EAC secures $1.4 million for feasibility study of key road project
The East African Community (EAC) has secured $1.4 million for a feasibility study on a key section of the Northern Transport Corridor linking Kenya and Uganda.
The EAC Deputy Secretary General in charge of Planning and Infrastructure, Eng. Steven Mlote disclosed that the funding from the African Development Bank would...
German injects $128 million in East Africa’s education and Health programmes
The East African Community Secretary General Amb. Liberat Mfumukeko and the German’s Charge d’Affaires Jorg Herrera after signing the agreement on December 4th 2019. PHOTO| Burundi Times
The East African Community (EAC) Secretary
General Liberat Mfumukeko on Thursday signed an agreement worth $ 128 million
with German’s Charge d’Affaires Jorg Herrera in Arusha, the fund...
DFC eyes to invest in Burundi energy sector
A team of the US International Development Finance Corporation (DFC) made a field visit in Burundi to explore opportunities to invest in mainly in the country’s private sector.
While addressing the press in Bujumbura on Friday 9th February, Andrew Herscowitz the Chief Development officer of DFC said that his visit was a follow up of...
Only 24 percent of Burundian population access internet
During The East African Communications Organization (EACO) meeting that was launched on Monday 26th June 2023 in Bujumbura (Burundi),
Economic fluctuation among factors hindering capital market operationalization
The Burundi Central Bank (BRB) last week indicated that the capital market was established in the country 13 years ago despite not being able to be operational due to challenges mainly the lack of economic fluctuation.
“The first and the main difficulty is what I call awareness. Because to progress a project requires to...
Fuel price in Burundi drops by 8 percent
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
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...
Tanzania-Burundi to sign dry port agreement in November
Burundi and Tanzanian government are set to sign an agreement that will see Burundi utilizing the 10 hector dry port that was allocated by Tanzanian government in Kwala area in coast region near the Dar es Salaam port.
“We visited the place which is near to the port what next is that Burundi will...
Burundi to receive $271 million from IMF
The Executive Board of the International Monetary Fund (IMF) on Monday approved a 38-month arrangement under the