Business

Preparations are in high gear for the 5th Edition of the East African Community (EAC) Arts and Culture Festival, popularly known as Jumuiya ya Africa Mashariki Utamaduni Festival (JAMAFEST) scheduled for 4th -12th September, 2022 in Bujumbura, Burundi. The main objective of the Festival themed “Harnessing cultural resources to mitigate the impacts of COVID-19...

Professor Salomon Nsabimana is a 48 year old macro economist, lecturer at the University of Burundi, a consultant and among the experts that drafted the Burundi National Development Plan 2018-2027. He spoke to Burundi Times’ Joella Nichiteretse on what the country should implement in meeting the Competition Policy Protocol of the African Continental Free...

East African Business Council (EABC) Chairperson Angelina Ngalula on Tuesday called on the governments of the East African Community (EAC) Partners States to market East Africa as a single investment destination by showcasing and reinforcing the bloc's comparative and competitive advantage. Speaking at the press conference during her official visit to the EABC Secretariat...

Burundi government last week signed an agreement worth 19.7 million Euros with the European Union alongside the African Development Bank to strengthen capacity and upgrade the cargo handling volume in the central corridor. Burundi’s finance minister signed for amount of 19.7 million Euros which is set to rehabilitate and provide the efficiency at the...

The East African Business Council, COMESA and SADC Business Council have officially launched and formed the African Tripartite Business Council to spearhead the inclusion of private sector policy proposals into the negotiations of African Continental Free Trade Area (AfCFTA) Agreement and the African Tripartite Free Trade Area (TFTA).  This is one of the resolutions...

The road to exporting avocados to China for Kenyan farmers appears not only to be too long and winded, but also very bumpy. So lengthy is the road that after years of lobbying and six months since Kenya signed a deal with the Asian nation to export the produce, no fruit has left the...

The Chief Executive Officer of the East African Business Council (EABC) Mr. John Bosco Kalisa last Saturday urged EAC Partners States to have common regional policies on future global shocks to enhance economic resilience and rebound amid COVID-19. Speaking at the News Editors Round Table on Impact of COVID-19 on Businesses and Economies in the...

Kenyan exporters have raised concerns of high demurrage charges and loss of their agricultural produce over food certification required by China, making it difficult to trade. The Asian country on January 1 implemented new registration requirements for companies that export food to China. According to the regulations, all overseas manufacturers of...

Over 150 transit trucks cross over the Katuna-Gatuna One Stop Border Post (OSBP) daily following the reopening of the border. This was revealed during the East African Business Council- Trade Mark East Africa (EABC-TMEA) Public Private Dialogue with Trade Facilitation Agencies at the Katuna-Gatuna OSBP that took place this Tuesday June 28th. Mr. Peter Gikwiyakave,...

Burundi’s 2022-2023 annual budget increased by a whopping 40% according to the country’s finance minister Domitien Ndihokubwayo while he introduced the budget to the parliament in Bujumbura earlier this week. “Citizens also should help contribute for the annual projects as the budget records a shortage of almost 200 Billion BIF during the 2022-2023 annual...