Business

“EAC Partner States to conclude collective Trade Agreement with the United Kingdom to avoid trade uncertainty and disruption between UK and EAC” said EABC CEO Mr.Kalisa during the courtesy visit by the UK Prime Minister’s Trade Envoy to Tanzania, Mr. John Lord Walney to the East African Business Council Headquarter in Arusha, Tanzania, He...

Burundi and Tanzanian government are set to sign an agreement that will see Burundi utilizing the 10 hector dry port that was allocated by Tanzanian government  in Kwala area in coast region near the Dar es Salaam port. “We visited the place which is near to the port what next is that Burundi will...

The exportation of intermediate products in Burundi is said to have contributed to the loss of revenue and job in the country, according to the Burundi Promotion Agency. "We are missing the chances of creating employment because our industry is not yet able to change the composition of the products that we export and...

Burundi and the World Bank Group early this week approved funding of $ 80 million for the Skills for Employment Project of Women and Youth in Burundi (Burundi Skills4Jobs). The project aims to improve access to training and labor market relevance of skills development programs and entrepreneurial opportunities. According to the authorities the fund...

Ministers of infrastructure have called on regional States to scale up programmes to upgrade and maintain infrastructure and facilities, adopt and implement COMESA transit instruments to improve transport corridors’ efficiency. In their 12th joint meeting conducted virtually, today, June 2, 2021, the ministers responsible for transport, energy and Information, Communication Technology (ICT) acknowledged the huge...

New East African Business Council (EABC) study on the impact of Covid-19 in the tourism &hospitality sector reveals 2.1 million jobs lost in 2020 in the EAC region. East Africa Community (EAC) Partner States are estimated to have lost international tourism receipts to the tune of $ 4.8 Billion in the year 2020, following...

Burundi ministry of trade, tourism, and industry launched this Thursday February 5th, 2021  Burundi Airlines a company to monitor the country’s owned fleet after being grounded for more than 10 years. The government is the main shareholder with 92 percent of the shares while SOCABU and SABENA owns 4 percent of the shares each. 

At least one person was shot dead this Monday December 14th, 2020 by the police while attempting to flee with a boat loaded with 52 million worth of loincloth (Kitenge). According to the Burundian police four people were arrested and one shot dead while raiding smugglers sneaking in more than 1800 loincloths from the...

COMESA Secretariat has conducted a study on the socio-economic impacts of the COVID-19 pandemic in the region. The study is expected to help Member States in developing policies to address the impacts of the pandemic on their economies. According to the study, only six Member States: Egypt, Ethiopia, Kenya, Malawi, Rwanda and Uganda are...

The annual inflation rate for the month of September 2020 increased to 81.9% up from 23.4% recorded in the same month last year. This means that prices of goods and services in the participating Member States went up. According to the latest Harmonized Consumer Price Index (HCPI) which measures inflation rate in the COMESA...