Bank
Security

Police dismantle criminal groups in Bujumbura
07-04-2017
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Criminal groups that had been wreaking havoc in Bujumbura from the beginning of this year have been dismantled, the police say. The police showed to journalists on Monday evening at the headquarters of the National Intelligence Service (SNR) arrested members of “dismantled criminal groups that had been “involved in (...)
Economy

Burundi risks being deeply in debt
06-21-2017
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Since 2014, public national debt is increasing. Today it exceeds BIF 1.200 billions. Parcem, a local NGO aiming at changing people’s mentality is worried about the way the debt is increasing. “The accumulation of this national debt currently represents more than BIF 1.200 billions” said Faustin Ndikumana, Executive Secretary (...)
Economy

Foreign currency transfer: Regional banks benefit
06-16-2017
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NGOs have been obliged to open their foreign currency accounts at the Burundi Central Bank (BRB) since last April. Some of them and individuals receive transfer of funds via Rwandan and Congolese banks. “Following the decision of the bank of the Republic of Burundi, we created an account at (...)
Society

Charity association calls for financial assistance to treat 11 cardiac patients
06-09-2017
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The local charity association ‘Maison Bon Samaritain’ calls for charitable acts to help children suffering from heart diseases that require surgery abroad. “My daughter, aged four, is sick since birth. Several doctors have consulted her and told me she was born with heart disease, “says Nyandwi Melchior, a Cibitoke (...)
Politics

UPRONA: Misappropriation of its property?
06-05-2017
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Voices rise against the sale of UPRONA party’s property. The party’s president rather speaks of making it profitable. Tensions are running higher within UPRONA party. Outcries come from everywhere. Both within the institutional UPRONA and that of the opposition converge on one cause to defend: land property. A piece (...)
Environment

Complying with water code is must, Environment ministry says
05-09-2017
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The local administration, in collaboration with the police, have destroyed a hundred pigsties along the bank of the Kanyosha River in the south of the Burundian capital Bujumbura. The Director General of Water and Sanitation say pig breeders have violated the Burundi water code. In the morning of May (...)
Society

Surge in illegal – and failed- mineral traffic attempts
03-25-2017
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Recent foiled mineral smuggling attempts were destined to Rwanda that is reported to have an expending trade of coltan. Despite reports of renewed mineral smuggling failed attempts, the police and the Burundi Mining Office (OBM) note a remarkable decrease in illicit mineral traffic due to dissuasive actions and the (...)
Society

Burundi receives $40 million for poorest households
03-25-2017
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The International Development Association (IDA) through the World Bank has provided additional funding of $40 million to Burundi. On 23 March, the Burundi National Assembly approved the distribution of the money transfer to the poorest households in the country. “Each household will receive an amount of BIF 20,000 per (...)
Economy

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 (...)
Economy

Bank to support youth projects, says Burundi Vice-President
02-04-2017
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The Burundian government intends to set up an investment bank for the youth, the First Burundi Vice-President told journalists. In an attempt to promote development and to avert Burundi’s looming youth crisis, President Nkurunziza has announced plans to set up an investment bank that will provide loans to young (...)