Business

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 Common Market for Eastern and Southern Africa (COMESA) has called on Gitega to join other African Union member states and reap the benefits of the liberalised air transport market.  During the Single African Air Transport Market (SAATM) awareness workshop conducted in Burundi from 19 – 20 July 2023, Jean Claude Kanene Burundian Assistant...

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’s president Evariste Ndayishimiye this Tuesday arrived in Senegal’s capital Dakar to participate in the second edition of the Dakar Summit on food in Africa.  “The President of the Republic will be accompanied by the First Lady Angeline Ndayishimiye,” a statement reads from the office of president’s spokesperson.  The president was...

Burundi Central Bank  cautioned the public and that no entity or financial institution is currently authorized to offer remittance or other payment services using a virtual currency. PHOTO| FILE. Burundi’s Central Bank (BRB) has today issued a statement that outlaws the use of cryptocurrency in the country, the governor of the central bank Jean Ciza...

Burundi’s Minister of Energy and Mines Ibrahim Uwizeye yesterday said that following the decline in the world prices of petroleum products, “there was also a decrease in the costs of transporting these products by

The Common Market for Eastern and Southern Africa – COMESA has developed regional policy frameworks that will assist Member States to improve the quality of solar products that are allowed into the region and achieve the ease the doing of business across borders due to predictable duty regimes. The policy intends to address the...

At the margins of the EU-Africa Business Forum, the International Trade Centre (ITC) signed a partnership with the Africa Business Council (AfBC) to empower African enterprises especially women and youth. Through this partnership ITC’s One Trade Africa programme will support the AfBC in its mandate to coordinate business support organisations across the continent and...

The East African Business Council, COMESA and SADC Business Council have officially launched and formed the African Tripartite Business Council to spearhead the inclusion of private sector policy proposals into the negotiations of African Continental Free Trade Area (AfCFTA) Agreement and the African Tripartite Free Trade Area (TFTA).  This is one of the resolutions...

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,...