News Burundi Trading: World Bank to Help Avert Acute Shortages of Critical and Lifesaving Commodities in Burundi
The World Bank will support the acquisition of fertilizers and pharmaceuticals through contingent financing aimed at tackling pressing shortages in the market, helping prevent individuals and households from sinking deeper into poverty in Burundi. Through the International Development Association (IDA), a $40 million grant will be provided to allow commercial Banks in Burundi to have access to an import backstopping facility.
News Burundi Trading: From farm to forex: Insights from Trade Legacy Burundi
Growing up in the vibrant markets of Bujumbura, I developed a deep fascination with trade and its impact on communities. This passion guided me from local markets to those at the continental level, like the African Continental Free Trade Area (AfCFTA) Business Forum. Trade, to me, is more than just the exchange of goods and services; it is a powerful engine for economic growth, innovation, and social change. This belief led to the establishment of Trade Legacy Burundi in 2021, a venture aimed at transforming the agricultural sector and uplifting small-scale farmers in Burundi.
News Burundi Trading: Congo to join the six-nation East African Community trade bloc
The East African Community trade bloc is set to admit Democratic Republic of Congo (DRC) as its seventh member on Tuesday, the EAC said, adding a population of 90 million people to its common market. The EAC common market, which consists of Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda, was set up in 2010 to allow the free movement of goods and people across borders, and is one of the most advanced trading blocs on the continent. "It represents a real opportunity for us... in view of the strategic position of our country to be part of this sub-regional organisation," Patrick Muyaya, spokesman for the DRC's government, told Reuters.
News Burundi Trading: East Africa Bloc Becomes $250 Billion Market as Congo Joins
(Bloomberg) -- The Democratic Republic of Congo joined the East African Community, bringing the regional trading blocâs market size to a quarter of the continentâs population and providing it with access to the Atlantic Ocean.
News Burundi Trading: Congo joins East African Community trade bloc
The East African Community trade bloc admitted Democratic Republic of Congo (DRC) as its seventh member on Tuesday, the group said, increasing the market by half to 300 million people.
News Burundi Trading: Warming of Kagame-Museveni relations raises hopes for route to Bujumbura
The reopening of the Ugandan-Rwandan border could lead to a trade corridor to Burundi. Neighbours and rivals in the Great Lakes are determined to put aside their differences to revive badly affected ...
