Economy
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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 (...)
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$ 270 million to construct Jiji-Mulembwe hydropower station

09-24-2019 Jean Christophe Carret, Director of Operations for the World Bank in Burundi says the Jiji-Mulembwe hydropower dam will produce 49, 5 MW. “It will significantly improve the electricity access rate and at least half of the population in Burundi will benefit from the project,” he says at the official (...)
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“Central corridor Dar-es-Salaam-Kigoma-Bujumbura is cheaper, faster and less risky”

09-19-2019 The Association of International Transport Operators in Burundi (ATIB) encourages Burundi economic operators to use the central corridor connecting Dar-es-Salaam and Kigoma by rail and Kigoma to Bujumbura by waterway through Lake Tanganyika. Eric Ntangaro, ATIB executive secretary says this lake route is faster, cheaper and less risky compared (...)
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Burundi Central Bank doubles minimum capital to establish foreign exchange bureaux

09-18-2019 “The minimum capital to establish a foreign exchange bureau has been raised to strengthen the equity,” said Jean Ciza, Governor of Burundi Central Bank (BRB) yesterday at a press briefing. The starting capital rises from BIF 50 million to 100 million. He has granted to traders one year to (...)
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Illegal salt still sold at markets in Bujumbura city

09-18-2019 Despite having been banned by the Ministry of Trade, some kinds of salt namely “Chumvi Mawe” and “Chumvi safi” are still sold by some traders at Bujumbura City Market and Cotebu market located in the north of Bujumbura. At Cotebu market, some traders say they no longer get Chumvi (...)
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Lack of information as major challenge of COMESA integration

09-11-2019 The Kenyan capital hosted from 9 to 10 September the 6th Regional Sensitization Workshop for Business Reporters on Competition Law and Trade Development within the Common Market of Eastern and Southern Africa (COMESA). “The purpose of the competitive law is enhancing the welfare of the general community by reducing (...)
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World Bank to only support trade facilitation in Great Lakes Region

09-10-2019 Out of seven projects submitted by the Burundian government to the World Bank, only one project related to trade facilitation in the Great Lakes Region will be supported. . According to the World Bank Burundi, the cancelation of other projects doesn’t concern the Burundian government only. “About 25 projects (...)