Economy
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Mukaza High Court to reopen hearing over Interbank Burundi case

07-18-2019 In a verdict announced on July 15th, Mukaza High Court has decided to reopen the hearing about the case opposing the Government of Burundi and Interbank Burundi-IBB on “illegal” foreign currency transactions between the latter and Trust Merchant Bank-TMB. According to Mukaza High Court, Trust Merchant Bank (TMB), a (...)
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ABUCO against decision by Muyinga province governor

07-12-2019 The Burundian Association of Consumers-ABUCO says the decision by the Governor of Muyinga province to suspend the transportation of beans to other provinces violates the free movement of people and things. “The decision is opposed to the free movement of people and goods as one of the advantages offered (...)
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Government accuses Interbank Burundi of conducting illegal transactions

07-11-2019 At a court hearing in Mukaza high court on July 10th, the lawyer of the Burundi government has accused Interbank of conducting illegal and clandestine transactions of foreign currency from Burundi to DRC. The case was taken to court after two DRC citizens were caught with $ 1.5 million (...)
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Bujumbura residents worried about fuel shortage

07-10-2019 The residents of Bujumbura city have been facing a fuel shortage since the past three days. Several fuel stations are closed while others dispense fuel for only a few hours a day. Vehicles form endless queues to be supplied with fuel. Taxi men and bus drivers complain that this (...)
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Rugombo cattle farmers in distress

06-11-2019 At least 40 cows were stolen in the past two months. Breeders who already live in constant fear of being stolen deplore the inaction of the administration and security forces. They promise to take drastic actions against the thieves. “We always sleep with fear. Our cows are constantly stolen,” (...)
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New public transport buses to be soon available in Bujumbura City

05-24-2019 In session of oral questions held in the National Assembly this May 23, the Ministry of Transport has said it has already signed agreements with some companies that want to import buses which will be used in public transport in Bujumbura City. Jean Bosco Ntunzwenimana has told MPs that (...)
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Shortage of some BRARUDI products in Bujumbura

05-22-2019 Some drinks manufactured by Burundi brewery company (BRARUDI) are not available on the market. The store owners of BRARUDI products located in Nyakabiga zone in Bujumbura city have not distributed some drinks such as Amstel Royal, Amstel Beer 65cl as well as Amstel Bock for two weeks. These very (...)
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High interest rate charged by banks hampers Burundi economic development, expert says

04-25-2019 “The interest rate applied by Burundian commercial banks is considered high and this may lead to the risk of default on the loan,” said Dr. Janvier Désiré Nkurunziza, an economic expert in a debate conference organized on April 24 by the Association of Banks and Financial Institutions [ABEF]. He (...)
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Cibitoke residents worried about soaring of food prices

04-11-2019 Food prices have significantly risen in recent days in Rugombo commune of Cibitoke province in north-west of Burundi. The population urges the authorities to stabilize prices. One kg of beans which was bought at BIF 1400 currently costs BIF 2000. A kg of rice that cost BIF 1300 costs (...)
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Ngozi cattle breeders concerned over ban on sale of granted cows

04-03-2019 Some cattle breeders from Gashikanwa commune in Ngozi province, in the north of the country are complaining because they are not allowed to sell the cows given by the Development Sector Program- Prodefi. They said they ignored the reason why Prodefi and the local administration prevent them from selling (...)