COMESA Member States wants socioeconomic study on COVID-19 impact

Member state officials indicated that some of the measures are not coordinated at a regional level thus seriously limiting regional trade which involves essential commodities that are in critical demand. PHOTO| FILE COMESA Member States have asked the Secretariat to conduct a socioeconomic study on the effects of the Coronavirus to inform ongoing COVID-19...

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...

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).

Mixed reactions over ‘curfew’ on bars in Bujumbura

Burundi’s President Pierre Nkurunziza backed the decision urging Burundians “to take drinks at home and share with their family members”. PHOTO| FILE. Curfew on bars in Bujumbura have raised mixed reactions in citizens and bar owners on the impact the measure is causing to the Burundian society and the economy. In November...

COMESA Agency scraps 12 Anti-Competition Trade Agreements

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...

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...

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...

Will the new Burundi government nip corruption in the bud?

The Burundian president while addressing the parliament last week vowed to eradicate corruption and embezzlement of public funds.PHOTO|FILE. As Burundi’s new cabinet took oath last week in the presence of President Evariste Ndayishimiye, constitutional court and the parliament, Burundi’s president reiterated his plans to fight corruption in the country for the next seven...

Second Burundi Manufacturers and Trade Fair kicks off in Bujumbura

Burundi president Pierre Nkurunziza officially launching the Trade Fair in Bujumbura on 13/June/2019. PHOTO|FILE: Burundi State House. The second edition of the Burundi manufactures and trade fair was officially opened this Thursday in Burundi’s capital Bujumbura, the fair was launched by president Pierre Nkurunziza at Hotel Club du Lac Tanganyika.

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...
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