Business

Burundi’s 2022-2023 annual budget increased by a whopping 40% according to the country’s finance minister Domitien Ndihokubwayo while he introduced the budget to the parliament in Bujumbura earlier this week. “Citizens also should help contribute for the annual projects as the budget records a shortage of almost 200 Billion BIF during the 2022-2023 annual...

Over 150 transit trucks cross over the Katuna-Gatuna One Stop Border Post (OSBP) daily following the reopening of the border. This was revealed during the East African Business Council- Trade Mark East Africa (EABC-TMEA) Public Private Dialogue with Trade Facilitation Agencies at the Katuna-Gatuna OSBP that took place this Tuesday June 28th. Mr. Peter Gikwiyakave,...

Burundi remittances is now said to have increased by 115 percent according to the country’s Central Bank (BRB), while addressing the press the BRB Governor said that the measures to lift restrictions on money transfer has already created a positive impact on the country’s economy. In October, 2022, Burundi’s Central Bank lifted the restrictions...

The East African Community has proposed another deadline for a single currency while expected to miss out on the 2024 deadline that was initially set by the heads of state upon signing the Monetary Union Protocol in 2013. During the celebration of 23 years since the East African Community was revived after its collapse...

The massive rise in inflation in Pakistan could result in demand destruction and may create difficulties for the government to meet its tax targets, according to a media report. "With global oil prices increasing, Pakistan will find it hard to foot the import bill. Pressed hard by the highest inflation in January (13 per...

Burundi has been hit by one of the longest fuel shortage period as citizens in Bujumbura find it more difficult to move from one place to another due to the lack of public transport with long queues being witnessed at fuel stations. Bujumbura as the economic capital daily activities kicks off in the early...

Burundi cross-border traders and officials will now start using a mobile application to report trade barriers. The East African Community (EAC) Secretariat and TradeMark Africa’s (TMA) Burundi Programme conducted a two-day training on Non-Tarriff Barriers (NTBs) for Burundi’s cross border trade participants who included customs officials, border police, freight forwarders, clearing agents, and representatives...

COMESA Secretariat has conducted a study on the socio-economic impacts of the COVID-19 pandemic in the region. The study is expected to help Member States in developing policies to address the impacts of the pandemic on their economies. According to the study, only six Member States: Egypt, Ethiopia, Kenya, Malawi, Rwanda and Uganda are...

The East African Business Council (EABC) is calling for partner states to adopt a 35 percent tariff on imported goods outside the East African Community in what it says will help promote and develop regionally manufactured products. “The way to protect our infant industry is to raise the common external tariff for those products...

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.