The governments of Burundi and Tanzania have received US $322.35 million in loans and grants from the African Development Bank Group, to pay for the 45 kilometer Rumonge-Gitaza and 260 kilometer Kabingo-Kasulu-Mayovu road upgrading project.
Burundi Tender and Business News
A new report from the International Union for Conservation of Nature found that 76% -- over three-quarters -- of all freshwater species endemic to the Lake Victoria Basin are threatened with extinction because of pollution, over-utilization of resources and land clearance as primary causes.
Holborn Assets, a financial services firm based in Dubai, announced the continuation of its global expansion with a new office in Johannesburg, South Africa.
On 9 May 2018, the “World on the Horizon: Swahili Arts Across the Indian Ocean” will be opening at the Smithsonian’s National Museum of African Art in Washington, D.C. to reveal the diverse interchanges that break down barriers between Africa and Asia.
As a part of the African Union (AU) initiative, the International Air Transport Association (IATA) has announced the launching of the Single African Air Transport Market (SAATM) with the goal of opening up Africa's skies and improving intra-African air connectivity.
Sweden has announced its investment of over SEK 800 million to the 'Strategy for Sweden'’s regional development cooperation in sub-Saharan Africa.
As of October 27, Burundi just became the first nation ever to officially withdraw from the International Criminal Court's (ICC) Rome Statute.
With over 95% of Burundi's 11 million residents lacking access to electricity, there is a critical need for something innovative to help. Netherlands-based Gigawatt Global Coöperatief U.A., a multinational renewable energy company, is helping out by bringing solar-powered street lights to the downtown Bujumbura.
The fall army worm has expanded so rapidly in southern Africa that its presence is behind a cut in this year's regional maize harvest forecast by up to 10 percent. A new multi-part plan to increase surveillance and research to contain the worm may help push back the agricultural menace.
A new competition was just launched to find and support providers of innovative and scalable financial products and services that improve the lives of poor people in rural areas of Africa.
A special course was recently held on Industrial Policy in Africa, for civil servants from 20 African countries. Its goal was to strengthen the group's capacity in designing, implementing, monitoring and evaluating appropriate strategies to facilitate the structural transformation of the continent’s economies.
The formation of the African Women Leaders Network, a major new initiative with the goal of enhancing the leadership of women in the transformation of Africa, was just announced by co-founders UN Women, the African Union Commission and the Permanent Mission of Germany.
The Economic Community of West African States (ECOWAS) and the State of Israel just signed a Memorandum of Understanding to advance green energy projects across ECOWAS's 15 member states. It includes a commitment to invest $1 billion for those projects via Energiya Global, Israel's largest solar developer.
Multilateral development banks (MDBs) leaders have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support sustainable and inclusive economic growth throughout the world.
A group of African organizations and international NGOs with a presence in Africa are urging Zambia to reaffirm its membership in the International Criminal Court. They do so saying it is the best way to advance justice for victims of atrocities.
Johnson & Johnson (www.JNJ.com) just announced the winners of the first Africa Innovation Challenge, a competition seeking the best ideas for new, sustainable health solutions to benefit African communities.
An independent audit of effectiveness and results for the African Development Bank Group (AfDB)'s net $739 million development support to Burundi has been concluded. The Independent Development Evaluation (IDEV) group from the AfDB conducted the formal evaluation.
Gigawatt Global, an American-owned and Dutch-headquartered frontier solar and social development enterprise, broke ground in Mubunga, Burundi, on January 18, to begin clearing clearing the land for a 7.5 MW solar field that will add 15% to the East African country’s generation capacity.
Kenya, Uganda, Tanzania, Burundi and Rwanda have been quietly working together on forming a single currency by 2024. The project is well under way and benefits from developments such as establishing a unified Customs Union between the countries is already helping trade significantly.
The Central African Economic Community (ECCAS) member states have produced model and common laws covering telecommunications, cyber security and a regulatory framework that will help govern cross-border telecom interconnections. The agreement was completed with the support of the Economic Commission for Africa (ECA) and the International Telecommunications Union (ITU).
East Africa's pharmaceutical market is projected to grow by more than 12% per year for the next five years. Sadly, even though they are in the best position to support it, African pharmaceutical companies will be lucky to hold more than 30% of that market, mostly because of the lack of capital.
The United Nations Conference on Trade and Development (UNCTAD) has already seem the organic produce market in Eastern Africa grow seven fold between the years of 2002/3 and 2009/10. That growth was supported by strong marketing and a common regional organic standard. Much higher growth is possible -- but new funding sources for development are needed.
A congress billed as the world’s largest ever to focus on the environment has opened to warnings that our planet is at a “tipping point” but also with expressions of hope that governments, civil society and big business are learning to work together.
As countries in Eastern Africa have pressed hard for economic expansion, debt has gone up rapidly in recent years. According to a just-issued UNCTAD Economic Development in Africa report, "Debt Dynamics and Development Finance in Africa", however, the debt at this point is still manageable when balanced against any risks associated with the debt.
United Nations leaders said today that much more needs to be done to prevent further suffering, strengthen resilience and preserve livelihoods in the wake of El Niño's devastating effects worldwide. Africa was the worst hit, with 40 million of the estimated 60 million affected globally residing in East and Southern Africa.