Business

In a meeting held at the East African Community (EAC) headquarters in Arusha, Tanzania, Kenya and Tanzania have successfully addressed longstanding concerns regarding the export of poultry and poultry products between the two partner states. The meeting which took place from 29th to 30th April, 2024 brought together veterinary authorities from both countries with...

Burundi cross-border traders and officials will now start using a mobile application to report trade barriers. The East African Community (EAC) Secretariat and TradeMark Africa’s (TMA) Burundi Programme conducted a two-day training on Non-Tarriff Barriers (NTBs) for Burundi’s cross border trade participants who included customs officials, border police, freight forwarders, clearing agents, and representatives...

The World Bank Group and African Development Bank Group announced on Wednesday April 17th 2024 the partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030.  In a press statement released by the World Bank, The World Bank Group will work to connect 250 million...

Despite their high potential to advance global prosperity, one-half of the world’s 75 most vulnerable countries are facing a widening income gap with the wealthiest economies for the first time in this century, a new World Bank report has found. Taking full advantage of their younger populations, their rich natural resources, and their abundant solar-energy potential can...

Increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa. However, the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters, and escalating conflict and violence, according to the World Bank’s latest Africa’s Pulse report. Transformative policies are needed to address deep-rooted inequality to sustain long-term growth and...

The pan-African trade insurance agency, The African Trade Investment and Development Insurance (ATIDI), has supported Songa Energy's USD 7.7 million run-of-the-river hydro project on the Ruvyironza River in Burundi. The 1.65 MW project is expected to be the first hydro Independent Power Producer (IPP) in the country, is set to benefit from ATIDI's Political Risk...

Tanzania's real GDP growth is expected to reach 6.3% in 2024, this was revealed during the CEO Roundtable Meeting on East African Integration and Economic Outlook 2024 organized by the East African Business Council (EABC), in partnership with the Switzerland-Tanzania Chamber of Commerce, Tanzania Private Sector Association (TPSF), the Confederation of Tanzania Industries (CTI) and RSM Eastern...

So far, only fourteen countries out of 29 that belong to the Eastern Africa, Southern Africa and Indian Ocean Community (IOC) have acceded to the Single African Air Transport Market, six years since it was launched. This has limited the potential economic growth and development of the region and greatly affected air connectivity within Africa as air...

Burundi and the Democratic Republic of Congo are constructing a 130-meter bridge with an estimated cost of approximately 24 billion Burundian Francs that will connect Burundi and DRC in Cibitoke province. The bridge’s reconstruction began on October 2, 2023 for a period of 13 months and 15 days, is currently financed by the World,...

Burundi’s president Evariste Ndayishimiye on Thursday March 14, 2024 met with stakeholders and those in Burundi’s ministry of trade, Transport, Industry and Tourism to strategize in efforts to achieve Burundi’s as an emerging country in 2040 and a developed country in 2060. During the meeting president Ndayishimiye said that the objective of the meeting...