What is EGF?
The Export Growth Fund (EGF) is a fund managed by BRD and was put in place by the Government of Rwanda with an aim of addressing generic constraints to exporters such as limited access to finance ( high costs of borrowing, limited post-shipment financing,) low production volumes, high international market entry related costs, generic loans backed by strong collateral.
#We Support, Your Export
Play Video
EGF-FOUR WINDOWS FACILITIES
Window 1: Investment Catalyst Facility
Window 2: Matching Grant Facility
Window 3: Export Credit Insurance Guarantee Facility
Window 4: Industrial Start-Up Facility
Window 1: Investment Catalyst Facility
- Objective: Encourage private sector investment in export oriented production in order to increase availability of goods and services for export.
- Purpose: Provide exporting firms and firms investing in export oriented production with a facility for reducing the costs of finance.
- BRD Plc. provide a direct lending with an Interest subsidy of 6.5% with maximum financing amount of FRW 1.5 Billion.
- Interest of 12% for on-lending through Participating Financial institutions (Bank of Kigali, BPR bank, I&M bank ,Cogebanque & Bank of Africa). Current max. financing amount is FRW 1 Billion.
- Target Group: Exporters and Export Focused Investors who meet eligibility requirements. Start ups ( pilot sectors) are encouraged if their purpose is export orientation.
Window 2: Matching Grant Facility
- Objective: Encourage firms to enter the export market by reducing the costs to Rwanda Firms when adjusting to standards and other technical requirements in target markets.
- Purpose: To provide Rwandan firms (exporters and non-exporters) a facility for availing additional funding directly through BRD in which government contributes a sum of money that “matches” a financial contribution made by the commercial enterprise.
The exporter will be facilitated to the tune of max. USD 100,000 which is presumed to be 50% of his total market development budget. - Target Group: Rwandan registered firm with audited financial accounts in the previous financial year with good projections for export revenues.
Window 3: Export Credit Insurance Guarantee Facility
- Objective: Offer specific, transaction-related guarantees to commercial banks to securitizes export finance transactions up to 80% of value.
- Purpose: The export guarantee facility is not intended to be a means of financing start-ups capital but rather to enhance the financial capabilities of exporters through providing credit insurance for pre-shipment and post-shipment finance to the level up to 80% of the required working capital.
- Target Group: All sectors actively in the export activities with collateral’s issues for short term financing.
Window 4: Industrial Start-Up Facility
- Objective: Encourages private sector investments to start up projects that recapture domestic markets and promotes export related activities.
- Purpose: The fund promotes borrowers setting up new businesses (non-existing industries) that are export oriented or have direct import substitution effects with innovation, development, and commercialization of new products and services driven by technology. Current max. financing amount is Frw 1.5 Billion.
- Target Group: New borrowers, young entrepreneurs and new start-ups or business lines that promote industrialization for exports and reduce imports
EGF TEAM
Manager, Export and Manufacturing Portfolio
Investment Officer
Investment Officer