Business

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...

The East African Business Council has called on the East African Community (EAC) Partner States to fast track opening of air transport services to boost regional trade, tourism and hospitality sectors. In a statement released by the EABC, the Business Council said that it appreciates the measures by the EAC...

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...

Burundi's Revenue Authority Commissioner General Audace Niyonzima addressing the press on Tuesday July 02nd. 2020. PHOTO| OBR. Burundi’s Revenue Authority (OBR) recorded an increase in the revenue collection country wide despite Coronavirus Pandemic that has hit the country including other neighboring states. Burundi had announced the suspension of the passenger...

In COMESA region, the leading recipients of remittances were Egypt (US$ 26,791 million), Kenya (US$ 2,819 million), Tunisia (US$ 1,912 million), DR Congo (US 1,823 million) and Zimbabwe (US$ 1,730). PHOTO| FILE Remittance flows to Sub Saharan African countries expected to drop by 23.1% from $48 billion in 2019 to $37 billion in 2020 in...

The project region covers eastern DR Congo bordering western Rwanda and Uganda. PHOTO|FILE. Since the first case of Covid-19 was reported in the Great Lakes region in mid-March 2020, small scale traders have been unable to cross borders as they have traditionally done either to buy or sell goods. The...

The system allows the users to share information across borders in a transparent manner, and the truck drivers will need to upload the application on their phones.PHOTO| FILE. East African Community Partner States have adopted the Regional Electronic Cargo and Drivers Tracking System that will be hosted at the EAC Headquarters in Arusha,...

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...

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...

The Tripartite brings together three RECs, including the East African Community into a cooperative framework on the implementation of the Tripartite Free Trade Area Agreement (TFTA) that was launched in 2015. PHOTO| BurundiTimes The Common Market for East and Southern Africa (COMESA) has handed over the stewardship of the tripartite group of Regional Economic Communities (RECs)...