Business

Burundi’s small scale traders were left in dilemma after the Central Bank’s move to stifle the forex bureaus country wide that exchange foreign currency on a much higher rate. PHOTO| FILE As Burundian government stepped up to suspend the operationalization of the forex bureaus in the country, some economic analysts backed the government’s decision arguing that the...

Burundi’s President Pierre Nkurunziza backed the decision urging Burundians “to take drinks at home and share with their family members”. PHOTO| FILE. Curfew on bars in Bujumbura have raised mixed reactions in citizens and bar owners on the impact the measure is causing to the Burundian society and the economy. In November...

The East African Community Secretary General Amb. Liberat Mfumukeko and the German’s Charge d’Affaires Jorg Herrera after signing the agreement on December 4th 2019. PHOTO| Burundi Times The East African Community (EAC) Secretary General Liberat Mfumukeko on Thursday signed an agreement worth $ 128 million with German’s Charge d’Affaires Jorg Herrera in Arusha, the fund...

The digital platform is designed to address the information that is needed by women in business and connect them via a custom-built social networking tool that was launched in Kigali, Rwanda on November 21st 2019. PHOTO|FILE. COMESA, East African Community and ECOWAS launched a networking platform to connect 50 million African women in...

With more than 60 years of operation in Burundi, BRARUDI remains the largest brewer and soft beverage company in the territory. PHOTO| BRARUDI The Burundi Bureau of Standards (BBN) expressed concerns over the quality of drinks brewed by the country’s major brewery BRARUDI a French acronym for (Brasseries et Limonaderies du Burundi). In a...

The free trade zone near DRC will be offered to Kenya’s private sector business men including the chambers of commerce and Kenya manufactures association to showcase Kenyan products mainly consumer and industrial products. PHOTO|FILE Kenya has stepped up efforts to strengthen the bilateral relations with the Burundian government in efforts to boost trade between the...

Youth Ambassadors with border officials at Kobero/Kabanga border during the sesitisation programme on the movement of goods,services and people in the region. PHOTO|FILE. The East African Community Youth Ambassadors are undertaking a multi-stakeholder outreach programme that kicked off yesterday targeting the border communities in some of the East African partner states. The aim of...

Burundi Central Bank governor Jean Ciza while addressing the media on Tuesday 17.September.2019 in Bujumbura. PHOTO| Burundi Times Burundi’s Central Bank (BRB) on Tuesday announced new measures that have been put in place in order for the forex bureaus to comply with the Bank’s official exchange rate. “Forex bureaus will be using a new software...

Burundi Central Bank  cautioned the public and that no entity or financial institution is currently authorized to offer remittance or other payment services using a virtual currency. PHOTO| FILE. Burundi’s Central Bank (BRB) has today issued a statement that outlaws the use of cryptocurrency in the country, the governor of the central bank Jean Ciza...

A Burundian trader explaining to some of his customers about his locally manufactured products on August/30/2019. PHOTO| BurundiTimes. Under the auspices of the Tanzanian embassy in Burundi, a four day trade fair was officially opened in Bujumbura this Friday with the aim to share experience and network between traders of the two...