Business

Despite Burundi’s inflation rate to have decreased from 27 percent in 2023 to 20 percent in 2024, the International Monetary Fund projected the country’s inflation rate is set to rise to 25 percent next year (2025). The Burundian government has recently adopted policy adjustments, including fiscal consolidation under the revised 2023/24 budget, tightening of monetary policy, and...

The Common Market for Eastern and Southern Africa (COMESA) has called on Gitega to join other African Union member states and reap the benefits of the liberalised air transport market.  During the Single African Air Transport Market (SAATM) awareness workshop conducted in Burundi from 19 – 20 July 2023, Jean Claude Kanene Burundian Assistant...

BURUNDI – The Burundian government will shift to a results-oriented budget for the 2025-2026 fiscal year, moving away from previous models that focused on annual revenue, Finance Minister Nestor Ntahontuye announced Monday. Ntahontuye said the new approach will center on a project-based framework. He acknowledged challenges in past government investments, noting that unclear project...

With more than 60 years of operation in Burundi, BRARUDI remains the largest brewer and soft beverage company in the territory. PHOTO| BRARUDI The Burundi Bureau of Standards (BBN) expressed concerns over the quality of drinks brewed by the country’s major brewery BRARUDI a French acronym for (Brasseries et Limonaderies du Burundi). In a...

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...

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...

The East African Legislative Assembly Committee on Communications, Trade and Investment is meeting in Bujumbura to review the East African Community Customs Management Act 2004, to facilitate and ease the cost of doing trade/business in the community. During the meeting the Director General of customs and trade at the East African Community Bagamuhunda Kenneth...

Burundi Breweries (BRARUDI) and Burundi Cement Company (BUCECO) announced the inflation of their commodity prices that took effect this Monday. According to the two companies, it is said that the price increase is due to the inflation of the raw materials and energy. “The cement price of a 50 kg bag...

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...

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