Economy
' Déo Guide Rurema, Minister of Agriculture and Livestock “This project aims to improve the productivity of smallholders and their access to the market.”

Burundi receives US $ 25 million to improve food security

03-16-2017 The International Development Association (IDA) through the World Bank has provided additional funding of US $ 25 million to Burundi. On 16 March, the Burundi National Assembly has adopted the release of that funding which will be used in the implementation of the Productivity and Agricultural Markets Development Project (...)
' Consumers of the capital Bujumbura say their rights are not respected.

Burundi Consumer rights “not fully respected”, says ABUCO

03-15-2017 While the world celebrates the Consumer Rights Day this 15 March, the Burundian association of consumers (ABUCO) says its members don’t actually enjoy their rights. “How on earth could we say that consumer rights are respected when some measures are imposed without our consent?” says a consumer from the (...)
' Léonard Sentore, OBR Commissioner General: “We opened two offices in the country and plan to open more others and expand the collection of taxes”

OBR determined to expand tax collection

03-07-2017 Burundi Revenue Authority (OBR) in collaboration with the Ministry of Home Affairs has organized this 7 March, a closing sensitization campaign on tax collection. Decentralization and tax reduction were the main concerns of taxpayers. “We don’t know how the rent tax will be levied in addition to different taxes (...)
' KOBIL station of Kamenge was not providing fuel

Fuel shortage in Bujumbura city

03-07-2017 Bujumbura residents say fuel is increasingly becoming scarce in the capital city. They fear that the situation may get worse. Some service stations were not distributing fuel yesterday. “For over two weeks, we have no fuel. I do not know what has happened, “said one“KOBIL” gas station attendant” at (...)
' Some imported staple food will be exempted from taxes

Government to remove taxes on some imported staple foods

03-03-2017 Due to the deterioration of food security and the rise in prices of some staple foods, the government plans to remove all taxes on certain imported products. “The tax and customs duty exemption on basic products should cover customs duties, administrative charges and value added tax”, says Philippe Nzobonariba, (...)
' Eco Cash is a mobile financial transaction service offered by the telephone operator Econet-Leo

Mobile banking service providers decry new regulations susceptible of service fees increase

03-02-2017 The new regulations require telephone operators to make their mobile banking services independent societies. Clients and providers of the services are worried about potential increase of prices. Providers of mobile banking and money transfer services decry new regulations by the central bank of Burundi that might make the services (...)
' Bundles of worn-out BIF 100 banknotes and piles of coins of BIF 50

A currency that converts into itself

02-07-2017 Small money has become so rare. Assistants to drivers of public transport are the first to be affected by the phenomenon. “Get in only if you have small money”, that’s a repeated warning -annoying to some- that bus passengers around Bujumbura city always hear from turnboys. Ignoring the warning (...)
' gaston  sindi

Bank to support youth projects, says Burundi Vice-President

02-04-2017 The Burundian government intends to set up an investment bank for the youth, the First Burundi Vice-President told journalists. In an attempt to promote development and to avert Burundi’s looming youth crisis, President Nkurunziza has announced plans to set up an investment bank that will provide loans to young (...)
' Laurent Nkurikiye, chairman of COWASA, “we intend to meet the BRB authorities to discuss the exchange rate from US$ to Burundi Francs”

Burundi exporters forced to open foreign currency accounts to boost government’s foreign exchange

01-27-2017 The Governor of the Central Bank of Burundi announced on 24 January the repatriation of the foreign currencies resulting from the export of coffee, tea and mineral products. Exporters are concerned about the exchange rate from US$ to Burundi Francs given by the Central Bank. “Exporters will have to (...)
' Roger Guy Gyslain Ntwengeye, Head of Financial Stability Service in Central Bank: "The non-payment rate in BRB is 23 %"

Non-payment by mortgagors and currency scarcity threaten Burundi financial stability

01-26-2017 On Wednesday 25 January 2017, Roger Guy Gyslain Ntwengeye, Head of the financial Stability Service in Burundi Central Bank-BRB, has presented a report about the financial situation of the country from 2015 to date. The report mentions different threats to financial stability, mainly the non-payment by mortgagors and lack (...)