Economy

Energy ministry to decrease power cut by increasing electricity price
08-01-2017
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This Monday 31 July, the Minister of Energy and Mining, Côme Manirakiza, presented an assessment of the ministry’s achievements for the first semester of the on-going year. He has promised that electricity will be available soon but says prices will have to increase. “REGIDESO, a company in charge of (...)

ECCAS takes off for peace, prosperity and solidarity
07-13-2017
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The Economic Community of Central African States (ECCAS) have adopted a mid-term strategic plan (2016-2020) that aims at the development of the community on priority themes of peace, infrastructures and energy which have been identified as the main challenges for integration. The delegate of the Secretary General says the (...)

“Decreased agricultural productivity causes low growth in Burundi”, UNECA report reveals
07-13-2017
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Growth in Burundi is low, due to the low productivity of the subsistence agriculture on which the majority of the population depends, reveals the analysis presented on 13 July in Bujumbura by the United Nations Economic Commission for Africa (UNECA). On the occasion of the publication of the Burundi (...)

Traders of ‘Grenier du Burundi’ market relocated to COTEBU market
07-05-2017
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The Bujumbura Mayor’s decision to relocate traders of ‘Grenier du Burundi’ market in Bujumbura city center to ‘COTEBU’ market in Ngagara zone has been implemented since this morning. Some traders say their goods are still locked up in the former market. Since the morning of Wednesday 5 July, the (...)

North station for public transit vehicles relocated from Kamenge to Ngagara II
07-04-2017
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Since Monday morning, Bujumbura authorities in collaboration with the police have relocated the north station for public transit vehicles. Bujumbura City Mayor says the decision was taken to prevent road accidents and promote economic activities at the newly built market commonly called COTEBU. At 7 AM, at the market (...)

Tax exemption: Godsend for traders
06-26-2017
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Maize seeds, maize flour, manioc, cassava flour, rice and beans have been exempted from customs duties since 15 May. Burundian Association of Consumers (ABUCO) denounces that only importers benefit from this tax exemption. “Consumers have not yet benefited from the tax exemption of imported food”, says Noël Nkurunziza, ABUCO (...)

Burundi risks being deeply in debt
06-21-2017
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Since 2014, public national debt is increasing. Today it exceeds BIF 1.200 billions. Parcem, a local NGO aiming at changing people’s mentality is worried about the way the debt is increasing. “The accumulation of this national debt currently represents more than BIF 1.200 billions” said Faustin Ndikumana, Executive Secretary (...)

Increase in rent causes Bujumbura City Market traders to close shops
06-20-2017
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Traders of about 30 shops at the Bujumbura City Market –BCM have suspended their daily activities due to the increase in rent, this morning 20 June. The market’s management accuses them of illegally occupying its empty spaces. “We don’t understand why we should pay additional rent”, says angrily a (...)

Sugar import has produced its effects
06-19-2017
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Sugar price has gone down since the start of June. This decrease is due to the import of 7.000 tons of sugar and the increase of SOSUMO supply to the market. ”Now I am allowed to buy any quantity of sugar that I need without any condition”, says gladly (...)

Foreign currency transfer: Regional banks benefit
06-16-2017
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NGOs have been obliged to open their foreign currency accounts at the Burundi Central Bank (BRB) since last April. Some of them and individuals receive transfer of funds via Rwandan and Congolese banks. “Following the decision of the bank of the Republic of Burundi, we created an account at (...)