Africa > East Africa > Burundi > Banking / Investment

Banking / Investment in Burundi

  • Africa's last international banks make their stand

    BOTSWANA, 2017/10/31 On June 1, 2017, Barclays sold a 33.7% stake in its African business, Barclays Africa Group Limited (BAGL). The transaction reduced the UK lender’s stake in its African offshoot to 14.9% and permitted, in accounting terms, the deconsolidation of BAGL from its parent. Additional symbolically, it brought to an end Barclays’ operations on the continent next additional than 100 years. The rise of Africa’s home-grown financial players has led most international lenders to withdraw from the continent. However, Société Générale and Standard Chartered are not only staying put but marking territory for digital expansion. James King reports.
  • Why governments need to support the financial sector to meet the unserved needs of smallholder farmers

    BOTSWANA, 2017/09/09 This year, under the leadership of H.E. President Alassane Ouattara and the theme of “Accelerating Africa’s Path to Prosperity: Growing Inclusive Economies and Jobs through Agriculture”, the African Green Revolution Forum (AGRF) 2017 is shaping up as a premier platform to showcase ongoing evolution in Africa’s agricultural transformation schedule and to scale up the political, policy, and financial commitments needed to achieve the Malabo Declaration and the world development schedule around the Sustainable Development Goals (SDGs). Following the launch of the landmark annual Africa Agriculture Status Statement (ASSR) at the AGRF taking place in Cote d’Ivoire from 4-8 September 2017, the major conclusion centres around the power of entrepreneurs and the free market in driving Africa’s economic increase from food production. This is owing to the fact that a lot of businesses are waking up to opportunities of a rapidly growing food market in Africa that may be worth additional than $1 trillion each year by 2030 to substitute imports with high price food made in Africa.
  • East Africa’s FDI hits $7b, boosted by flows into Kenya, Burundi

    BURUNDI, 2015/07/29 Kenya and Burundi’s 2014 foreign direct investment grew significantly, pushing the in general regional [FDI] inflows completed the $7 billion mark. This is according to the new statement released by the United Nations Conference on Trade and Improvment(UNCTAD). Kenya’s inflows grew by 95.84 % to $989 million, from $505 million in 2013, while Burundi’s rose five fold to $32 million last year, up from $6 million. The World Investment Statement 2015showed that the East African region had a combined total FDI inflow of $7.09 billion last year, up from $6.2 billion in 2013, with Rwanda and Uganda registering $267.7 million and $1.14 billion respectively.
  • East Africa: Regional Microfinance Institutions Advised to Apply for Observer Status

    DJIBOUTI CITY, 2015/01/04 Regional microfinance institutions are poised to benefit from regional integration, if they apply for an observer status at the East African community secretariat, Innocent Safari, the permanent secretary, Ministry of East Africa community affairs has said. The advice follows plans by sector players to move towards integrating legal and regulatory frameworks during the recently concluded microfinance CEO's summit in Kigali. During the summit, top micro finance managers resolved to explore ways in which laws, regulations and supervisory frameworks governing the sector can be harmonised to enhance cross-border business.
  • AfDB gives Burundi US$22 million for two dams

    BURUNDI, 2014/08/05 The African Development Bank (AfDB) will give US$22 million to help build two new hydroelectric dams in Burundi, which is experiencing a critical energy crisis. An agreement for the money was signed by the Burundian minister of Finance, Tabou Abdallah Manirakiza, and the AfDB resident representative, Ba Abou, Burundi national television reported on Thursday. The fund will help build two hydroelectric dams on River Jiji IjI and River Mulembwe in southern Burundi that will generate 50 megawatts of power.
  • AfDB Approves U.S. $67 Million Grant for Burundi Road Pro 2011-07-01

    BURUNDI, 2011/07/01 The Boards of Directors of the African Development Bank (AfDB) Group today approved a grant of USD67.23 million (Units of Account 42 million) in funding for Phase II of the Gitega-Nyangungu-Ngozi road project in Burundi. The new finance will be used to fund the Gitega-Nyangungu segment of the road.
  • IMF Mission to Burundi

    BURUNDI, 2010/12/19 The economy is recovering a bite from the effects of the global crisis. Economic growth is expected to rise to 3.9 % in 2010, from 3.5 % in 2009. Because of rising food prices, headline inflation (end of period) is likely to increase to 7.5 % in 2010, compared with 4.6 % in 2009. The macroeconomic outlook in 2011 is generally positive with real GDP projected to rise by 4.5 % and inflation forecast at about 8 % . The foremost downside risk stems from the uncertain external environment.