Business

The Executive Board of the International Monetary Fund (IMF) on Monday approved a 38-month arrangement under the

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

During The East African Communications Organization (EACO) meeting that was launched on Monday 26th June 2023 in Bujumbura (Burundi),

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...

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

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,...

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...

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...

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".