Business

The Ministry of Finance, Budget and Economic Development has launched the second phase of its electronic invoicing project, aimed at strengthening tax revenue management through digitalization. Finance Minister Nestor Ntahontuye announced the initiative on March 18 at the headquarters of the Burundi Revenue Authority (OBR). As part of the expansion, the government has acquired...

KAMPALA, Uganda — Telecommunications stakeholders from across Africa gathered in Kampala for a pivotal workshop on the One Africa Network (OAN) and the East African Community's (EAC) One Network Area (ONA) on March 7, 2025. The event, jointly hosted by Smart Africa and the EAC Secretariat, focused on advancing digital integration and reducing barriers to affordable communication...

DAR ES SALAAM, Tanzania (March 6, 2025) — East African Community (EAC) Partner States were urged to prioritize using revenues from the region’s burgeoning petroleum sector for sustainable development and job creation during the 11th East African Petroleum Conference and Exhibition (EAPCE’25) in Dar es Salaam. Tanzania’s Vice President, Philip Mpango, emphasized that petroleum...

Bujumbura, Burundi – February 20, 2025 – A new market access project for enterprises in Burundi, called UGUSHORA (to sell/export in Kirundi), has been launched to support economic development and job creation by promoting export-oriented investments and businesses. The project, funded by the Embassy of the Netherlands in Burundi, is implemented by the TRAIDE Foundation in partnership...

Bujumbura, Burundi (Feb. 18, 2025) — Efforts to strengthen policy advocacy for the services sector in East Africa are gaining traction as business leaders and policymakers push for institutionalized dialogue and regulatory reforms. With services contributing between 40% and 55% of the East African Community (EAC) GDP, stakeholders emphasize the need for a robust...

African leaders and business experts gathered Thursday for the webinar "Trump, Trade, and Africa: Turning Policy Shifts into Opportunities" to discuss how evolving U.S. trade policies could provide significant opportunities for inclusive and sustainable growth across the continent. Hon. John Lual Akol Akol, chairperson of the East African Business Council (EABC), called for a...

BURUNDI – The Burundian government will shift to a results-oriented budget for the 2025-2026 fiscal year, moving away from previous models that focused on annual revenue, Finance Minister Nestor Ntahontuye announced Monday. Ntahontuye said the new approach will center on a project-based framework. He acknowledged challenges in past government investments, noting that unclear project...

Officials in Burundi’s Kayanza Province are grappling with a corn storage crisis as demand for last year’s harvest remains low. Corn produced in the region has been placed on the market by the National Grain and Cereal Company (ANAGESSA), but both traders and consumers are not purchasing the grain in significant quantities. Deus Babahokubwayo,...

Burundi’s Agriculture Minister Prosper Dodico has promised that coffee stocks will soon be sold at international market prices. During a visit to coffee growers in Karusi Province on Saturday, Feb. 1, 2025, Dodico explained that the delay in selling coffee was due to ongoing market analysis. “An auction sale was recently held, with some...

On the night of January 21, 2025, Burundian soldiers intercepted a large illegal fuel shipment in the Rumonge region,