Browsing: Burundi’s Economy

Burundi's agricultural sector
  • AfDB grant aims to enhance Burundi’s productivity by four to five times and bolster agro-processing for increased domestic and export food availability.
  • It also promises significant economic diversification, creating jobs, improving food security and nutrition, and strengthening regional trade.
  • This investment can help safeguard the livelihoods of countless farmers against the increasing unpredictability of weather patterns due to climate change.

The African Development Bank (AfDB) has announced $80 million grant to bolster Burundi’s agricultural sector and transform the nation’s agricultural industry.

AfDB’s Director General for East Africa, Nnenna Nwabufo, revealed this financial pledge after meeting with Burundian Prime Minister Gervais Ndirakobuca in Bujumbura. This funding is poised to multiply the sector’s productivity by four to five times, with a keen focus on enhancing agro-processing capabilities to not only increase the availability of food within Burundi but also boost its export potential.

The collaboration between the AfDB and the Burundian government …

World Bank approves $160m to uplift Burundi communities through solar

The World Bank approved two grants worth $160 million from the International Development Association (IDA) to help Burundi improve essential services through solar power and local development in rural and remote areas.

Solar Energy in Local Communities (SOLEIL) will get $100 million in subsidies which aims to increase access to energy in Burundi by almost 100 per cent by electrifying schools, businesses, families and centres of the less privileged communities in the country.

More than 91,000 households, 4,000 SMEs, 400 health centres and 500 schools will have access to electricity all du to solar energy. 400 schools and 300,000 households will also have ecological fireplaces.

The remaining $60 million from the IDA will go to Integrated Community Development. The project will improve access to basic services and economic opportunities and nutrition for the less privileged populations in the country, including refugees. The project will also allow the creation of 1,000 …