Economy

Government accuses Interbank Burundi of conducting illegal transactions
07-11-2019
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At a court hearing in Mukaza high court on July 10th, the lawyer of the Burundi government has accused Interbank of conducting illegal and clandestine transactions of foreign currency from Burundi to DRC. The case was taken to court after two DRC citizens were caught with $ 1.5 million (...)

Bujumbura residents worried about fuel shortage
07-10-2019
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The residents of Bujumbura city have been facing a fuel shortage since the past three days. Several fuel stations are closed while others dispense fuel for only a few hours a day. Vehicles form endless queues to be supplied with fuel. Taxi men and bus drivers complain that this (...)

Rugombo cattle farmers in distress
06-11-2019
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At least 40 cows were stolen in the past two months. Breeders who already live in constant fear of being stolen deplore the inaction of the administration and security forces. They promise to take drastic actions against the thieves. “We always sleep with fear. Our cows are constantly stolen,” (...)

New public transport buses to be soon available in Bujumbura City
05-24-2019
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In session of oral questions held in the National Assembly this May 23, the Ministry of Transport has said it has already signed agreements with some companies that want to import buses which will be used in public transport in Bujumbura City. Jean Bosco Ntunzwenimana has told MPs that (...)

Shortage of some BRARUDI products in Bujumbura
05-22-2019
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Some drinks manufactured by Burundi brewery company (BRARUDI) are not available on the market. The store owners of BRARUDI products located in Nyakabiga zone in Bujumbura city have not distributed some drinks such as Amstel Royal, Amstel Beer 65cl as well as Amstel Bock for two weeks. These very (...)

High interest rate charged by banks hampers Burundi economic development, expert says
04-25-2019
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“The interest rate applied by Burundian commercial banks is considered high and this may lead to the risk of default on the loan,” said Dr. Janvier Désiré Nkurunziza, an economic expert in a debate conference organized on April 24 by the Association of Banks and Financial Institutions [ABEF]. He (...)

Cibitoke residents worried about soaring of food prices
04-11-2019
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Food prices have significantly risen in recent days in Rugombo commune of Cibitoke province in north-west of Burundi. The population urges the authorities to stabilize prices. One kg of beans which was bought at BIF 1400 currently costs BIF 2000. A kg of rice that cost BIF 1300 costs (...)

Ngozi cattle breeders concerned over ban on sale of granted cows
04-03-2019
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Some cattle breeders from Gashikanwa commune in Ngozi province, in the north of the country are complaining because they are not allowed to sell the cows given by the Development Sector Program- Prodefi. They said they ignored the reason why Prodefi and the local administration prevent them from selling (...)

Juices made from ginger on market not certified, BBN reveals
03-26-2019
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Some owners of food processing companies accuse the Bureau of Standards and Quality Control (BBN) of hurting their business by refusing to certify their processed products so that they should be put on the market. BBN communication officer says that juice locally manufactured from ginger is not certified. “BBN (...)

About 20 fishing boat engines stolen since beginning of 2019
03-20-2019
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Fishermen worry about the theft resurgence of fishing boat engines in Lake Tanganyika. Armed robbery is reported in Rumonge Province, in the south of Burundi. “About 20 engines have been stolen since the beginning of 2019 in Rumonge and Nyanza Lake communes of Rumonge and Makamba provinces respectively,” says (...)