Will the new Burundi government nip corruption in the bud?

The Burundian president while addressing the parliament last week vowed to eradicate corruption and embezzlement of public funds.PHOTO|FILE. As Burundi’s new cabinet took oath last week in the presence of President Evariste Ndayishimiye, constitutional court and the parliament, Burundi’s president reiterated his plans to fight corruption in the country for the next seven...

Burundi’s taxman records increase in revenue despite COVID-19 pandemic

Burundi's Revenue Authority Commissioner General Audace Niyonzima addressing the press on Tuesday July 02nd. 2020. PHOTO| OBR. Burundi’s Revenue Authority (OBR) recorded an increase in the revenue collection country wide despite Coronavirus Pandemic that has hit the country including other neighboring states. Burundi had announced the suspension of the passenger...

Diaspora Remittances critical for COVID-19 recovery

In COMESA region, the leading recipients of remittances were Egypt (US$ 26,791 million), Kenya (US$ 2,819 million), Tunisia (US$ 1,912 million), DR Congo (US 1,823 million) and Zimbabwe (US$ 1,730). PHOTO| FILE Remittance flows to Sub Saharan African countries expected to drop by 23.1% from $48 billion in 2019 to $37 billion in 2020 in...

Small cross border traders adopt new tactics to manage pandemic restrictions

The project region covers eastern DR Congo bordering western Rwanda and Uganda. PHOTO|FILE. Since the first case of Covid-19 was reported in the Great Lakes region in mid-March 2020, small scale traders have been unable to cross borders as they have traditionally done either to buy or sell goods. The...

EAC Partner States adopt Regional Electronic Cargo and Drivers Tracking System

The system allows the users to share information across borders in a transparent manner, and the truck drivers will need to upload the application on their phones.PHOTO| FILE. East African Community Partner States have adopted the Regional Electronic Cargo and Drivers Tracking System that will be hosted at the EAC Headquarters in Arusha,...

COMESA Member States wants socioeconomic study on COVID-19 impact

Member state officials indicated that some of the measures are not coordinated at a regional level thus seriously limiting regional trade which involves essential commodities that are in critical demand. PHOTO| FILE COMESA Member States have asked the Secretariat to conduct a socioeconomic study on the effects of the Coronavirus to inform ongoing COVID-19...

COMESA Agency scraps 12 Anti-Competition Trade Agreements

Other sectors in which the Commission reviewed were distribution agreements affecting alcoholic and non-alcoholic beverages and the fast-moving consumer goods. PHOTO| FILE. More than twelve trade agreements which have been operational in the Common Market for several years have been banned for being anti-competition. The action was taken by the COMESA Competition Commission...

COMESA hands over the Chair of Tripartite Task Force

The Tripartite brings together three RECs, including the East African Community into a cooperative framework on the implementation of the Tripartite Free Trade Area Agreement (TFTA) that was launched in 2015. PHOTO| BurundiTimes The Common Market for East and Southern Africa (COMESA) has handed over the stewardship of the tripartite group of Regional Economic Communities (RECs)...

World Bank, IMF mobilize partners in the fight against COVID-19 in Africa

The World Bank Group and the IMF suggested a range of financing options and policy tools as part of the pandemic response, many of which African countries are looking to implement as they plan for the medium and long-term impacts of the crisis. PHOTO| FILE. The World Bank Group and International Monetary Fund today convened African...

Youth Investment Bank opens in Gitega

Burudi's president Pierre Nkurunziza together with Evelyn Butoyi the minister for youth during the official launching of the bank in Gitega on April 15th. 2020. PHOTO| Burundi government. Burundi’s president Pierre Nkurunziza on Wednesday April 15th 2020 officially launched a Youth Investement Bank (BIJE) with the aim of fighting Youth unemployment in the country through providing loans...
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