Economy

All processed products must meet quality control standards, says BBN official
04-20-2017
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Flour, maize, fruits, sunflower oil, banana wine, juice, rice, coffee… are some of the agricultural products exhibited in a three-day trade fair being held in the capital Bujumbura on the occasion of the week of the agro-food promotion. Some of the products are yet to be certified by Burundi (...)

COMESA launch of monetary union postponed to 2030
03-30-2017
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Based on the assessments by the Common Market for Eastern and Southern Africa (COMESA) monetary institute, the launch of monetary union that was expected by January 2018 has been postponed to 2030. The date set by the COMESA Summit of Heads of State, which proposes to establish the Monetary (...)

Bujumbura residents complain about fuel shortage
03-29-2017
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Since 28 March, there are long queues of vehicles waiting for fuel at different gas stations in the capital Bujumbura. The residents fear that the situation may get worse. The Ministry of Energy and Mines reassures them, however. “I have been looking for fuel since 5a.m. but in vain. (...)

Burundi food industry needs to be supported
03-23-2017
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Development Action and Regional Integration-ADIR Burundi has organized this 23 March a meeting with all stakeholders in the development of the agro-business. The climate and trade aspects of food security in Burundi as well as the promotion of food industry were the main focus in the meeting. Nicolas Mazina (...)

Burundi receives US $ 25 million to improve food security
03-16-2017
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The International Development Association (IDA) through the World Bank has provided additional funding of US $ 25 million to Burundi. On 16 March, the Burundi National Assembly has adopted the release of that funding which will be used in the implementation of the Productivity and Agricultural Markets Development Project (...)

Burundi Consumer rights “not fully respected”, says ABUCO
03-15-2017
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While the world celebrates the Consumer Rights Day this 15 March, the Burundian association of consumers (ABUCO) says its members don’t actually enjoy their rights. “How on earth could we say that consumer rights are respected when some measures are imposed without our consent?” says a consumer from the (...)

OBR determined to expand tax collection
03-07-2017
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Burundi Revenue Authority (OBR) in collaboration with the Ministry of Home Affairs has organized this 7 March, a closing sensitization campaign on tax collection. Decentralization and tax reduction were the main concerns of taxpayers. “We don’t know how the rent tax will be levied in addition to different taxes (...)

Fuel shortage in Bujumbura city
03-07-2017
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Bujumbura residents say fuel is increasingly becoming scarce in the capital city. They fear that the situation may get worse. Some service stations were not distributing fuel yesterday. “For over two weeks, we have no fuel. I do not know what has happened, “said one“KOBIL” gas station attendant” at (...)

Government to remove taxes on some imported staple foods
03-03-2017
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Due to the deterioration of food security and the rise in prices of some staple foods, the government plans to remove all taxes on certain imported products. “The tax and customs duty exemption on basic products should cover customs duties, administrative charges and value added tax”, says Philippe Nzobonariba, (...)

Mobile banking service providers decry new regulations susceptible of service fees increase
03-02-2017
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The new regulations require telephone operators to make their mobile banking services independent societies. Clients and providers of the services are worried about potential increase of prices. Providers of mobile banking and money transfer services decry new regulations by the central bank of Burundi that might make the services (...)