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.

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),

Ten days ultimatum lapses for old bank notes

Billions of Burundian Francs were collected throughout the ten days of the ultimatum given by the country’s Central Bank to phase out the old banknotes, from 7th to the 17th of June 2023 all over the Burundian territory. The phased out banknotes were of 5,000 and 10,000, in the country’s western provinces of CiBitoke...

Gitega makes tactical change on bank notes

Burundi government early this week made a tactical change of the bank notes as speculation continue to flood social media.

Global growth slows in emerging economies

Global growth has slowed sharply and the risk of financial stress in emerging market and developing economies (EMDEs) is intensifying amid elevated global interest rates, according to the World Bank’s latest Global Economic Prospects report. Global growth is projected to decelerate from 3.1% in 2022 to 2.1% in 2023. In EMDEs other than China,...

10th East African Petroleum Conference kicks off in Kampala

The Uganda Vice President Jessica Alupo on Tuesday, 9th May, 2023 officially opened the 10th East African Petroleum Conference and Exhibition 2023, themed East Africa as a hub for Investment in Exploration and Exploitation of Petroleum Resources for Sustainable Energy and Socioeconomic Development. The Ugandan Vice President who represented the President of Uganda Yoweri...

Commodity Prices to Register Sharpest Drop Since the Pandemic

Global commodity prices are expected to decline this year at the fastest clip since the onset of the COVID-19 pandemic, clouding the growth prospects of almost two-thirds of developing economies that depend on commodity exports, according to the World Bank’s latest Commodity Markets Outlook report. The drop in prices, however, is expected to bring little relief...

Ndayishimiye officially unveils 7.5MW Solar Plant

The Burundi president Evariste Ndayishimiye this Monday officially inaugurated Mubuga Solar Plant in the country’s capital Gitega. The solar energy plant was created between the Burundi government and GigaWatt Global which is expected to generate 7.5MW. In his speech, the Head of State hailed "a real accelerator of socio-economic development".

IMF reaches Staff-Level Agreement of $261 million with Burundi

An International Monetary Fund (IMF) team led by Ms. Mame Astou Diouf, Mission Chief for Burundi, visited Bujumbura during February 2−12 and held follow-up virtual meetings during February 22−April 6 to discuss with the Burundian authorities IMF support for their macro-economic policies and reform plan. At the end of the discussions, Ms. Mame Astou...

Fuel crisis hits Burundi again

Burundi again is facing a fuel crisis after months of what citizens called “sufficient fuel” the country. Despite diesel being available at the petrol station around Bujumbura, long queues have been witnessed at almost every fuel station as petrol shortage rocks again the country. “I have parked my car at this...