Mixed reactions over ‘curfew’ on bars in Bujumbura

Burundi’s President Pierre Nkurunziza backed the decision urging Burundians “to take drinks at home and share with their family members”. PHOTO| FILE. Curfew on bars in Bujumbura have raised mixed reactions in citizens and bar owners on the impact the measure is causing to the Burundian society and the economy. In November...

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...

EAC Partner States adopt Regional Electronic Cargo and Drivers Tracking System

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,...

Youth Investment Bank opens in Gitega

Burudi's president Pierre Nkurunziza together with Evelyn Butoyi the minister for youth during the official launching of the bank in Gitega on April 15th. 2020. PHOTO| Burundi government. Burundi’s president Pierre Nkurunziza on Wednesday April 15th 2020 officially launched a Youth Investement Bank (BIJE) with the aim of fighting Youth unemployment in the country through providing loans...

Burundi’s Central Bank moves to stifle the parallel market

Burundi Central Bank governor Jean Ciza while addressing the media on Tuesday 17.September.2019 in Bujumbura. PHOTO| Burundi Times Burundi’s Central Bank (BRB) on Tuesday announced new measures that have been put in place in order for the forex bureaus to comply with the Bank’s official exchange rate. “Forex bureaus will be using a new software...

Burundi outlaws cryptocurrency

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...

Small cross border traders adopt new tactics to manage pandemic restrictions

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...

Kenya strengthens ties with Burundi, eyes DRC market

The free trade zone near DRC will be offered to Kenya’s private sector business men including the chambers of commerce and Kenya manufactures association to showcase Kenyan products mainly consumer and industrial products. PHOTO|FILE Kenya has stepped up efforts to strengthen the bilateral relations with the Burundian government in efforts to boost trade between the...

EALA to cooperate with ATT to eradicate illicit trade of weapons

The East African Community Legislative Assembly (EALA) is set to cooperate with the International committee of the Red Cross (ICRC) to advocate for the partner states to ratify the Arms Trade Treaty (ATT) aimed at preventing, and eradicating the illicit trade in Conventional arms and prevent their diversion in the East African Community.

Farmers call for EAC member states to implement Malabo declaration

The farmers’ forum is expected to present a petition to the upcoming East African Community heads of state summit signed by one million farmers. PHOTO: Burundi Times
In the financial year 2018-2019 all the East African member states allocated less than 10% of the budget on agriculture with the exception of Burundi which allocated 10.69% despite a high malnutrition rate in the country. During the fourth East African Community (EAC) agriculture summit that took place on May 10th in...
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