Regional Youth Ambassadors on border community sensitization

Youth Ambassadors with border officials at Kobero/Kabanga border during the sesitisation programme on the movement of goods,services and people in the region. PHOTO|FILE. The East African Community Youth Ambassadors are undertaking a multi-stakeholder outreach programme that kicked off yesterday targeting the border communities in some of the East African partner states. The aim of...

Burundi’s Central Bank moves to stifle the parallel market

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...

Burundi outlaws cryptocurrency

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...

NTBs hinders businesses as Tanzania-Burundi Trade Fair kicks off

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...

Second Burundi Manufacturers and Trade Fair kicks off in Bujumbura

Burundi president Pierre Nkurunziza officially launching the Trade Fair in Bujumbura on 13/June/2019. PHOTO|FILE: Burundi State House. The second edition of the Burundi manufactures and trade fair was officially opened this Thursday in Burundi’s capital Bujumbura, the fair was launched by president Pierre Nkurunziza at Hotel Club du Lac Tanganyika.

East African countries at high risk of debt distress again

EAC countries at risk of debt distress
EAC countries at risk of debt distress

Farmers call for EAC member states to implement Malabo declaration

The farmers’ forum is expected to present a petition to the upcoming East African Community heads of state summit signed by one million farmers. PHOTO: Burundi Times
In the financial year 2018-2019 all the East African member states allocated less than 10% of the budget on agriculture with the exception of Burundi which allocated 10.69% despite a high malnutrition rate in the country. During the fourth East African Community (EAC) agriculture summit that took place on May 10th in...

UNCTAD: Foreign Direct Investment in East Africa declines

Foreign Direct Investment (FDI) inflows to East Africa fell by 14% in 2018, this is according to the UN Conference on Trade and Development (UNCTAD). This despite FDI flows to Africa bucking the global trend and registering and increase of 6% in 2018, though most of these inflows went to North and Southern Africa.

EALA to cooperate with ATT to eradicate illicit trade of weapons

The East African Community Legislative Assembly (EALA) is set to cooperate with the International committee of the Red Cross (ICRC) to advocate for the partner states to ratify the Arms Trade Treaty (ATT) aimed at preventing, and eradicating the illicit trade in Conventional arms and prevent their diversion in the East African Community.

EABC: Burundi’s intra-regional trade declines by 4%

According to the latest figures released by the East African Business Council Burundi’s trade with the East African Community member states declined by 4.1% ($162 million) in 2017 from 169 million in 2016, the regional business council said that the decline of the country’s trade with member states is as a result of decline in volume of both imports...