Burundi
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East Africa
Burundi, Kenya get IMF loans to support economic growth
WASHINGTON – The International Monetary Fund [IMF] days ago approved US$ 271 million loan to Burundi under Extended Credit Facility [ECF] arrangement, with US$ 62.6mln ready for disbursement immediately. According to the…
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East Africa
AfDB approves trade finance transaction guarantee facility to Bancobu
BUJUMBURA – The African Development Bank [AfDB] Group has approved a trade finance transaction guarantee facility to Banque Commerciale Du Burundi [ Bancobu ], Leveraging Bancobu’s strategic footprint in the East African…
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News
Africa posts 2.2 percent growth in coffee exports
KAMPALA-Exports of all forms of coffee from Africa increased by 2.2 percent to 1.02 million bags in February 2023 from 1.0mln bags in February 2022, the International Coffee Organisation [ICO] says. ICO…
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East Africa
Intra-EAC trade hits US$ 10 billion mark
KAMPALA-Intra-regional trade within the East African Community [EAC] is on an upward trajectory, standing at US$ 10.17 billion in September 2022. The intra-EAC trade, accounting for imports and exports in the seven…
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Africa
Over US$1 billion worth of customs bonds executed in the north and central transport corridors
LUSAKA-Over 1,282 Regional Customs Transit Bonds, amounting to US$1 billion have been executed in the northern and central transport corridors in 2022 alone signifying a reduction in cost of transit and transport…
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Africa
COMESA gets over US$ 6mln grant to boost pharmaceutical sector
ABIDJANI-The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, this month approved a US$ 6.63 million grant to the Common Market for…
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East Africa
AfDB clears over US$ 20mln for agro-pastoral project in Burundi
BUJUMBURA– The African Development Bank [AfDB] Group days ago greenlighted the award of a US$ 23.26 million grant to Burundi to implement the Agro-Pastoral Entrepreneurship and Professional Development Project for the Youth…
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News
Preparations in high gear for 2nd East African Regional Tourism Expo in Burundi
The East African Community [EAC] will hold the 2nd EAC Regional Tourism EXPO [EARTE’22] in Bujumbura, Burundi from September 23-30, 2022. According to the organisers, the main objective of the EXPO is…
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UPC EALA aspirant vows to push for regional currency
LIRA- The Uganda Peoples Congress [UPC] Candidate for East African Legislative Assembly [ EALA ], has pledged to champion the establishment of a single currency for the East African Community [EAC]. Fred…
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Cooperatives & Communities
Mbarara City earmarks Shs100 mln to host regional trade exhibition
MBARARA– Mbarara City Council has approved Shs 100 million to enable it to host the next East Africa International Trade Exhibition [EAITE] on multi-sector products, and equipment and machinery. EAITE, expected to…
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