Business

U.S. Embassy Bujumbura Chargé d’Affaires Ambassador Melanie Higgins met this week with Chris Showalter, chief executive officer of Lifezone Metals, to discuss proposed plans for a joint U.S.–Burundi initiative to develop the Musongati nickel deposit, according to a post from the embassy on X formerly known as Twitter. The discussions focused on ways to...

A Burundian national and owner of a cargo ship that sunk in Lake Tanganyika on Wednesday 16th, 2022 hailed Tanzania’s navy for a quick and on time to rescue all the eleven crew members who were on board before the ship capsized.  “I thank the army and Tanzanian government in rescuing the crew and...

Speaking at the EAC Incentive Scheme Workshop organized by East African Business Council with support from TradeMark East Africa; Dr. Samuel Nyantahe from Confederation of Tanzania Industries (CTI) said, "Final products manufactured using raw materials benefiting from duty remission do not access the EAC market at the preferential rate of 0% which has set back the growth...

The Ministry of Finance, Budget and Economic Development has launched the second phase of its electronic invoicing project, aimed at strengthening tax revenue management through digitalization. Finance Minister Nestor Ntahontuye announced the initiative on March 18 at the headquarters of the Burundi Revenue Authority (OBR). As part of the expansion, the government has acquired...

CAIRO, Egypt — The East African Business Council (EABC) has called for the urgent implementation of the African Continental Free Trade Area (AfCFTA), emphasizing its critical role in driving economic growth and integration across the continent. The call was made during the 17th meeting of the AfCFTA Council of Ministers and the High-Level Private Sector...

Burundi and the Democratic Republic of Congo are constructing a 130-meter bridge with an estimated cost of approximately 24 billion Burundian Francs that will connect Burundi and DRC in Cibitoke province. The bridge’s reconstruction began on October 2, 2023 for a period of 13 months and 15 days, is currently financed by the World,...

East African Business Council (EABC) Chairperson Angelina Ngalula on Tuesday called on the governments of the East African Community (EAC) Partners States to market East Africa as a single investment destination by showcasing and reinforcing the bloc's comparative and competitive advantage. Speaking at the press conference during her official visit to the EABC Secretariat...

KAMPALA, Uganda — East African countries are looking to unlock the region’s underutilized leather industry potential, as stakeholders met in Kampala earlier this month to chart a path forward for the sector. The three-day EAC Regional Leather Platform Meeting, held April 3–5, brought together government officials, private sector players, and development partners to identify...

The East African Legislative Assembly (EALA) this Wednesday 26 June 2024 adjourned its seating for 24hrs after the regional ministers failed to show up during a seating in Arusha, Tanzania. The East African Community Council of ministers which is chaired by South Sudan on Tuesday tabled $112 million as the budget for the East...

A parliamentary committee that unearthed the “bad” terms of the Uganda-China’s Exim Bank Entebbe Airport loan agreement has ended its probe, noting that the deal is binding. Joel Ssenyonyi, chairperson of the Committee on Commissions, Statutory Authorities and State Enterprises, told The EastAfrican that it is impossible to pull out of the agreement given the dire...