Business

Burundi has been hit by one of the longest fuel shortage period as citizens in Bujumbura find it more difficult to move from one place to another due to the lack of public transport with long queues being witnessed at fuel stations. Bujumbura as the economic capital daily activities kicks off in the early...

It's huge, it's wide, and it's potentially a lot more sustainable. The Airbus A380, a behemoth of the skies, has completed a trial flight powered on cooking oil. The test airplane completed a three-hour flight from Blagnac Airport in Toulouse -- Airbus' French headquarters -- on 25 March. It was powered by Sustainable Aviation...

Burundi and Uganda held a 3rd session of the Joint permanent commission in Bujumbura to review and take stock of implications of the decisions made during the second session, and recommend new areas of operations and improving the bilateral relations and livelihood of their people. At Kiriri Garden hotel in Bujumbura last week, Burundi and...

The mayor of Bujumbura Jimmy Hatungimana has given street vendors an ultimatum to leave the streets during his routine visits in Bujumbura on Thursday this week. While in Rohero in one of the busiest streets, Bujumbura mayor gave four days for all the street vendors to leave the streets and relocate to markets or...

The East African Legislative Assembly Committee on Communications, Trade and Investment is meeting in Bujumbura to review the East African Community Customs Management Act 2004, to facilitate and ease the cost of doing trade/business in the community. During the meeting the Director General of customs and trade at the East African Community Bagamuhunda Kenneth...

China has set its lowest annual GDP target in decades, as premier Li Keqiang warned of a “grave and uncertain” outlook against the backdrop of the coronavirus, a slowing economy and the war in Ukraine. Li announced on Saturday the unusually modest target of about 5.5% growth for 2022 – the lowest since 1991...

A parliamentary committee that unearthed the “bad” terms of the Uganda-China’s Exim Bank Entebbe Airport loan agreement has ended its probe, noting that the deal is binding. Joel Ssenyonyi, chairperson of the Committee on Commissions, Statutory Authorities and State Enterprises, told The EastAfrican that it is impossible to pull out of the agreement given the dire...

The East African Business Council (EABC) is calling for partner states to adopt a 35 percent tariff on imported goods outside the East African Community in what it says will help promote and develop regionally manufactured products. “The way to protect our infant industry is to raise the common external tariff for those products...

Parts of North China have experienced a shortage of natural gas in what is blamed on the harsh winter season. Experts also blamed the jump in prices to international price factors that have been on an all-time high in recent weeks. International media quoted Ma Chenchen, writing in YICAI Global who...

A Burundian national and owner of a cargo ship that sunk in Lake Tanganyika on Wednesday 16th, 2022 hailed Tanzania’s navy for a quick and on time to rescue all the eleven crew members who were on board before the ship capsized.  “I thank the army and Tanzanian government in rescuing the crew and...