Business

The Chief Executive Officer of the East African Business Council (EABC) Mr. John Bosco Kalisa last Saturday urged EAC Partners States to have common regional policies on future global shocks to enhance economic resilience and rebound amid COVID-19. Speaking at the News Editors Round Table on Impact of COVID-19 on Businesses and Economies in the...

The World Bank Group and African Development Bank Group announced on Wednesday April 17th 2024 the partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030.  In a press statement released by the World Bank, The World Bank Group will work to connect 250 million...

Preparations are in high gear for the 5th Edition of the East African Community (EAC) Arts and Culture Festival, popularly known as Jumuiya ya Africa Mashariki Utamaduni Festival (JAMAFEST) scheduled for 4th -12th September, 2022 in Bujumbura, Burundi. The main objective of the Festival themed “Harnessing cultural resources to mitigate the impacts of COVID-19...

The road to exporting avocados to China for Kenyan farmers appears not only to be too long and winded, but also very bumpy. So lengthy is the road that after years of lobbying and six months since Kenya signed a deal with the Asian nation to export the produce, no fruit has left the...

The first of May every year is celebrated to pay tribute to workers, and Burundi Labor Day celebration will be done on Monday May 2nd according to the government’s communique. With the celebrations expected to be marked with marching and showcasing different products produced in the country by companies and individuals, this year’s celebration...

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".

A team of the US International Development Finance Corporation (DFC) made a field visit in Burundi to explore opportunities to invest in mainly in the country’s private sector. While addressing the press in Bujumbura on Friday 9th February, Andrew Herscowitz the Chief Development officer of DFC said that his visit was a follow up of...

Burundi's Central Bank (BRB) urged citizens to use electronic transactions to reduce cash transactions. The cashless payment system is said to be secure, reliable and prevent money laundering "To prevent inflation, the Bank of the Republic of Burundi (BRB) is doing a close follow up of the amount of bank notes in circulation regarding...

EAC countries at risk of debt distress

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...