Business

At least one person was shot dead this Monday December 14th, 2020 by the police while attempting to flee with a boat loaded with 52 million worth of loincloth (Kitenge). According to the Burundian police four people were arrested and one shot dead while raiding smugglers sneaking in more than 1800 loincloths from the...

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...

As part of encouraging the youth entrepreneurship in Burundi, the country’s president Evariste Ndayishimiye announced that the Inkerebutsi day will be from now on an annual event that will seek to recognize youth innovation and entrepreneurs of the year.  “I will collaborate with those in electronics and make sure Burundi also starts manufacturing mobile...

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 East African Business Council (EABC) CEO John Bosco Kalisa called on the EAC member states to harmonize domestic tax regimes and Proposed measures for 2022/23 Budgets. Mr. Kalisa said the Treaty for the establishment of the East African Community obliges the Partner States to harmonize their tax policies with a view of removing...

Kenya-Tanzania bilateral trade has hit USD 905.5 million in 2021 for the period January –November 2021 according to the Central Bank of Kenya. This was highlighted during the East African Business Council Trade Facilitation Forum at Namanga One-Stop Border Post. Speaking at the Forum, Mr. John Bosco Kalisa said “Kenya imports from Tanzania stood...

Farmers in the central province of Muramvya in Burundi are desperate to access international markets for their products in efforts to expand

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

At least 82% of the reported Non-Tariff Barriers in the COMESA region are those imposed on imports and exports of goods and services and are largely operational by design. According to trade experts, these type of NTBs are easy to identify and monitor. Thus, from an analytical perspective, the relatively high rate of resolution...

With the exception of Air Uganda, regional carriers like Kenya Airways, Rwanda Air, Ethiopian Airlines issued a statement to its customers and travel agencies that tickets will be bought in US dollars or Euros effective this Wednesday 27th.