Business

Burundi government last week signed an agreement worth 19.7 million Euros with the European Union alongside the African Development Bank to strengthen capacity and upgrade the cargo handling volume in the central corridor. Burundi’s finance minister signed for amount of 19.7 million Euros which is set to rehabilitate and provide the efficiency at the...

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...

Lack of sugar in Burundi for several months has now resulted in the suspension of some local leaders who were suspected of diverting essential sugar supplies from citizens.

Burundi’s Finance Minister Audace Niyonzima on Friday called on the Burundian Revenue Office (OBR) to intensify efforts to reverse a revenue shortfall of 110 billion Burundian francs (BIF) over the last four months, warning of significant consequences for the national budget if the situation persists.   Meeting with OBR officials, Niyonzima emphasized the...

Officials in Burundi’s Kayanza Province are grappling with a corn storage crisis as demand for last year’s harvest remains low. Corn produced in the region has been placed on the market by the National Grain and Cereal Company (ANAGESSA), but both traders and consumers are not purchasing the grain in significant quantities. Deus Babahokubwayo,...

Billions of Burundian Francs were collected throughout the ten days of the ultimatum given by the country’s Central Bank to phase out the old banknotes, from 7th to the 17th of June 2023 all over the Burundian territory. The phased out banknotes were of 5,000 and 10,000, in the country’s western provinces of CiBitoke...

Arusha, Tanzania — May 28, 2025 The East African Business Council (EABC) has urged East African Community (EAC) Partner States to adopt a collective approach when negotiating trade agreements with third parties, warning that separate bilateral deals could weaken the region’s economic integration and distort its Common External Tariff (CET). Speaking...

The Chief Executive Officer of the East African Business Council (EABC) Mr. John Bosco Kalisa last Saturday urged EAC Partners States to have common regional policies on future global shocks to enhance economic resilience and rebound amid COVID-19. Speaking at the News Editors Round Table on Impact of COVID-19 on Businesses and Economies in the...

BUJUMBURA, Burundi — The Bank of the Republic of Burundi (BRB) is moving ahead with its ambitious plan to fully digitize the country's financial system by November 2025, officials announced during a stakeholder workshop held this week in Bujumbura. The initiative, spearheaded by BRB’s Payment Systems Management Department, aims to modernize the nation’s payment...

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...