Economy

Transportation buses forbidden to cross Burundi- Rwanda border
08-05-2016
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This measure was implemented on 4 August by the police. PAFE (Migration police) agents prevented all public transportation buses going to or from Rwanda from crossing the border. Sources from Kanyaru border post revealed that travelers who left Bujumbura before 10 am were able to continue their trip but (...)

“Good to celebrate, but identify challenges first!”
08-05-2016
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On the eve of the celebration of the national day of communes on 6 August, the local NGO–PARCEM organized this 3 August a press briefing to give some solutions to different challenges observed in communes. “A commune is the showcase for the development achievements. However, some challenges are still (...)

Agriculture / Many opportunities, less involvement
08-03-2016
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The Burundi federal chamber of commerce and industry-CFCIB has organized a “President coffee” networking in order to promote agribusiness and attract economic operators, on 1 August in Bujumbura City Council. “How much should we spend to increase the agricultural production? It is possible to see all Burundians having enough (...)

Burundi bans food exportation, farmers and traders pay the price
08-02-2016
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Burundi has prohibited basic food exportation. Small traders and farmers lose their only means of existence. Burundi government has declared a ban on the exportation of basic foodstuffs. In a statement issued on Friday 29 July, the government spokesman Philippe Nzobonariba justified the prohibition by an anticipation of an (...)

Rules against oil speculation hamper fishing in Lake Tanganyika
07-29-2016
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Oil price increase is affecting fishing which is already less productive due to fish catches decline. The scarcity has compelled authorities to restrict oil procurement by fishermen to curb speculation. The constraints are nonetheless ineffective and worsen the fishing conditions. The cut in fuel supply is seriously detrimental to (...)

The job creation rate does not cover the unemployment rate
07-28-2016
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The 2016 biannual report by the Investment Promotion Agency (API) reported that more than 11,000 companies were registered during that period. Over 11000 jobs were also created during the last six months. Didace Ngendakumana , the API director says he is satisfied with those figures which are higher than (...)

Discontent among motorcyclists
07-27-2016
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Special badges for paid transportation motorcycles and complete documents are some requirements of Muyinga province officials since last week. Drivers stand against that measure and claim for its suspension. The ultimatum expired on 17 July. All motorbikes allocated in the paid transport of people in Muyinga north-eastern province ought (...)

Burundi Central Bank wants to ensure the stabilization of the national currency
07-21-2016
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In a meeting organized this 20th by the Burundi Central Bank (BRB) with operators, managers or owners of exchange offices, Jean Ciza, the BRB governor states that the non-compliance with money-exchange regulations is the main cause of depreciation of the domestic currency. He recognizes that the situation is bleak (...)

OBR overpasses its provisional target revenue
01-26-2015
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According to the fourth quarterly report from October to December 2014, the Burundi Revenue Authority has collected BIF 191.3 billion, which exceeds the forecasted 176.7 billion and the BIF 138.1 billion collected in 2013. Many reasons explain the success.-By Diane Uwimana “We can confirm that the results of the (...)

Businesses suffer from the loss of the Central Market of Bujumbura
01-22-2015
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After the Central Market of Bujumbura burning, businesses are moving to other parts of the city. Before the central market burning, this type of business was not common in the city districts.-By Yves Didier Irakoze At Bwiza, one of the urban districts in central Bujumbura,there is a shop retailingwomen’s (...)