COMESA records Increased Annual Inflation Rate

The annual inflation rate for the month of September 2020 increased to 81.9% up from 23.4% recorded in the same month last year. This means that prices of goods and services in the participating Member States went up. According to the latest Harmonized Consumer Price Index (HCPI) which measures inflation rate in the COMESA...

Fire razes Kamenge market as traders count losses

Fire gutted Kamenge market considered to be one of the busiest markets in Bujumbura in the wee hours of Saturday morning. Traders were left counting losses after a big part of the market went down in flames as fire fighters spent several hours trying to extinguish the fire. “Ivestigation has been...

TMEA signs $25,000 partner support agreement

Trademark East Africa (TMEA) partnered with the Burundi Federal Chambers of Commerce (CFCIB) signed a Public Private Dialogue project in Burundi worth $25,000 this Wednesday 9th. September, 2020. The project is expected to last for 2 years aiming at providing a platform to expose communication challenges for Burundi traders as well as trade Non-Tariff Barriers (NTBs).

COMESA COVID-19 Food Security Response Plan Underway

The COMESA Secretariat has developed a draft COVID-19 Regional Food and Nutrition Security Response Plan to improve agricultural productivity, enhance access to competitive markets and trade in agri-food commodities in the region. Implementation of the Plan is expected to create synergies and complement existing initiatives in the region and Member States, targeting specific commodities...

Agriculture remains underfunded in East Africa

During the East African Community Agriculture Budget Summit last week, small scale farmers in member states expressed concerns over the agriculture sector that has remained under funded calling on the member states to meet the Malabo declaration. “I acknowledge so many challenges that our small scale farmers in the region face including inadequate access...

82 percent of NTBs in COMESA are Operational

At least 82% of the reported Non-Tariff Barriers in the COMESA region are those imposed on imports and exports of goods and services and are largely operational by design. According to trade experts, these type of NTBs are easy to identify and monitor. Thus, from an analytical perspective, the relatively high rate of resolution...

Burundi forms committee to monitor railway project

In a presidential decree that was released by Burundi’s president Evariste Ndayishimiye earlier this week formed a committee whose mission is to ensure the sustainability of the project with the National policy. The railway project is expected to connect from Tanzania through the central corridor Uvinza-Musongati-Gitega-Bujumbura-Uvira and Kindu will see Burundi’s direct access to...

EABC calls for the reopening of regional Air Space

The East African Business Council has called on the East African Community (EAC) Partner States to fast track opening of air transport services to boost regional trade, tourism and hospitality sectors. In a statement released by the EABC, the Business Council said that it appreciates the measures by the EAC...

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...
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