Business

The East African Community (EAC) budget for the Financial Year 202223 has stagnated as the regional minister projected that the economy of the region is expected to decline amid inflation of commodities due to numerous factors. The community tabled $91.5 million for the financial year 2022-2023 with 59 percent of the budget  will be...

The COVID-19 outbreak and the associated global economic turmoil creates a critical need to support the Fund’s membership. PHOTO| FILE In direct response to the COVID-19 crisis the International Monetary Fund (IMF) Executive Board has adopted some immediate enhancements to its Catastrophe Containment and Relief Trust (CCRT) to enable the Fund to provide debt...

The East African Legislative Assembly on Tuesday called on member states to expedite the liberalisation and domestication of the East African Community airspace. A motion in the East African Legislative Assembly was moved by Paul Musamali and Kennedy Musyoka calling on the council of ministers and partner states as per Article 89 of the...

The 5th edition of the YouthConnekt Africa Summit is under the theme Accelerating Investments in Youth: “Resilient Youth, Resilient Africa”, will be held from 13 – 15 October 2022 in Kigali, Rwanda. Building on its unique convening power, the edition of the continental annual youth gathering projects is set to attract over 10,000 participants...

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 mayor of Bujumbura Jimmy Hatungimana has given street vendors an ultimatum to leave the streets during his routine visits in Bujumbura on Thursday this week. While in Rohero in one of the busiest streets, Bujumbura mayor gave four days for all the street vendors to leave the streets and relocate to markets or...

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.

A Burundian trader explaining to some of his customers about his locally manufactured products on August/30/2019. PHOTO| BurundiTimes. Under the auspices of the Tanzanian embassy in Burundi, a four day trade fair was officially opened in Bujumbura this Friday with the aim to share experience and network between traders of the two...

During the East African Community Agriculture Budget Summit last week, small scale farmers in member states expressed concerns over the agriculture sector that has remained under funded calling on the member states to meet the Malabo declaration. “I acknowledge so many challenges that our small scale farmers in the region face including inadequate access...

Pakistan’s rupee is poised for its biggest monthly decline in more than two years as deteriorating finances and uncertainty over the International Monetary Fund’s bailout plan weigh on the currency. The rupee has declined about 7% in May, the steepest drop since March 2020, as the country negotiates a bailout package with the IMF...