TMEA signs $25,000 partner support agreement

Trademark East Africa (TMEA) partnered with the Burundi Federal Chambers of Commerce (CFCIB) signed a Public Private Dialogue project in Burundi worth $25,000 this Wednesday 9th. September, 2020. The project is expected to last for 2 years aiming at providing a platform to expose communication challenges for Burundi traders as well as trade Non-Tariff Barriers (NTBs).

Burundi’s telecom giant Econet owes more than $44 million in taxes, accounts risks getting frozen

One of Burundi’s telecommunication company Econet- Leo is on the verge of collapsing after the country’s Revenue Authority (OBR) ordered banks to transfer its funds to the Communications Regulatory Authorities (ARCT) account as payment of tax arrears.  “This is to pay ECONET LEO's debt of 88,756,006 572 BIF and $44,344,346 representing the arrears owed...

Sanction lift against Burundi a boost for EAC-EU trade agreement

The East African Legislative Assembly Committee on Communications, Trade and Investment is meeting in Bujumbura to review the East African Community Customs Management Act 2004, to facilitate and ease the cost of doing trade/business in the community. During the meeting the Director General of customs and trade at the East African Community Bagamuhunda Kenneth...

Street vendors given 4 days to leave the streets

The mayor of Bujumbura Jimmy Hatungimana has given street vendors an ultimatum to leave the streets during his routine visits in Bujumbura on Thursday this week. While in Rohero in one of the busiest streets, Bujumbura mayor gave four days for all the street vendors to leave the streets and relocate to markets or...

Burundi and DRC private sectors meet to boost trade

Burundi and Democratic Republic of Congo chambers of commerce met on Tuesday in Bukavu (DRC) in efforts to boost the trade between the two countries.

Regional Ministers urge member states to scale up infrastructure programmes

Ministers of infrastructure have called on regional States to scale up programmes to upgrade and maintain infrastructure and facilities, adopt and implement COMESA transit instruments to improve transport corridors’ efficiency. In their 12th joint meeting conducted virtually, today, June 2, 2021, the ministers responsible for transport, energy and Information, Communication Technology (ICT) acknowledged the huge...

RAERESA gets $1.5m for harmonization of Electricity Regulations and improving Cross Border Power Trade

The Board of the African Development Bank (AfDB) has approved a grant of US$1.5m to advance intra-regional harmonization of electricity regulations and drive cross-border power trading in the COMESA region. This will be implemented through COMESA’s energy regulatory arm -the Regional Association of Energy Regulators for Eastern and Southern Africa (RAERESA). The two-year project...

Kenya’s expressway charges increases by 16 percent

Kenyans will pay more to use the new Expressway covering a stretch of 26 kilometers from Jomo Kenyatta Airport to Westlands with an extension on both sides, after the rates were adjusted up by 16 per cent in what is attributed to the dollar exchange. The modern road was put up at the cost of Sh88 billion...

Burundi-Uganda talk to boost bilateral trade

Burundi and Uganda held a 3rd session of the Joint permanent commission in Bujumbura to review and take stock of implications of the decisions made during the second session, and recommend new areas of operations and improving the bilateral relations and livelihood of their people. At Kiriri Garden hotel in Bujumbura last week, Burundi and...

COMESA Agency scraps 12 Anti-Competition Trade Agreements

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...
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