Economy
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Burundi industry is struggling, industrialists say

12-04-2019 The Association of Burundi Industrialists (AIB) reveals that this sector confronts financial and technical problems. “Burundi industry faces the lack of energy, foreign currencies and reliable and developed infrastructure,” said Olivier Suguru, chairman of the Association of Burundi Industrialists. It was in an exchange workshop organized by AIB along (...)
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Only Burundi Central Bank to buy and sell gold

11-27-2019 The Minister of Energy and Mines has banned any gold business in the country. Only Burundi Central Bank is allowed to buy and sell gold. A local corruption watchdog applauds the decision but doubts its implementation. “The purchase and sale of gold by shop counters is now suspended,” said (...)
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Cement is now available in sufficient quantity, BUCECO official reassures

11-26-2019 Official of Burundi Cement Company says the scarcity of BUCECO cement observed for almost two months was due to the technical problems that occurred in the company. He reassures that the cement is now available. The shortage of the cement manufactured by Burundi Cement Company (BUCECO) has been observed (...)
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Traders using umbrellas in Bujumbura city in despair

11-26-2019 Trading activities under umbrellas are no longer authorized in Bujumbura city since this November 22. Freddy Mbonimpa, Bujumbura Mayor said the decision concerns the three urban communes of Bujumbura city. Dealers of airtime cards and money transfer in Mukaza urban city are lamenting. Umbrellas of Lumitel or Econet phone (...)
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BRB threatens to sanction foreign exchange offices

11-15-2019 “Exchange offices must comply with the rates set by the central bank,” says Prosper Ngendanganya, Director of Supervision, Financial Stability and Financial Inclusion in Burundi Central Bank –BRB. He says the decision has been taken after a meeting organized between the central bank and shareholders of exchange offices this (...)
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Increase in price of staple food in Bujumbura city

11-15-2019 Prices of beans, rice, meat… have significantly increased in the last three months in Bujumbura city. The price of a kg of beans known as “yellow beans” has moved from BIF 1800 to BIF 2100 in the last three months. “We get food supplies at a high price and (...)
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Traders in Bujumbura city report shortage of cement

10-11-2019 Traders in “Quartier Asiatique” neighborhood of Bujumbura city say they face the scarcity of cement since last week. They deplore the lack of foreign currencies to import it. At 9 a.m. in Quartier Asiatique of Bujumbura city, construction materials such as irons, metal sheets, etc. can be seen in (...)
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Around 10% of Burundians have access to Internet

10-11-2019 Donatien Manirampa, Director General of the Agency for Regulatory and Control of Telecommunications in Burundi-ARCT says about 53% of Burundians are in possession of cell phones, but only around 10% of them have access to internet. “The internet penetration rate remains low due to the telecommunication antennas installed in (...)
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Burundi: Bureaux de change face shortage of foreign currencies

10-10-2019 While discussing the new regulations of the Central Bank on foreign exchange this October 9th, owners of foreign currency exchange offices in Burundi have said they suffer the shortage of foreign currencies. “Our clients do not get foreign currencies because we do not have enough of them,” says Alexandre (...)
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Illegal foreign exchange dealers arrested in Bujumbura city

09-28-2019 In the morning of this September 27th, some foreign exchange dealers without bureaus have been arrested by the police after others were arrested a day before in the city center of Bujumbura. The junction of Prince Louis Rwagasore roadway and Amitié Street, near Ndamama House in the city center (...)