08-09-2019 ■ In a press briefing held on August 8th, the Network of Microfinance Institutions in Burundi-RIM has said a high number of people still don’t have accounts in microfinance institutions and banks in Burundi. “Over 70 % of Burundians do not have accounts in banks or microfinance institutions,” says Bernard (...)

07-19-2019 ■ Earth fissures continue to destroy houses at Kuwinterekwa locality in Gihosha zone of Ntahangwa commune in the northern part of Bujumbura city. Residents demand urgent help. In the locality commonly known as Kuwinterekwa, people live in a desperate situation. Some houses have already been destroyed and others are likely (...)

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 (...)

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 (...)

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 (...)

04-14-2019 ■ Four people from Gitega commune in Gitega central province have been reported missing since 18 March. One had been found but was arrested by the police and went missing again the next day. Reporting. It had just rained on the hillside of Mirama in Mubuga area of Gitega commune (...)

04-09-2019 ■ After the Burundian national football team were qualified for the African Cup of Nations (AFCON) finals, RévérienNdikuriyo, chairman of the Burundian Football Federation (FFB) calls for financial support to the national team. “We call on all Burundians to support their team. We have already opened a bank account on (...)

04-09-2019 ■ During the last cabinet meeting, participants analyzed and approved a draft bill on the state budget for 2019-2020 fiscal-year which moved from BIF 1,400.7 billion to BIF 1,500 billion. OLUCOME, however, denounces the decision. Gabriel Rufyiri, chairman of OLUCOME -a corruption watchdog says the government measures don’t match the (...)

04-05-2019 ■ About 49,165 vulnerable households identified in 16 communes from four provinces-Gitega, Ruyigi, Karusi and Kirundo have been registered to receive BIF 40 thousand per two months to improve their living conditions since July 2017. They are supported by “Merankabandi” project financed by the World Bank with a budget of (...)

02-08-2019 ■ Some inhabitants of Gasenyi area have staged a sit-in before the chief of Gasenyi area’s house this February 7, 2019. They ask him to be actively involved in their claim for compensation. A woman aged 30 living in Gasenyi area says there are houses which were being built but (...)