Economy

Burundi’s economic future
10-08-2014
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Teachers and students of different universities recently discussed the World Bank report on Burundi’s economic situation. They suggested ideas to improve the economic outlook of the country.-J.Berchmans Siboniyo The World Bank suggests that increasing export and developing the mining sector can be useful toolsfor Burundi’s economic growth. During a (...)

Burundi Revenue Authority nearly achieved its monthly target
10-06-2014
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According to a press release published on 3 October 2014, the provisional revenue collection results for September shows that the Burundi Revenue Authority (OBR) didn’t achieve the corresponding target of BIF 66.61 bn.-By Diane Uwimana “OBR has collected 65.86bn , meaning that the results are 1.12% below target,” says (...)

Illegal pig breeding in Bujumbura City
10-04-2014
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Despite the law that prohibits the breeding of domestic animals in Bujumbura City, it still occurs.-By Lorraine Josiane Manishatse In 2006, the Bujumbura City Council adopted a law prohibiting the breeding of domestic animals in Bujumbura City. Since then, a lot of people who practiced livestock breeding were obliged to (...)

Burundi still among the poorest countries in 2025
10-03-2014
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The World Bank launched itsfirst report on the economic and financial situation in Burundi, on 16 September 2014. Burundi’s economic growth is 5%; if it keeps this pace Burundi will remain among the poorest countries in the world.-By J.Berchmans Siboniyo In the report titled ‘Aid for Trade: regional integration (...)

Flydubai starts direct flights to Bujumbura
10-02-2014
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The inaugural flight of Flydubai to Bujumbura, was welcomed last Tuesday by traditional drummers and dancers.-Yves Didier Irakoze There will be two direct flights a week on Tuesday and Friday. A round- trip ticket Bujumbura-Dubai is currently $399 for economy class and $1100 for business class. Salau, Commercial Director (...)

Ruhwa: thermal waters now generate revenue
10-02-2014
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The thermal waters located in Rugombo Commune, Cibitoke Province, didn’t generate any revenue for the administration. Thanks to recent community work, the site is now clean and generates income.-By Diane Uwimana Foreign visitors pay an amount of BIF 2000, local people pay 1000 and children 500 francs to enter (...)

Strike at Global Port is over
09-29-2014
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After negotiations between the administration of the Global Port and the syndicate of workers, the latter unanimously consented to resume their work on Thursday morning.-By J.Berchmans Siboniyo Negotiations took place in the Ombudsman’s office and lasted about one hour. Journalists were not allowed to follow the process. Eric Ngendahayo, (...)

Strike at the Global Port
09-25-2014
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Workers of the Global Port in Bujumbura are on strike since Monday September 22. They call on the Ombudsman to negotiate with the Global Port direction.-By J.Berchmans Siboniyo “It all began on February 7th, 2014 when we learned of a plan of firing 85 workers from SYTRACO, a syndicate (...)

New regional hydroelectric power station at Rusumo Falls
09-19-2014
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The Ministers of Energy from Burundi, Rwanda and Tanzania held a meeting in Bujumbura on 10th September to discuss the implementation of the hydroelectric power development project. The Project of building a modern hydroelectric power plant, that will generate 8 megawatt for the three countries, will start in 2015. (...)

“Fishing baby fish “Umugara” prevents fish multiplication in Lake Tanganyika”
09-12-2014
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Despite the ban on fishing baby fish commonly called “Umugara”, they are sold in some Bujumbura markets and by street sellers. An Interview with: Nzeyimana Léonie, the Director of Fish and Fisheries in the Ministry of Environment.–By Lorraine Josiane Manishatse Despite the ban on fishing baby fish “Umugara”, they (...)