Business

COMESA Secretariat has conducted a study on the socio-economic impacts of the COVID-19 pandemic in the region. The study is expected to help Member States in developing policies to address the impacts of the pandemic on their economies. According to the study, only six Member States: Egypt, Ethiopia, Kenya, Malawi, Rwanda and Uganda are...

At least one person was shot dead this Monday December 14th, 2020 by the police while attempting to flee with a boat loaded with 52 million worth of loincloth (Kitenge). According to the Burundian police four people were arrested and one shot dead while raiding smugglers sneaking in more than 1800 loincloths from the...

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...

BUJUMBURA, Burundi ( The Burundian government has set the official price for maize at 1,700 Burundian francs (Fbu) per kilogram for the current production cycle, Minister of Environment, Agriculture, and Livestock Prosper Dodiko announced Tuesday during a press briefing. The move aims to stabilize market conditions and encourage farmers to continue their agricultural activities.

In a significant boost to Burundi's trade ambitions, the East African Business Council (EABC), in collaboration with the EU Technical Assistance Facility (EU-TAF) and

Kenya’s debt repayments towards China-funded infrastructure projects have more than doubled to a record Sh73.48 billion this financial year on the back of increased clearance of principal sums after the grace period lapsed. Expenditure data published this week by the Treasury shows the amount repaid to Chinese lenders has surged 135.15 percent compared with...

A Burundian trader explaining to some of his customers about his locally manufactured products on August/30/2019. PHOTO| BurundiTimes. Under the auspices of the Tanzanian embassy in Burundi, a four day trade fair was officially opened in Bujumbura this Friday with the aim to share experience and network between traders of the two...

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...

Professor Salomon Nsabimana is a 48 year old macro economist, lecturer at the University of Burundi, a consultant and among the experts that drafted the Burundi National Development Plan 2018-2027. He spoke to Burundi Times’ Joella Nichiteretse on what the country should implement in meeting the Competition Policy Protocol of the African Continental Free...

Burundi’s Central Bank (BRB) on Friday announced a ceiling for cash withdrawals and deposits to all commercial and micro finance banks starting January 16th, 2023. “Any account holder of a credit institution or microfinance institution can only withdraw in cash an amount less than or equal to BIF 15 million per day and BIF...