Business

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...

New East African Business Council (EABC) study on the impact of Covid-19 in the tourism &hospitality sector reveals 2.1 million jobs lost in 2020 in the EAC region. East Africa Community (EAC) Partner States are estimated to have lost international tourism receipts to the tune of $ 4.8 Billion in the year 2020, following...

The Tripartite brings together three RECs, including the East African Community into a cooperative framework on the implementation of the Tripartite Free Trade Area Agreement (TFTA) that was launched in 2015. PHOTO| BurundiTimes The Common Market for East and Southern Africa (COMESA) has handed over the stewardship of the tripartite group of Regional Economic Communities (RECs)...

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.

Lawmakers have given the Kenya Railways Corporation (KRC) three months to recover Sh1 billion it paid as compensation to faceless individuals that were affected by the building of the standard gauge railway (SGR). The details of the payments to unverified individuals by Kenya Railways are contained in the 24th Report on State Corporations by...

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...

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,...

Burundi Central Bank  cautioned the public and that no entity or financial institution is currently authorized to offer remittance or other payment services using a virtual currency. PHOTO| FILE. Burundi’s Central Bank (BRB) has today issued a statement that outlaws the use of cryptocurrency in the country, the governor of the central bank Jean Ciza...

Kenyans will pay more to use the new Expressway covering a stretch of 26 kilometers from Jomo Kenyatta Airport to Westlands with an extension on both sides, after the rates were adjusted up by 16 per cent in what is attributed to the dollar exchange. The modern road was put up at the cost of Sh88 billion...

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...