Economy
' Gabriel Rufyiri: “The adoption of this bill will definitely constitute a tax burden on taxpayers”

2018 Budget bill, unrealistic and unreliable one, says OLUCOME

12-11-2017 For the 2018 fiscal year, domestic resources in the general state budget account for 69.6% against 30.4% of donations. Tax revenue constitutes 60.9%, non-tax revenue 5% and exceptional revenue 3.6%. OLUCOME denounces very high taxes. The recently submitted budget bill for 2018 is judged as unrealistic and unreliable by (...)
' Serges Ndayiragije “Corruption is a reality despite different initiatives undertaken to root it out in Burundi”

Corruption, evil to be rooted out in Burundi, says Minister

12-08-2017 The International Anti-Corruption Day 2017 will be celebrated this Saturday 9 December while Burundi is still threatened by corruption. The ministry of good governance urges the population to get involved in the fight against it. Serges Ndayiragije, Minister of Good Governance says corruption still hinders the country’s development despite (...)
' Hicham El Moussaoui: “Burundi is well equipped to eradicate poverty and the youth are among the resources”

Burundi has natural and human resources to get out of poverty

11-23-2017 Burundi, like many other countries, has sufficient material and human resources to develop but remains among poor countries. Hicham El Moussaoui appeals to youth to face the reality so as to find strategies to move forward. In his presentation in the regional workshop organised by the student for liberty (...)
' CVMR and Minister of Mines and Energy signed a research Convention on Nickel and associated minerals in Waga-Nyabikere and Mukanda localities

About 1,500 job opportunities to be created by CVMR Mining Company

11-20-2017 The Ministry of Energy and Mines has signed this 20 November, research conventions with CVMR Energy Minerals Incorporation of Toronto Canada for exploring mineral concessions in Waga-Nyabikere and Mukanda areas. The latter have proven and estimated reserves of Nickel, Cobalt, Iron, copper, PGMs, Vanadium and titanium Kamran M. Khozan, (...)
' Passengers may use Platinum agency to travel to Kampala-Uganda via Kigali

Passengers for Kampala may now pass through Kigali or Tanzania

11-15-2017 Passengers from Burundi to Kampala are no longer obliged to pass through Tanzania. Since two months, travel agencies can also go through Kigali. It is a huge relief for traders and passengers. Shopkeepers sourcing from Uganda welcome the situation. “Kigali way is too short and the transportation conditions are (...)
' AllegriaNduwimana making wrapping papers

Entrepreneurship in Burundi: Not easy but possible…

11-14-2017 Despite various handicaps to entrepreneurship in Burundi such as the limited access to finance, lack of entrepreneurial spirit and the Burundian culture, some young Burundians have proved that entrepreneurship is possible. Allegria Nduwimana is a young entrepreneur who produces biodegradable packaging. Grown up in a club promoting the protection (...)
' Pelate Niyonkuru: “A foreign trader who leaves the country without paying all his debts can be sued now”

Adopted bill on trader insolvency to help reduce bankruptcy risks?

11-09-2017 Burundi National Assembly adopted a bill on trader insolvency on 08 November, 2017. The new law will allow insolvent businessmen to lodge a complaint and the institutions to sue foreign traders unable to pay debts even outside the country. Some MPs questions its efficiency. Traders who go bankrupt or (...)
' The number of tourists who come to Burundi is very low

BBIN report reveals hotel occupancy rate in Burundi is 10%

11-07-2017 Pierre Claver Nduwumwami, Director General of Burundi Business Incubator, says the hotel occupancy rate is very low as the number of tourists who come to Burundi is very low. “The purchasing power of domestic customers who occupy rooms in hotels is low,” he says. He also says the tourism (...)
' Unroasted Burundian coffee

Burundian coffee exporters fear going bankrupt

11-07-2017 In a meeting that Burundian coffee exporters held on November 03, they said the fall in the price of coffee at the international market is one of the causes of problems they are currently faced with. Burundian coffee exporters say they fear going bankrupt. They say one of the (...)
' Prosper Ngendanganya: “The revised bank law protects more the consumers of banking services”

One year given to bank debtors to sell their mortgaged property

11-07-2017 The central bank has recently revised the law on banks and included some innovations. Some of them are the protection of consumers of financial services and improved access to credit. Based on daily activities and Burundi integration into the East African community, the Central Bank decided to review some (...)