Bank
Politics

Opposition to contribution to 2020 elections
01-22-2018
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36 unions and the parliamentary group from Amizero y’Abarundi coalition have protested against the withdrawal of money from workers’ salary to contribute to the elections in 2020. They denounce the use of force. Voices are raised to challenge the joint order of the Ministers of the Interior and Finance (...)
Environment

Lake Rweru almost dying out
12-19-2017
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The invasion by the water hyacinth and pollution threaten this lake shared by Burundi and Rwanda. The diversion of the Akagera River from Rwanda is the cause of this threat, say local residents. “We saw this plant for the first time since Akagera river left its bank to flaw (...)
Economy

2018 budget bill: Suspension of new recruitment continues
12-14-2017
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The budget bill for 2018 provides for a budgetary independence rate of 81.2%. The Minister of Finance calls for continued economic austerity policy. “Prudent budgetary and austerity policy will be maintained for the 2018 fiscal year,” said Domitien Ndihokubwayo, Minister of Finance, in the National Assembly while presenting the (...)
Economy

Adopted bill on trader insolvency to help reduce bankruptcy risks?
11-09-2017
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Burundi National Assembly adopted a bill on trader insolvency on 08 November, 2017. The new law will allow insolvent businessmen to lodge a complaint and the institutions to sue foreign traders unable to pay debts even outside the country. Some MPs questions its efficiency. Traders who go bankrupt or (...)
Economy

Burundian coffee exporters fear going bankrupt
11-07-2017
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In a meeting that Burundian coffee exporters held on November 03, they said the fall in the price of coffee at the international market is one of the causes of problems they are currently faced with. Burundian coffee exporters say they fear going bankrupt. They say one of the (...)
Economy

One year given to bank debtors to sell their mortgaged property
11-07-2017
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The central bank has recently revised the law on banks and included some innovations. Some of them are the protection of consumers of financial services and improved access to credit. Based on daily activities and Burundi integration into the East African community, the Central Bank decided to review some (...)
Economy

$ 600 million to improve central corridor infrastructures
11-01-2017
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The East African Community (EAC) and Central Corridor Transit Transport Facilitation Agency (CCTTFA) in collaboration with the World Bank will meet on 2 and 3 November .The aim will be to look into how the project on Lake Tanganyika Transport Program should be supported. The World Bank has committed (...)
Environment

Mugere River to be protected from butchers’ activities
09-26-2017
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The Director of Water Resources says the clandestine abattoir set up along the Mugere River is one of the sources of Lake Tanganyika pollution. The Mugere surrounding inhabitants demand its relocation as it emits unpleasant odor. When at Mugere River, at 12 Km from Bujumbura city center at 10 (...)
Politics

No need to force Burundians to contribute to 2020 elections, say politicians
08-24-2017
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The Ministry of Home Affairs organized, on 22 August, a meeting with communal administrators and provincial governors on the forthcoming elections. All Burundians will have to contribute to 2020 elections. Following the meeting organized by the Home Affairs’ Ministry with all governors and administrators in Ngozi northern province, Minister (...)
Economy

Ecobank employees denounce unfair dismissal
08-18-2017
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At least 70 employees of Ecobank Burundi have been dismissed due to poor economic performance. They say that the dismissal process contains many irregularities. Ecobank has dismissed 70 employees for economic reasons in accordance with the law, says Victor Noumoué, the Chief Executive Officer of Ecobank Burundi. He says (...)