Business

On Tuesday July 25th in the evening, six bars were closed in the country’s northern province of Ngozi due to what the Internal Affairs ministry called illegal and over charging of drinks. “Police in collaboration with the administration and the joint security committee closed 06 cabarets (INNOVA1, La Reine, Kugasaka, Nack Mat Bar, Just...

More than 100 countries including China, India, Brazil, and South Africa—face serious obstacles that could hinder their efforts to become high-income countries in

The Burundi Central Bank (BRB) announced Thursday that it has successfully upgraded its Automated Transfer System (ATS) to the international ISO 20022 standard, a major step in modernizing the country’s financial infrastructure. Starting Friday, Feb. 6, banks and the Régie Nationale des Postes will resume interbank operations using the new system. Edouard Normand Bigendako, Governor...

The pan-African trade insurance agency, The African Trade Investment and Development Insurance (ATIDI), has supported Songa Energy's USD 7.7 million run-of-the-river hydro project on the Ruvyironza River in Burundi. The 1.65 MW project is expected to be the first hydro Independent Power Producer (IPP) in the country, is set to benefit from ATIDI's Political Risk...

On the night of January 21, 2025, Burundian soldiers intercepted a large illegal fuel shipment in the Rumonge region,

BUJUMBURA, Burundi (Burundi Times) — A high-level regional aviation workshop opened this week in Bujumbura, focusing on the implementation of the Flexible Use of Airspace (FUA) concept—an initiative aimed at modernizing airspace management, cutting airline operating costs, and unlocking intra-African trade. Organized under the European Union-funded Support to Air Transport Sector Development (SATSD) programme,...

Kenyans will pay more to use the new Expressway covering a stretch of 26 kilometers from Jomo Kenyatta Airport to Westlands with an extension on both sides, after the rates were adjusted up by 16 per cent in what is attributed to the dollar exchange. The modern road was put up at the cost of Sh88 billion...

The global economy is proving more resilient than expected despite persistent trade tensions and policy uncertainty, with growth projected to remain broadly steady through 2027, according to the World Bank’s latest Global Economic Prospects report released Tuesday. The World Bank forecasts global growth of 2.6% in 2026, before edging up to 2.7% in 2027,...

While address a session of the 14th African Union High Level Private Sector Forum at the Kenyatta International Convention Centre in Nairobi, Kenya’s Cabinet Secretary for East African Community and Arid and Semi-arid Lands Rebecca Miano indicated that collaboration of regional value chains in Africa will open up domestic markets, achieve economies of scale and improve competitiveness...

Burundi president Evariste Ndayhsimiye this Tuesday September 27th officially kicked off the business summit between Burundi and Nigeria in Bujumbura in efforts to strengthen the bilateral cooperation between the two countries through investment in the private sector and trade promotion. “This Burundi and Nigeria Business summit calls for ambitious commitments to break the current...