Economy
' “Ruziba newly constructed market”

Six markets rehabilitated and one newly constructed thanks to EU funds, inaugurated


08-10-2017 The government of Burundi with the EU inaugurated six markets rehabilitated and one newly constructed in Ruziba, Kanyosha zone in Bujumbura on Wednesday 10th August 2017. This project was funded by the EU. Different authorities from the government, ambassadors from European countries and a big crowd of people were (...)
' Pélate Niyonkuru, Minister of trade and industry:  “It would be unfair to move the summit to another country with all the money we invested in its preparations.”

Burundi says it is ready to host 2017 COMESA Summit

08-02-2017 The secretary general of Common Market for Eastern and Southern Africa (COMESA) has recently sent a letter to the Burundian Minister of Trade and Industry stating that Burundi will not host the 20thsummit of COMESA. However, the concerned minister says the reasons provided in the letter are unfounded and (...)
' “There has been Amstel 65 cl shortage since last week. We receive other drinks except that beer”.

Amstel beer consumers and sellers complain about its shortage

08-02-2017 There is a shortage of Amstel beer 65 cl. Consumers complain and suspect its withdrawal from the market. However, Brarudi, the Burundi brewery company, says the scarcity of that beer is due to its high consumption these days. “We were told to give back the empty bottles of Amstel (...)
' Côme Manirakiza, Minister of Energy and Mining: “Electricity will be available soon but says prices will have to increase”

Energy ministry to decrease power cut by increasing electricity price

08-01-2017 This Monday 31 July, the Minister of Energy and Mining, Côme Manirakiza, presented an assessment of the ministry’s achievements for the first semester of the on-going year. He has promised that electricity will be available soon but says prices will have to increase. “REGIDESO, a company in charge of (...)
' Ministers of economy, finance and planning and other personalities from ECCAS

ECCAS takes off for peace, prosperity and solidarity

07-13-2017 The Economic Community of Central African States (ECCAS) have adopted a mid-term strategic plan (2016-2020) that aims at the development of the community on priority themes of peace, infrastructures and energy which have been identified as the main challenges for integration. The delegate of the Secretary General says the (...)
' Andrew Mold, Acting Director of the UNECA Sub-regional Office for East Africa presenting Burundi profile in Bujumbura

“Decreased agricultural productivity causes low growth in Burundi”, UNECA report reveals

07-13-2017 Growth in Burundi is low, due to the low productivity of the subsistence agriculture on which the majority of the population depends, reveals the analysis presented on 13 July in Bujumbura by the United Nations Economic Commission for Africa (UNECA). On the occasion of the publication of the Burundi (...)
' The ‘Grenier du Burundi’ market closed now.

Traders of ‘Grenier du Burundi’ market relocated to COTEBU market

07-05-2017 The Bujumbura Mayor’s decision to relocate traders of ‘Grenier du Burundi’ market in Bujumbura city center to ‘COTEBU’ market in Ngagara zone has been implemented since this morning. Some traders say their goods are still locked up in the former market. Since the morning of Wednesday 5 July, the (...)
' Public transit vehicles relocated to COTEBU Market.

North station for public transit vehicles relocated from Kamenge to Ngagara II

07-04-2017 Since Monday morning, Bujumbura authorities in collaboration with the police have relocated the north station for public transit vehicles. Bujumbura City Mayor says the decision was taken to prevent road accidents and promote economic activities at the newly built market commonly called COTEBU. At 7 AM, at the market (...)
' Noël Nkurunziza: "The prices of exempted food products are almost unchanged on the market."

Tax exemption: Godsend for traders

06-26-2017 Maize seeds, maize flour, manioc, cassava flour, rice and beans have been exempted from customs duties since 15 May. Burundian Association of Consumers (ABUCO) denounces that only importers benefit from this tax exemption. “Consumers have not yet benefited from the tax exemption of imported food”, says Noël Nkurunziza, ABUCO (...)
' Economic crisis-1-2 copy

Burundi risks being deeply in debt

06-21-2017 Since 2014, public national debt is increasing. Today it exceeds BIF 1.200  billions. 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 billions” said Faustin Ndikumana, Executive Secretary (...)