Business

Kenya plans to ask China for a longer repayment period on $5 billion of loans it used to build a new railway line, Transport Secretary-designate Kipchumba Murkomen said. Servicing the Export-Import Bank of China loans, which mature in 15 to 20 years, is choking the economy, Murkomen told lawmakers Wednesday at a confirmation hearing...

Burundi Breweries (BRARUDI) and Burundi Cement Company (BUCECO) announced the inflation of their commodity prices that took effect this Monday. According to the two companies, it is said that the price increase is due to the inflation of the raw materials and energy. “The cement price of a 50 kg bag...

WASHINGTON, October 6, 2022—The World Bank Group approved $120 million in financing for the Burundi Transport Resilient Projectwhich aims to provide efficient, safe, and climate resilient road connectivity along the main corridor linking Burundi with Tanzania. It will also strengthen the institutional capacity to sustainably plan, develop, and preserve climate resilient road assets. The project...

Burundi Central Bank (BRB) governor Dieudonné Murengerantwari this Friday announced the lifting of the ban on forex bureaus that was imposed two years ago. While addressing journalists in Bujumbura, Mr. Murengerantwari said that Burundi is starting a series of reforms to modernize its monetary policy.  “The measure taken on February 07,...

Burundi president Evariste Ndayhsimiye this Tuesday September 27th officially kicked off the business summit between Burundi and Nigeria in Bujumbura in efforts to strengthen the bilateral cooperation between the two countries through investment in the private sector and trade promotion. “This Burundi and Nigeria Business summit calls for ambitious commitments to break the current...

The Board of the East African Business Council (EABC) held its 84th Meeting in Dar es Salaam, Tanzania and outlined priorities set to boost intra-EAC trade and investments. In her speech to the 84th EABC Board Meeting, the Chairperson Ms. Angelina Ngalula lauded the EABC Secretariat for championing the adoption of 35% as the 4th band of...

According to the resolutions made at the final day of the 2nd East African Community (EAC) Tourism Expo that concluded in Bujumbura, Burundi on Monday afternoon, East African Community (EAC) Partner States were urged to cooperate in packaging and promoting tourism investment opportunities and incentives in the region through different fora. Partner States agreed...

Burundi president and the current Chairperson of the East African Community Evariste Ndayishimiye launched the 5th Edition of the East African Community (EAC) Arts and Culture Festival (Jumuiya ya Afrika Mashariki Utamaduni Festival - JAMAFEST) at the Intwari Stadium on Monday 5th September, 2022. The President said the East African Community Arts and Culture...

The East African Private Sector have urged governments to fast-track the harmonisation of East African Standards during the EABC-TMEA Regional Public Private Engagement on Standards held in Dar es Salaam, Tanzania last Sunday. Evidence shows harmonization of standards increased the intra-trade by 10%, reduced inspection & clearance costs at the border from USD. 500...

The 5th edition of the YouthConnekt Africa Summit is under the theme Accelerating Investments in Youth: “Resilient Youth, Resilient Africa”, will be held from 13 – 15 October 2022 in Kigali, Rwanda. Building on its unique convening power, the edition of the continental annual youth gathering projects is set to attract over 10,000 participants...