Kenya Wants China to Extend $5 Billion Debt Repayment Period
Kenya plans to ask China for a longer repayment period on $5 billion of loans it used to build a new railway line, Transport Secretary-designate Kipchumba Murkomen said.
Servicing the Export-Import Bank of China loans, which mature in 15 to 20 years, is choking the economy, Murkomen told lawmakers Wednesday at a confirmation hearing...
How the EAC Trade Fair advances MSMEs and regional growth
Trade among members of the East African Community (EAC) jumped by 27 % from USD 14.2 billion to USD 18 billion between June 2024 and June 2025, while total EAC trade with the rest of the world rose 22 % to USD 140.8 billion in the same period, officials told delegates at the 25th EAC Micro, Small and Medium Enterprises (MSMEs) Trade Fair in Nairobi.
EAC Urged to Unite on Trade Negotiations
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...
iSOKO to facilitate women in business
Burundi's iSOKO a digital platform which was officially launched in Bujumbura last Friday is set to facilitate the intra-regional trade in the East African Community mainly targeting women traders.
During the official launch of iSOKO Platform that was held at Hotel Club du Lac on Friday 28th of August, Trade Mark Africa (TMA) has...
Burundi and DRC Launch Simplified Trade Regime to Boost Cross-Border Trade
In a significant step toward enhancing regional trade and integration, Burundi and the Democratic Republic of Congo (DRC) officially
Private Sector urges political will to boost Intra-EAC trade
East African private sector leaders on Friday urged partner states to demonstrate stronger political will to eliminate non-tariff barriers and accelerate intra-regional trade, as business executives and regional officials convened for the EABC CEOs–EAC Secretary General meeting in Bujumbura.
Representatives from Burundi’s private sector including MIRA Steel and Roofings, FOMI, Seed Trade Company and...
New Electronic Invoicing Machines to Combat Tax Fraud in Burundi
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...
Unlocking Africa’s Economic Growth Amid U.S. Policy Changes
African leaders and business experts gathered Thursday for the webinar "Trump, Trade, and Africa: Turning Policy Shifts into Opportunities" to discuss how evolving U.S. trade policies could provide significant opportunities for inclusive and sustainable growth across the continent.
Hon. John Lual Akol Akol, chairperson of the East African Business Council (EABC), called for a...
Burundian Authorities Seize Illegal Fuel Shipment Amid Ongoing Fuel Crisis
On the night of January 21, 2025, Burundian soldiers intercepted a large illegal fuel shipment in the Rumonge region,
Burundi’s new sanitation ordinance: Industrial waste fines explained
Industrial and commercial establishments in Burundi could face fines of up to 500,000 Burundi francs (around US $150) for dumping wastewater and other pollutants into rivers, lakes, or wetlands, under a new sanitation ordinance enacted this month.
The law prohibits factories, workshops, and business premises from releasing untreated waste or oil residues into natural...