iSOKO to facilitate women in business

Burundi's iSOKO a digital platform which was officially launched in Bujumbura last Friday is set to facilitate the intra-regional trade in the East African Community mainly targeting women traders.  During the official launch of iSOKO Platform that was held at Hotel Club du Lac on Friday 28th of August, Trade Mark Africa (TMA) has...

6 Bars closed in Ngozi for over pricing

On Tuesday July 25th in the evening, six bars were closed in the country’s northern province of Ngozi due to what the Internal Affairs ministry called illegal and over charging of drinks. “Police in collaboration with the administration and the joint security committee closed 06 cabarets (INNOVA1, La Reine, Kugasaka, Nack Mat Bar, Just...

Burundi urged to embrace liberalization of air transport 

The Common Market for Eastern and Southern Africa (COMESA) has called on Gitega to join other African Union member states and reap the benefits of the liberalised air transport market.  During the Single African Air Transport Market (SAATM) awareness workshop conducted in Burundi from 19 – 20 July 2023, Jean Claude Kanene Burundian Assistant...

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

Private Sector employs 90 percent of Africa’s working age

While address a session of the 14th African Union High Level Private Sector Forum at the Kenyatta International Convention Centre in Nairobi, Kenya’s Cabinet Secretary for East African Community and Arid and Semi-arid Lands Rebecca Miano indicated that collaboration of regional value chains in Africa will open up domestic markets, achieve economies of scale and improve competitiveness...

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,...