Economy

Tensions among traders at Kinama rehabilitated market

02-15-2018 Cries, insults, frustration …are what characterized the morning atmosphere of traders at Kinama newly rehabilitated market in the capital Bujumbura this 14 February. Since the six rehabilitated markets were reopened to traders, those from Kinama neighbourhood were allowed to get into the market by 13 February. Traders surprisingly discovered (...)

PARCEM calls for strong leadership

02-09-2018 Burundi authorities have to strengthen leadership so as to promote economic growth of the country. “Six development indicators-strong leadership included- must be put together to make possible the economic growth of the country. Authorities have to strengthen leadership and encourage inclusiveness for the development of the country,” says Faustin (...)

Increase in Primus beer price to affect other products, says ABUCO chairman

02-02-2018 The price of Primus beer (72 Cl) has moved from BIF 1400 to 1500 per bottle from 1 February. The prices of other beverages of Brarudi (Burundi Brewery Company) remain unchanged. Daniel Henri, Financial Director at Brarudi says that despite the increase in the price of electricity observed since (...)

Five janitors fired by Lumitel speak of unfair dismissal

02-02-2018 Lumitel telephone company has dismissed this 1 February five janitors who have been working at the headquarters of this company for over three years. Victims say they were illegally dismissed. They ask to be given their due. “Today, I have gone to work as usual. When I arrived at (...)

Good governance activist calls for transparency in mineral exploitation

01-26-2018 Burundi is one of the countries rich in mineral resources. The government has signed contracts with some companies that are going to extract these minerals. PARCEM, a local NGO advocating good governance, worries that the exploitation of these minerals has not created a value-added benefit for the entire population (...)

Quantity of requested electricity not consumed, says REGIDESO

01-24-2018 ” Today, the Burundian company in charge of supplying water and electricity (REGIDESO) supplies enough electricity but customers do not consume the required quantity,” said Jéroboam Nzikobanyanka, Director General of REGIDESO during a meeting with industrials this Tuesday, January 23. The latter constitute the largest energy consumers in Burundi. (...)

Bujumbura: Small denomination banknotes to provoke quarrel between bus drivers and passengers

01-23-2018 Following the rise in fuel prices at gas stations, bus fare in Bujumbura town and in the countryside has increased. The price of transport in Bujumbura neighbourhoods has increased from BIF 350 to BIF 380. The lack of BIF 10 and 20 bills causes problems. Drivers met in town (...)

Burundi government raises fuel price

01-20-2018 “The price of fuel has gone up, the price of 1 liter of gasoline and diesel at gas station will cost BIF 2250, has declared this Friday 19 January, Léonidas Sindayigaya, Spokesman for the Ministry of the Energy and Mines. Before this decision was taken to increase the fuel (...)

“Fuel will be available within three days”, says Ministry of Energy

01-18-2018 Since last Thursday 11January, many of the gas stations in Bujumbura town are not providing fuel. Long queues of vehicles are seen at the few gas stations that have fuel. Léonidas Sindayigaya, Spokesperson for the Ministry of Energy and Mines reassures: “Fuel will be available within three days.” Sindayigaya (...)

Bujumbura: Fuel shortage back with 2018

01-12-2018 Fuel shortage is observed in Bujumbura city since Thursday. Only some gas stations in Bujumbura town are giving fuel. This lack causes long queues of vehicles waiting to be served on the stations where there is fuel. At the gas station where Iwacu passed this Friday 12 January 2018, (...)