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 (...)

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 (...)

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 (...)

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 (...)

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 (...)

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 (...)

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 (...)

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 (...)

09-05-2019 ■ Bujumbura faces the shortage of cement made by Burundi Cement Company. Consumers say they don’t know the reason behind the scarcity of this product. In the afternoon of September 4th, no shop in the neighborhood commonly called ‘Quartier Asiatique’ was selling ‘BUCECO cement 32.5R. Traders did not want to (...)

09-04-2019 ■ “The central bank has been alerted to the exercise of investment and market in virtual currency that is not regulated by any public authority,” said Alphonse Nyobewumusi, Head of the service in charge of microfinance at Burundi Central Bank in a press briefing held on September 3. He explains (...)