Economy
' Domitien Ndihokubwayo: “ We can confirm that the results of the fourth quarter 2014 are satisfactory with a rate of realisation of 108. 3% which shows an increase of BIF 14.6 billion.” ©Iwacu

Burundi to become member of AFREXIM-Bank soon

04-13-2018 The National Assembly has analyzed and adopted a bill for Burundi to join the African Bank of Export-Import-AFREXIM-Bank. Domitien Ndihokubwayo, Finance Minister who presented the bill at the National Assembly says the bank will be of paramount importance for the country. “Economic operators will have facilities related to the (...)
' Vehicles in the queue at Kigobe City Oil” station

Burundi: Petrol shortage due to disruption in supply

04-06-2018 The capital Bujumbura has facing shortage of fuel since the past three days. Vehicle users fear intentions of a further rise in its price. At around 10 a. m. this 5 April, vehicles were lining up in long queues on some gas stations which are still providing petrol in (...)
' Léonard Sentore: “API does not have sufficient means to control all new companies”

API unable to control all companies operating in Burundi

04-06-2018 The Investment Promotion Agency (API) has said it is unable to regulate all the companies operating in Burundi due to limited budget. Léonard Sentore, Director of API, has said that this Thursday 05 April. While informing the public about the achievements of the agency during the first term of (...)
' Participants in the meeting of the 16th annual meeting of the African Association of Lawyers of Banking and Financial Institutions held in Bujumbura

Banking law professionals from 12 African countries meet in Burundi

04-04-2018 Burundi is hosting the 16th annual meeting of the African Association of Lawyers of Banking and Financial Institutions (AJBEF) since 3 April. For 3 days, banking law professionals representing 12 African countries will be discussing the challenges that the sector is faced with, said Clément Nduwimana, the chairman of (...)
' Déo-Guide Rurema: “Coffee alone brings more than 60% of the foreign currency resulting from exports”.

Measures taken for smooth running of 2018-2019 coffee season

03-30-2018 Effective measures have been taken so as to boost the performance of coffee companies during the 2018-2019 campaign. This was said by the Minister of Agriculture and Livestock, this Thursday, March 29, during a press conference on the preparation of coffee season. “Transit centers are prohibited in the areas (...)
' Domitien Ndihokubwayo, Minister of Finance: «We wish to take a step forward in doubling the disbursement rate next year.”

Low disbursement rate as major performance challenge of World Bank budget in Burundi

03-21-2018 “The disbursement rate is not satisfactory as there are projects that were started two years ago while the disbursement rate is at 20% and those projects are supposed to be completed in two or three years, “said Domitien Ndihokubwayo, Minister of Finance, during the meeting between the World Bank (...)
' Déo Guide Rurema: “Burundi like other countries in the East African region faces problems in the cotton sector”

Brazilian Agency for Cooperation to rescue Cotton Sector in Burundi

03-20-2018 The Brazilian Agency for cooperation has promised this March 19th 2018 to improve the cotton sector in Burundi as it is going through a critical period due to land scarcity, climate change and parasites attack in East African region. The Brazilian Agency for Cooperation includes the Burundi cotton sector (...)
' Saleswomen in Bujumbura city center say they work in difficult conditions.

International Day against Police Brutality: street vendors in dire straits

03-16-2018 It’s 11:00 a.m. on 15 March in Bujumbura City Center. It’s raining. Street sellers are performing their daily activities with difficulty. Saleswomen with basket full of goods on their heads are selling their products to all passerby. In front of “Village Market”, two saleswomen are selling their orange and (...)
' Three local PARCEM representatives in public hearing

Burundi: PARCEM to lodge an appeal for its three representatives sentenced by Muramvya Court

03-13-2018 Three representatives of local NGO involved in changing people’s mindset (PARCEM) accused of high treason were sentenced of 10 years’ imprisonment and BIF 200.000 each in fine by Muramvya High Court on 8 March. Faustin Ndikumana, PARCEM Chairman says his organization is shocked to hear the sentence pronounced against (...)
' Faustin Ndikumana: “The government should seek why people are tarnishing the image of their country and find a solution”

Tarnished Burundi image, serious handicap to touristic sector development

03-06-2018 One among other factors that cause Burundi to remain among the poorest countries in the world is the lack of development of the touristic sector. This is mainly caused by the bad image of the country presented by some Burundians. “CNDD-FDD members, FNL members …all Burundians included are victims (...)
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