Bank
Society

Burundian youth complain about lack of support
08-14-2018
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While the International Youth Day is observed every year on 12 August to draw attention to youth issues worldwide, Burundian youth complain about the lack of support from their elders. “It is getting more and more difficult to find a job. After the academic journey, I became jobless for (...)
Economy

Burundi: Coffee harvest campaign to be run until August 5
07-27-2018
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Déo Guide Rurema, Minister of Environment, Agriculture and Livestock says cherry coffee is still observed on coffee trees. He says the pulping and washing stations should continue to receive cherry coffee until August 5.”As it will not be of good quality, it will be bought at the price of (...)
Governance

Burundi: PARCEM accuses government members of illicit enrichment
07-26-2018
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At a press conference held this July 25, the chairman of PARCEM accuses some members of Burundi government of illegally accumulating wealth. Faustin Ndikumana, chairman of PARCEM, a local NGO involved in changing people’s mindset, says government members ignore legal texts that oblige them to display their wealth at (...)
Economy

World Bank to support government project to boost Burundian economy
06-22-2018
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USD 50 million is the amount that the World Bank has given to Burundi government to support the “Local Development Project for Employment-PDLE”. This money will be used in different sectors of the country’s life to boost its economy. Nestor Koffi, Country Manager for the World Bank Group in (...)
Economy

Burundi: US Currency has increased
05-23-2018
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On 22 May, the US currency is bought at BIF 2530 and sold at BIF 2550. The situation is similar in five exchange offices in the capital Bujumbura where Iwacu visited. Forex traders say setting the price of the US currency depends on supply and demand. Two weeks ago, (...)
Environment

Over 32 houses destroyed and 6 others flooded in Carama
04-24-2018
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People from Carama quarter in the northern part of the capital Bujumbura feel total despair after a night of torrential rain and flooding that caused a lot of damage on Sunday April 22. “At around 4 a.m in the night, I heard my children screaming. I rushed to their (...)
Economy

Burundi to become member of AFREXIM-Bank soon
04-13-2018
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The National Assembly has analyzed and adopted a bill for Burundi to join the African Bank of Export-Import-AFREXIM-Bank. Domitien Ndihokubwayo, Finance Minister who presented the bill at the National Assembly says the bank will be of paramount importance for the country. “Economic operators will have facilities related to the (...)
Environment

325 tons of rare earth concentrates exported in six months
04-10-2018
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Rainbow Mining Burundi (RMB) has reached 25% of its objectives in 6 months of operation. According to the Director General of RMB, the fact of transferring the payment of exported products to the account of Burundi Central Bank and the lack of experienced personnel are the major challenges that (...)
Economy

Banking law professionals from 12 African countries meet in Burundi
04-04-2018
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Burundi is hosting the 16th annual meeting of the African Association of Lawyers of Banking and Financial Institutions (AJBEF) since 3 April. For 3 days, banking law professionals representing 12 African countries will be discussing the challenges that the sector is faced with, said Clément Nduwimana, the chairman of (...)
Health

World Bank to compensate breeders of small ruminants
01-30-2018
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An epidemic has recently ravaged goats in Gitega, Mwaro and Kirundo provinces. The minister of agriculture and livestock reassures breeders who have lost their goats that the World Bank is going to compensate them. “The goats that died were imported from Uganda in November 2017 through the Lake Victoria (...)