Business

WASHINGTON, October 6, 2022—The World Bank Group approved $120 million in financing for the Burundi Transport Resilient Projectwhich aims to provide efficient, safe, and climate resilient road connectivity along the main corridor linking Burundi with Tanzania. It will also strengthen the institutional capacity to sustainably plan, develop, and preserve climate resilient road assets. The project...

Burundi Central Bank (BRB) governor Dieudonné Murengerantwari this Friday announced the lifting of the ban on forex bureaus that was imposed two years ago. While addressing journalists in Bujumbura, Mr. Murengerantwari said that Burundi is starting a series of reforms to modernize its monetary policy.  “The measure taken on February 07,...

Burundi president Evariste Ndayhsimiye this Tuesday September 27th officially kicked off the business summit between Burundi and Nigeria in Bujumbura in efforts to strengthen the bilateral cooperation between the two countries through investment in the private sector and trade promotion. “This Burundi and Nigeria Business summit calls for ambitious commitments to break the current...

The Board of the East African Business Council (EABC) held its 84th Meeting in Dar es Salaam, Tanzania and outlined priorities set to boost intra-EAC trade and investments. In her speech to the 84th EABC Board Meeting, the Chairperson Ms. Angelina Ngalula lauded the EABC Secretariat for championing the adoption of 35% as the 4th band of...

According to the resolutions made at the final day of the 2nd East African Community (EAC) Tourism Expo that concluded in Bujumbura, Burundi on Monday afternoon, East African Community (EAC) Partner States were urged to cooperate in packaging and promoting tourism investment opportunities and incentives in the region through different fora. Partner States agreed...

Burundi president and the current Chairperson of the East African Community Evariste Ndayishimiye launched the 5th Edition of the East African Community (EAC) Arts and Culture Festival (Jumuiya ya Afrika Mashariki Utamaduni Festival - JAMAFEST) at the Intwari Stadium on Monday 5th September, 2022. The President said the East African Community Arts and Culture...

The East African Private Sector have urged governments to fast-track the harmonisation of East African Standards during the EABC-TMEA Regional Public Private Engagement on Standards held in Dar es Salaam, Tanzania last Sunday. Evidence shows harmonization of standards increased the intra-trade by 10%, reduced inspection & clearance costs at the border from USD. 500...

The 5th edition of the YouthConnekt Africa Summit is under the theme Accelerating Investments in Youth: “Resilient Youth, Resilient Africa”, will be held from 13 – 15 October 2022 in Kigali, Rwanda. Building on its unique convening power, the edition of the continental annual youth gathering projects is set to attract over 10,000 participants...

Preparations are in high gear for the 5th Edition of the East African Community (EAC) Arts and Culture Festival, popularly known as Jumuiya ya Africa Mashariki Utamaduni Festival (JAMAFEST) scheduled for 4th -12th September, 2022 in Bujumbura, Burundi. The main objective of the Festival themed “Harnessing cultural resources to mitigate the impacts of COVID-19...

Professor Salomon Nsabimana is a 48 year old macro economist, lecturer at the University of Burundi, a consultant and among the experts that drafted the Burundi National Development Plan 2018-2027. He spoke to Burundi Times’ Joella Nichiteretse on what the country should implement in meeting the Competition Policy Protocol of the African Continental Free...