Business

The East African Community (EAC) Secretary General Peter Mathuki this Wednesday launched the EAC Regional Domestic Tourism Media Campaign where media outlets expected to disseminate, and showcase the tourism potentials the region possess in efforts to revamp the sector after being largely hit by the covid-19 pandemic since last year. While addressing the journalists...

Kenyan exporters have raised concerns of high demurrage charges and loss of their agricultural produce over food certification required by China, making it difficult to trade. The Asian country on January 1 implemented new registration requirements for companies that export food to China. According to the regulations, all overseas manufacturers of...

The COMESA Secretariat has developed a draft COVID-19 Regional Food and Nutrition Security Response Plan to improve agricultural productivity, enhance access to competitive markets and trade in agri-food commodities in the region. Implementation of the Plan is expected to create synergies and complement existing initiatives in the region and Member States, targeting specific commodities...

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...

The COMESA Competition Commission (CCC) has imposed a fine of USD$300, 000 each on the Confederation of African Football (CAF) and BEIN Media Group LLC (beIN) for breach of the COMESA competition regulations. This follows the findings of the Commission’s Committee Responsible for Initial Determinations (the CID) that certain provisions of the beIN Agreements...

Burundi’s small scale traders were left in dilemma after the Central Bank’s move to stifle the forex bureaus country wide that exchange foreign currency on a much higher rate. PHOTO| FILE As Burundian government stepped up to suspend the operationalization of the forex bureaus in the country, some economic analysts backed the government’s decision arguing that the...

After almost a month of fuel crisis in Burundi, the government announced on Thursday the new fuel tariff in the country making it the second time in less than a year for fuel price to increase. Gitega said that there was disruption in the importation and distribution of fuel in the country due to...

WASHINGTON, October 6, 2022—The World Bank Group approved $120 million in financing for the Burundi Transport Resilient Projectwhich aims to provide efficient, safe, and climate resilient road connectivity along the main corridor linking Burundi with Tanzania. It will also strengthen the institutional capacity to sustainably plan, develop, and preserve climate resilient road assets. The project...

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...

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...