Business Archives - IRIS NEWS

Iris NewsOctober 16, 2024

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Author: NDORUKWIGIRA Franck Arnaud On October 10, 2024, at the Rumonge port in southwestern Burundi, Jean Claude Ndibanje, a cross-border trader exporting avocados to the DRC, prepares to ship his cargo across Lake Tanganyika to Kalemie. What should be a straightforward process is hindered by significant administrative delays at the port, extending the time […]

Iris NewsMay 8, 2024

African governments coming together to put short-term greed aside by agreeing to eliminate tariffs via the AfCFTA is a commendable step, but the lack of trade infrastructure poses a significant non-tariff barrier. For the CDE Great Lakes, the solution to this barrier lies in the AfCFTA investment protocol. Analysis. The African Development Bank reports that […]

Iris NewsJuly 19, 2023

The summer rush intensifies and Ethiopian Airlines is already under fire as complaints of missing luggage pile up at the Melchior Ndadaye International Airport of Bujumbura. An unprecedented number of passengers, particularly those from the diaspora returning home for the summer, have reported their baggage missing or delayed upon arriving in #Burundi. The influx of […]

Iris NewsJune 23, 2023

President Ruto’s call for East African countries to use local currencies instead of the dollar has gained support in the East African Parliament (EAC). The use of dollars in trade exchanges across East Africa has been a long-standing issue, and according to EALA MPs, has negatively affected the region’s economies by undermining the fluidity of […]

Hernin Guerin IngabireJune 20, 2023

On June 15, 2023, panelists at the French Institute of Burundi discussed ways to overcome the challenges that Burundian artists and creatives face when trying to gain recognition on the global stage. One thing is for sure: the challenges are much greater than you may think. Yish Karamu, a visual artist, is well-acquainted with the […]

Prince MusoreJune 12, 2023

The Prime Minister of Burundi, Lt-Gen Pol. Ndirakobuca_Gervais, held a meeting with stakeholders in the currency exchange sector on June 12, 2023. The meeting was held in response to concerns about the sector’s compliance with rules and regulations set by the Burundi’s Central Bank. During the meeting, several decisions were made to address the issues […]

Iris NewsJune 12, 2023

Since the Central Bank’s decision to cease the use of old banknotes of 5,000 and 10,000 BIF, people are facing difficulties purchasing goods and services as the old banknotes are not being accepted on the market, and the new ones are not readily available. The withdrawal of the old banknotes dated July 04, 2018, has […]

Bienfait CakweriJune 8, 2023

On June 7th, 2023, a new entrepreneurial incubation center in Bujumbura was launched at the CEPRODILIC Hotel by CREOP-Jeunes. The center is aimed at creating a supportive and nurturing environment for young and women entrepreneurs. The event was organized by CREOP-Jeunes in collaboration with Université Lumière de Bujumbura under the theme “Contributing to the education […]

Iris NewsApril 11, 2023

Burundi has been hit hard by several shocks, including the effects of the COVID-19 pandemic and limited foreign exchange availability for imports. This has led to a challenging economic situation with a high cost of living. In order to ease this situation, Burundi has sought help from the International Monetary Fund (IMF) and the two […]

Prince MusoreApril 10, 2023

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As you delve into this article, one industry is ascending to new heights – the gaming market. With the recent COVID-19 outbreak, this industry has seen an unprecedented surge. Despite this global trend, the gaming industry in Burundi has faced significant hurdles and remains hidden in the shadows. Nevertheless, the gaming market worldwide is skyrocketing […]