Is Burundi government’s move to suspend forex bureaus the right call?

Burundi’s small scale traders were left in dilemma after the Central Bank’s move to stifle the forex bureaus country wide that exchange foreign currency on a much higher rate. PHOTO| FILE As Burundian government stepped up to suspend the operationalization of the forex bureaus in the country, some economic analysts backed the government’s decision arguing that the...

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...

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...

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).

Burundi’s Central Bank moves to stifle the parallel market

Burundi Central Bank governor Jean Ciza while addressing the media on Tuesday 17.September.2019 in Bujumbura. PHOTO| Burundi Times Burundi’s Central Bank (BRB) on Tuesday announced new measures that have been put in place in order for the forex bureaus to comply with the Bank’s official exchange rate. “Forex bureaus will be using a new software...

Kenya strengthens ties with Burundi, eyes DRC market

The free trade zone near DRC will be offered to Kenya’s private sector business men including the chambers of commerce and Kenya manufactures association to showcase Kenyan products mainly consumer and industrial products. PHOTO|FILE Kenya has stepped up efforts to strengthen the bilateral relations with the Burundian government in efforts to boost trade between the...

Burundi outlaws cryptocurrency

Burundi Central Bank  cautioned the public and that no entity or financial institution is currently authorized to offer remittance or other payment services using a virtual currency. PHOTO| FILE. Burundi’s Central Bank (BRB) has today issued a statement that outlaws the use of cryptocurrency in the country, the governor of the central bank Jean Ciza...

Burundi standards Bureau questions BRARUDI drinks

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...

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)...

German injects $128 million in East Africa’s education and Health programmes

The East African Community Secretary General Amb. Liberat Mfumukeko and the German’s Charge d’Affaires Jorg Herrera after signing the agreement on December 4th 2019. PHOTO| Burundi Times The East African Community (EAC) Secretary General Liberat Mfumukeko on Thursday signed an agreement worth $ 128 million with German’s Charge d’Affaires Jorg Herrera in Arusha, the fund...
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