Economy
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Burundi risks being deeply in debt

06-21-2017 Since 2014, public national debt is increasing. Today it exceeds BIF 1.200  billion. Parcem, a local NGO aiming at changing people’s mentality is worried about the way the debt is increasing. “The accumulation of this national debt currently represents more than BIF 1.200 milliards” said Faustin Ndikumana, Executive Secretary (...)
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Increase in rent causes Bujumbura City Market traders to close shops

06-20-2017 Traders of about 30 shops at the Bujumbura City Market –BCM have suspended their daily activities due to the increase in rent, this morning 20 June. The market’s management accuses them of illegally occupying its empty spaces. “We don’t understand why we should pay additional rent”, says angrily a (...)
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Sugar import has produced its effects

06-19-2017 Sugar price has gone down since the start of June. This decrease is due to the import of 7.000 tons of sugar and the increase of SOSUMO supply to the market. ”Now I am allowed to buy any quantity of sugar that I need without any condition”, says gladly (...)
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Foreign currency transfer: Regional banks benefit

06-16-2017 NGOs have been obliged to open their foreign currency accounts at the Burundi Central Bank (BRB) since last April. Some of them and individuals receive transfer of funds via Rwandan and Congolese banks. “Following the decision of the bank of the Republic of Burundi, we created an account at (...)
' Nestor Bankumukunzi, Telecommunication Minister: “We call for people not to call back all the foreign numbers using a beeping system”.

Telecommunication ministry reassures theft victims through foreign calls

06-13-2017 Many Burundians say they have got missed calls by the following foreign numbers: +22478000546, +22478000542, +22478000556 and +5321647912 from 9 June. They say they lost all their airtime credits when they tried to call back the numbers. The ministry of telecommunication reassures the victims and says the issue is (...)
' It’s the availability of locally-produced rice that may have caused the slight price decrease of imported rice.

Import duties exoneration for foodstuffs may be profiting importers, not consumers

06-06-2017 Prices of imported food products that have been exempted from customs duties have hardly decreased. Consumers think importers are taking advantage of the tax-exemption. The Burundian Association of Consumers (ABUCO) is worried that the government measure to exonerate certain imported food products may be profiting importers who may have (...)
' Faustin Ndikumana: “fragile states do not have access to long-term loans for dynamic internal development”

Burundi once again falls into fragile state index

06-01-2017 World Bank and African Development Bank have identified 19 states including Burundi that fall into the fragile states criteria. A fragile state is a low-income country characterized by week state capacity or legitimacy leaving citizens vulnerable to a range of shocks. The World Bank deems a country to be (...)
' Fuel shortage makes waiting for a bus look like “waiting for Godot”.

Fuel shortage: Is temporary relief over?

05-30-2017 From last week, the public sighed with relief that there were signs the fuel shortage that had rocked the nation over several weeks was to end soon. But the problem reoccurs bringing with it its nightmarish events. On Tuesday morning, many of service stations were dry, and vehicles built (...)
' Eco Cash is a mobile financial transaction service offered by the telephone operator Econet-Leo

Burundi: ICTs infrastructure left unexploited because of lack of culture

05-16-2017 Minister of Information Communication Technologies (ICTs) says, despite the country having enough basic infrastructure, Burundi falls back in the use of ICTs. “We have found that Burundi has a fairly well-developed ICT infrastructure. But the observation we make, bitterly noteworthy, is that we are still deficient in terms of (...)
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Six food products exempted from tax; consumers demand list extension

05-16-2017 On May 12, the Minister of Finance issued a Ministerial Ordinance exempting six food products from tax. Consumers and traders say these products are not enough given the economic situation in Burundi. “Cassava and cassava flour, maize and maize flour, rice and dried beans are the products exempt from (...)