Bank

Education

High number of Burundian children don’t master reading, says PAADESCO coordinator

10-18-2019 In the context of the celebration of the International Day for the Eradication of Poverty this October 17th, the PAADESCO project coordinator has said 42% of children under ten are not good at reading both in Kirundi and foreign languages. Béatrice Samandari, National Coordinator of the project aiming to (...)
Society

Burundian rural women confronted with several problems

10-16-2019 In the framework of the celebration of the International Day of Rural Women, Burundian women living in Muyira locality in Kanyosha municipality of Bujumbura province say poverty in households and lack of capital to run their own businesses are among the many problems they are faced with in their (...)
Environment

Burundi government committed to revitalizing coffee sector

10-16-2019 Déo Guide Rurema, Minister of Environment, Agriculture and Livestock has said experts from the government and the World Bank have conducted an audit and discovered that stakeholders in the coffee sector didn’t work in transparency. “There were serious problems related to the good management and repatriation of foreign currencies (...)
Economy

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 (...)
Education

Education Ministry deplores discrepancies in trainees’ lists

10-03-2019 At a press briefing held on this October 2nd, Edouard Juma, Spokesman for the Ministry of Education, Technical and Vocational Training has said there have been discrepancies in the lists of the basic school teachers of the first year class who attended the trainings from August 26 to September (...)
Economy

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 (...)
Economy

$ 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 (...)
Society

World Bank gives $30 million to fund Burundi Nkuriza project

09-20-2019 While signing a funding agreement with the Ministry of Finances, Budget and Economic Development this September 19th, the Operation Director of World Bank for Burundi has said $30 million will fund the project “Childhood and demographic control” called Nkuriza in Burundi. “This fund expresses the will of the World (...)
Economy

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 (...)
Economy

Burundi Central Bank advises Burundian people against using virtual money

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 (...)