month made other small companies vulnerable for more harassment and they wonder how many times they will hold on being the first targets for even bigger shares. The race to please the dictatorship will certainly bear a certain collapse of both the Agaciro and their respective companies, and the dictatorship will not care less.
On the same note, domestically, the pressure to the public figures now become the Agaciro collectors is dangerously increasing the level of corruption hurting hard low level citizens who need to pay for their lives. Banks are ranked to top donors but it is not their money! They have to rip off people's accounts and properties put at speedy auction.
Each minister or state agency director has to coerce the respective branches of supervision to maintain a position. This obviously reaches the powerless bottom of the ladder that has no choice and no voice. The powerful that have been sucking everything from the country are so far exempted to drop anything to the sinking ship. The duration of this nightmare and who will survive remain to be seen.
Lucien Nambaje
Kigali