Economy

Foreign currency prices collapse on black market
10-31-2017
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There has been a significant decrease in exchange rate of foreign currencies like the US dollar and Euro since Monday 30 October. People wonder if this is to last longer. In different foreign currency exchange offices operating in Bujumbura where Iwacu passed last Monday, a fall in prices of (...)

Traders demand to resume activities in newly rehabilitated markets.
10-16-2017
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Six former markets were recently rehabilitated and a new one was constructed in Bujumbura. Traders have not yet returned to those markets though they were inaugurated two months ago. As it will rain soon, traders want to restart their activities in those markets. They display their goods under a (...)

Fuel shortage persists in Bujumbura despite government’s reassurance
10-12-2017
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Since late September, a fuel shortage is observed in Bujumbura city. The government has promised to find a solution since the beginning of October but to no avail. Very few gas stations seem to rotate in giving fuel causing long queues of vehicles waiting to be served. Among ten (...)

Economic growth in Sub-Saharan Africa recovering at modest pace, say World Bank Experts
10-12-2017
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The bi-annual analysis of the African economy conducted by the World Bank shows the economic growth in Sub-Saharan Africa is recovering at a modest pace and is projected to pick up to 2.4% in 2017 from 1.3% in 2016. According to the 16th edition of the Africa’s Pulse, there (...)

Disabled people claim accessibility to public buildings in Burundi
10-09-2017
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Following the inaccessibility to health buildings and lack of information related to the health and reproduction domain, people living with disabilities say they face several challenges regarding the access to appropriate treatment. Adelaide Nyigina, chairwoman of the Union of People living with Disabilities in Burundi (U.P.H.B), says some buildings (...)

Activists demand National Assembly to urge government to submit budget bill
10-04-2017
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In its opening session of this 2 October 2017, the National Assembly should start debating over the budget bill for 2018.The latter was not however submitted by the government. Activists appeal to the National Assembly to play its role. Burundian activists demand members of parliament to play their role (...)

Fuel Shortage: Users complain and government reassures
10-04-2017
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Since last week, gasoline shortage is observed in Bujumbura town. Public transport drivers complain. The Ministry of Energy and Mines reassures gasoline will be available any day. Once one approaches Kigobe City Oil station, all they can see are long queues of motorcycles, small vehicles of public transport, tricycles (...)

Business opportunities between Burundi and Tanzania to be increased
10-03-2017
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A business forum between Tanzanian and Burundi was held on 30 September 2017, to discuss a number of factors that can help to increase trade between the two countries. Burundi and Tanzania aim to improve trade opportunities between them. After a trade fair that was organized as a follow (...)

Lack of energy and foreign currencies limits exportation in Burundi
09-28-2017
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Investment Promotion Agency (API) calls on economic operators to promote the export of Burundi products. Exporters say the lack of foreign currencies and electricity are a big challenge to exportation. “Burundi’s trade balance has deteriorated from $ 366 million in 2007 to a worse situation of less than $ (...)

Foreign currency prices increase in Burundi
09-27-2017
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Foreign currencies continue to rise in price on the black market. Small importers say the lack of the former hampers their commercial activities. “Foreign currencies are increasingly becoming scarce and their price is constantly climbing as a consequence,” says Christophe Niyongabo, a shoe salesman. Today, a US dollar is (...)