EAC secures $1.4 million for feasibility study of key road project
The East African Community (EAC) has secured $1.4 million for a feasibility study on a key section of the Northern Transport Corridor linking Kenya and Uganda.
The EAC Deputy Secretary General in charge of Planning and Infrastructure, Eng. Steven Mlote disclosed that the funding from the African Development Bank would...
Inkerebutsi Day set to be an annual event
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...
DFC eyes to invest in Burundi energy sector
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...
Burundi celebrates 32 years of National Unity
Burundi this week celebrated 32 years since the country adopted the National Unity charter after a referendum in 1991.
A referendum on the Charter of National Unity was held in Burundi on 9 February 1991. The charter was set to abolish ethnic discrimination and give a mandate for the government to write a...
Burundi’s telecom giant Econet owes more than $44 million in taxes, accounts risks getting frozen
One of Burundi’s telecommunication company Econet- Leo is on the verge of collapsing after the country’s Revenue Authority (OBR) ordered banks to transfer its funds to the Communications Regulatory Authorities (ARCT) account as payment of tax arrears.
“This is to pay ECONET LEO's debt of 88,756,006 572 BIF and $44,344,346 representing the arrears owed...
Burundi’s Ndayishimiye arrives in Dakar ahead of the summit
Burundi’s president Evariste Ndayishimiye this Tuesday arrived in Senegal’s capital Dakar to participate in the second edition of the Dakar Summit on food in Africa.
“The President of the Republic will be accompanied by the First Lady Angeline Ndayishimiye,” a statement reads from the office of president’s spokesperson.
The president was...
Burundi Central Bank imposes ceiling on cash deposits and withdrawals
Burundi’s Central Bank (BRB) on Friday announced a ceiling for cash withdrawals and deposits to all commercial and micro finance banks starting January 16th, 2023.
“Any account holder of a credit institution or microfinance institution can only withdraw in cash an amount less than or equal to BIF 15 million per day and BIF...
Intra-EAC trade grows to more than $10billion
Intra-regional trade within the East African Community (EAC) is on an upward trajectory standing at $10.17 billion in September 2022 according the EAC Secretariat. The intra-EAC trade, accounting for imports and exports between the seven community’s Partner States grew from 13 percent in 2019 at a value of US$7.1 billion to 15 percent in 2021 at a...
More than 1,000 are victims of human trafficking in Burundi
The International Organization for Migration (IOM) revealed that over 1,000 victims of human trafficking have been identified and assisted in Burundi since 2017.
In an article published by the organization, Burundi like many other countries is not exempted from the grips of traffickers who prey on the vulnerability of victims, both within the country and...
Burundi waives Covid-19 testing for travelers
Burundi’s health ministry last week announced the government’s move to waive the mandatory Covid-19 testing for travelers entering the country from all borders.
“The COVID-19 test is no longer required for travelers entering Burundi via the various entry points…for outgoing travelers, the negative PCR test is only required for those who go to countries...