CAF fined for breach of regional regulations

The COMESA Competition Commission (CCC) has imposed a fine of USD$300, 000 each on the Confederation of African Football (CAF) and BEIN Media Group LLC (beIN) for breach of the COMESA competition regulations. This follows the findings of the Commission’s Committee Responsible for Initial Determinations (the CID) that certain provisions of the beIN Agreements...

Fostering regional trade, resource mobilisation and integrating new partner states to be at the core of EAC’s 2024 agenda

The East African Community (EAC) is gearing up for 2024 with a stronger focus on fostering intra-regional trade, resource mobilisation and integrating the newest Partner States. While addressing the EAC staff of the EAC Organs and Institutions from the EAC Headquarters in Arusha, Tanzania on Tuesday January 9th, 2024, the EAC Secretary General highlighted...

Global Economy Set for Weakest Half-Decade Performance in 30 Years

As the world nears the midpoint of what was intended to be a transformative decade for development,

Former BRB governor arrested over money laundering, embezzlement of public property

Burundi’s former Central Bank (BRB) governor Dieudonné Murengerantwari and a city tycoon Sylvestre Niyonsaba were arrested by

Burundi: Air tickets to be bought in foreign currency

With the exception of Air Uganda, regional carriers like Kenya Airways, Rwanda Air, Ethiopian Airlines issued a statement to its customers and travel agencies that tickets will be bought in US dollars or Euros effective this Wednesday 27th.

SMEs in Burundi learn about AfCFTA

The East African Business Council (EABC), in collaboration with the African Export-Import Bank (Afreximbank),

Burundi: The bitter sugar

Lack of sugar in Burundi for several months has now resulted in the suspension of some local leaders who were suspected of diverting essential sugar supplies from citizens.

High charges could derail electronic transactions in Burundi

Burundi's Central Bank (BRB) urged citizens to use electronic transactions to reduce cash transactions. The cashless payment system is said to be secure, reliable and prevent money laundering "To prevent inflation, the Bank of the Republic of Burundi (BRB) is doing a close follow up of the amount of bank notes in circulation regarding...

Burundi farmers still struggle to access markets

Farmers in the central province of Muramvya in Burundi are desperate to access international markets for their products in efforts to expand

Traders go on strike over inflated rentals

Burundi traders in the popular markets of Ruvumera and Jabe located in Bujumbura went on strike this Monday morning over the country’s Revenue Authority (OBR) introduced new tariffs for renting the shops in and stands in the markets. “These rates which were imposed on monthly basis doesn’t do any good for traders because the...
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