Economy of Burundi

Burundi's economy on brink amid political turmoil

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Duration: 1:43
Updated: 11 Jun 2015
views: 244

Keep up-to-date with the latest news, subscribe here: http://bit.ly/AFP-subscribe Burundi is on the brink of economic collapse after weeks of violent protests. Follow AFP English on Facebook: https://www.facebook.com/AFPnewsenglish Latest news on AFP English Twitter: https://twitter.com/AFP Share your top stories on Google+ http://bit.ly/AFP-Gplus

wn.com/Burundi's Economy On Brink Amid Political Turmoil

Burundi hopes to become Africa's leading coffee producer

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Duration: 2:04
Updated: 23 Apr 2014
views: 1231
author: Al Jazeera English

Burundi is trying to build a reputation as one of Africa's leading coffee producers. The landlocked country's economy is growing and it has seen a rise in di...

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Burundi - The Challenge of Economic Growth - API

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Duration: 18:12
Updated: 22 Mar 2014
views: 3747
author: Willy Nyamitwe

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Burundi unemployment crisis

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Duration: 2:53
Updated: 30 Sep 2015
views: 48

Political instability lingers Burundi, and many young people say the future looks bleak as the rate of unemployment continues to soar. With a sluggish economy and an increased cost of living, entrepreneurs are now facing bankruptcy due to political uncertainty and tension.

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Political unrest paralyses Burundi's economy

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Duration: 2:10
Updated: 19 Dec 2015
views: 357

Months of violence in Burundi have disrupted daily life and paralysed the economy. Mohammed Adow reports from the capital Bujumbura.

wn.com/Political Unrest Paralyses Burundi's Economy

ChannelsTV Business Correspondent Analyses Burundi Crisis' Effect On The Economy

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Duration: 6:54
Updated: 24 Jun 2015
views: 111

Burundi's economy is already feeling the heat of the crisis in the nation, with analysts warning that the nation could face a serious meltdown. Crisis triggered by demonstrations against the plan by the nation's President to run for a third term. Channels Television's Business Correspondent, Boason Omofaye, gives more insight on the level of crisis in Burundi. For more information log on to http://www.channelstv.com

wn.com/Channelstv Business Correspondent Analyses Burundi Crisis' Effect On The Economy

Economy of Burundi

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Duration: 0:45
Updated: 03 Oct 2015
views: 3

Economy of Burundi wiki Bio Information Biography Data

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Economy of Burundi

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Duration: 4:09
Updated: 27 Dec 2015
views: 1

Economy of Burundi =======Image-Copyright-Info======== License: Creative Commons Attribution-Share Alike 3.0 (CC-BY-SA-3.0) LicenseLink: http://creativecommons.org/licenses/by-sa/3.0/ Author-Info: Worldtraveller Image Source: https://en.wikipedia.org/wiki/File:Fisherman_on_Lake_Tanganyika.jpg =======Image-Copyright-Info======== ☆Video is targeted to blind users Attribution: Article text available under CC-BY-SA image source in video

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Economy dips as unrest grows in Burundi

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Duration: 1:32
Updated: 12 Jun 2015
views: 91

The ongoing political crisis in Burundi is affecting an already struggling economy. International aid groups are threatening to pull out, unemployment is on the rise and prices of basic goods are at an all-time high.

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Massive Fire Takes Out Burundi Marketplace & Economy

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Duration: 2:42
Updated: 10 Feb 2014
views: 62
author: Brett Aljets

Last January, a devastating fire took not only took out Burundi's (know as the "Heart of Africa") main marketplace, but devastated their economy as well.

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Burundi Crisis: Drop in International Assistance And Funding Worsens Economy

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Duration: 2:58
Updated: 31 Jul 2015
views: 33

Nigeria’s ambassador to Burundi says a drastic reduction in assistance from international donors and western countries means millions of Burundians are in for difficult times.

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Burundi Doesn't Have Enough Money To Make Money

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Duration: 2:33
Updated: 12 Jun 2015
views: 8

Burundi hardly has any money or infrastructure. Their best hope may be foreign investment in nickel mining, but political crises hamper any help. Follow Elizabeth Hagedorn: http://www.twitter.com/elizhagedorn See more at http://www.newsy.com Transcript: In Burundi, the world's second-poorest country based on per capita GDP, the economy was beyond bleak even before all this. (Video via Voice of America) The country's latest round of violence, brought on by protests over President Pierre Nkurunziza's re-election bid, spell more trouble for Burundi's shaky economy. (Video via U.S. State Department) Cyclical poverty has haunted the country since the eruption of a 12-year civil war in 1993, which left Burundi with hardly any money and little infrastructure. Burundi's best hope for the future lies in two places: across the sea and under the ground. Burundi houses about six percent of the world's nickel reserves with one of the 10 largest undeveloped nickel deposits in the world. Even though nickel is down in world metal markets, this kind of resource could help get the country a little bit of revenue to help the economy and ease poverty— if Burundi had the resources to start mining. (Video via Victory Nickel) In short, Burundi is so poor that it doesn't have enough money to start making money, which is why it needs help from foreign investors like the Kermas Group. The Kermas Group, based in the U.K., is the majority owner of Burundi Mining Metallurgy, a South African company that purchased a Burundi mining site in 2014. That mine will also be 15 percent owned by the Burundi government, meaning that some mining revenue will finally start flowing in the country's budget, even if most of the money is going back to Britain and South Africa. (Video via CCTV Africa) The foreign owners of the site will also provide the cash to build energy resources. Even independently owned mines that employ Burundians can help inject some money into the economy. Still, Burundi's ideal investment situation involves an international agency with money helping the government make money. (Video via NTV Uganda) Burundi has been trying desperately to attract foreign investment for a few years now, offering tax exemptions and investment incentives to companies who buy land and employ Burundi workers. But again, that process has been stalled by civil unrest. Investors are rarely looking to enter a market where the government is as tenuous as Burundi's— and May's unsuccessful coup attempt didn't do much to reassure the international community. Belgium, Burundi's former colonial ruler and biggest international donor, has threatened to cut off aid to the country if Nkurunziza runs for a third term, which figures to make the country's economic prospects even worse. Burundi is also prone to some of the intense ethnic divisions that have plagued nearby countries like Rwanda and Uganda, which stoke fears of terrorism and possible genocide. (Video via Al Jazeera) So, while political unrest continues to throw Burundian politics into chaos, it also scares off foreign investment in the country— which may be Burundi's best hope for a recovery. Sources: Voice of America http://www.voanews.com/content/burundi-political-crisis-african-union-summit/2816025.html The U.S. State Department https://www.youtube.com/watch?v=7WGo6jmbDkM&feature;=youtu.be&t;=190 Victory Nickel https://www.youtube.com/watch?v=BKh5efIJcZ0 Kermas Investment Group http://www.kermas.com/en/mining/ CCTV Africa https://www.youtube.com/watch?v=uQOma40IS5Y Christine Vaufrey https://www.flickr.com/photos/christing/5669419104/in/photolist-9CZfMf-8nb6iD-mmn43-8gJzeE-8gFi3M-GZwop-9CWk86-7b9D6o-8gJzSh-8gJzEA-8gFhKx-9E3z6f-GZuWy-6pmuVB-GZaHg-9CZfQN-6pqDpf-7dDPQS-GZyzp-GZwqX-8QyRL-8iuYB-GZsGi-8gJzq1-GZDyy-9DZGqM-6pqDsd-9E3zfJ-9UDCPJ-9WEj3z-GZBbQ-9WH9wS-9SQqSS-GZvmQ-GZA6B-GZoss-GZr3v-9jwxWX-GZytR-8QyRJ-4M9xaP-GZbzv-GZFtP-GZtAL-GZsjJ-8mRHm3-GZbGg-GZxNJ-GZbLy-GZegX NTV Uganda https://www.youtube.com/watch?v=Nc7ZRl0NBV8 Burundi Investment Promotion Authority http://www.investburundi.com/en/5-reasons-to-invest-in-burundi Burundi Ministry of Energy and Mining http://www.bi.undp.org/content/dam/burundi/docs/publications/Investment%20opportunities%20in%20renewable%20energy%20Burundi.pdf Getty Images http://www.gettyimages.com/detail/news-photo/president-of-burundi-pierre-nkurunziza-and-u-s-secretary-of-news-photo/453171148 Al Jazeera https://www.youtube.com/watch?v=8dbLFqK-ReA Image via: Getty Images / Alex Wong http://www.gettyimages.com/detail/news-photo/president-of-burundi-pierre-nkurunziza-makes-remarks-to-news-photo/453171124

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USA: UN AMBASSADOR HOPES TO GET ECONOMIC EMBARGO ON BURUNDI LIFTED

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Duration: 2:16
Updated: 21 Jul 2015
views: 0

Natural Sound/French/Spanish/English Burundi's United Nation's ambassador went before the Security Council in hopes of getting an economic embargo imposed by African nations against his strife-torn country lifted. He said the embargo, imposed after a military coup toppled a civilian government earlier this summer - was hurting civilians and urged the United Nations not to impose additional sanctions. Some want to take it a step further. Chile and other nonaligned Security Council members are looking for an arms embargo against Burundi. But no action is expected on that right away. Burundi's ambassador told the U.N. Security Council on Wednesday that a proposed arms embargo against his country would be a windfall for guerrillas fighting the government. Nsanze Terence also said an economic embargo imposed by African nations was strangling his country's economy and leaving hospitals short of medicine. SOUNDBITE: (French) "The establishment of the new regime through special channels and because of national imperatives, was required because of a historic patriotism, to save a people, about to be destroyed. The path chosen by Burundi by endorsing this change of regime is not the sole exception to democracy. There are many forms of democracy in the world, in Africa and our region, in practise and in principle." SUPERCAPTION: Nsanze Terence, UN Ambassador from Burundi The embargo was imposed August. 9 after Pierre Buyoya, an army Major from the minority Tutsi tribe, ousted the government and seized power. The United Nations Security Council was meeting, at Terence's request, to discuss the economic embargo. Conor Murphy, Deputy Ambassador from the Republic of Ireland, speaking on behalf of the European Union, as well as other European countries called on all sides to 'stop the violence.' SOUNDBITE: (English) "The European Union has followed closely the evolving situation in Burundi. It has expressed its deep concern at the disturbing developments there, most recently on 19 August 1996. We have taken the opportunity of this debate today to call on all sides to stop the violence and commit themselves to and work actively towards a negotiated and peaceful resolution of the crisis." SUPERCAPTION: Conor Murphy, Deputy Ambassador to the UN from the Republic of Ireland Chilean Ambassador Juan Somavia urged the council to impose an arms embargo. SOUNDBITE: (Spanish) "Every weapon that reaches Burundi is a weapons which is aimed mainly at killing an unarmed civilian." SUPERCAPTION: Juan Somavia , UN Ambassador from Chile Current Security Council president Antonius Eitel of Germany also called for the violence to end. SOUNDBITE: (English) "The situation in Burundi remains a matter of deep concern to us. We remain in particular, deeply disturbed by reports of massacres of civilians, which seem to continue unabated in Burundi. The violence in Burundi must stop." SUPERCAPTION: Antonius Eitel, President, UN Security Council In addition to the United Nations sanctions, the African nations that imposed sanctions on Burundi after the military coup will meet September 6 in Arusha, Tanzania to assess the effectiveness of the measures intended to force the central African nation to return to constitutional rule. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/536715089cb7b78fd20a81ad81910182 Find out more about AP Archive: http://www.aparchive.com/HowWeWork

wn.com/USA Un Ambassador Hopes To Get Economic Embargo On Burundi Lifted

IMF Lends Burundi $6.9M to Bolster Economy Prior to Elections

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Duration: 2:39
Updated: 01 Apr 2015
views: 0

The International Monetary Fund said Wednesday that it would lend Burundi $6.9 million to shore up the aid-dependent central African nation, months before a presidential election in June. Tensions are running high in the landlocked nation, which is tentatively emerging from more than a decade of civil war, because of a dispute over whether current President Pierre Nkurunziza can run for another term in a vote on June 26. The IMF also said it would lend Burundi $13.9 million in 2016 to "help strengthen the management of public finances and consolidate the country's economic reform program." The funds are part of IMF's Extended Credit Facility regime, a financial support program for low-income countries that carries a zero interest rate. Burundi has received about $41.6 million through the program over the last three years. "The near-term economic outlook remains challenging, and prudent policies will continue to be needed in the face of uncertainties in the external environment, and in the run-up to the 2015 national elections," Mitsuhiro Furusawa, acting chair of the IMF's executive board, said in a statement. Just under half of Burundi's planned 1.5 trillion franc ($966 million) budget for 2015 will be funded by international donors, according to a plan approved by parliament last year. With a population of about 10 million, Burundi faces its worst political crisis since emerging from a 12-year civil war in 2005. Neighbors and Western donors fear the problems could spark more unrest in a volatile region of the continent. Regional leaders and senior officials in Burundi's ruling party have urged Nkurunziza to abandon his quest for a third term to avoid renewed violence, but so far there is no indication he will step aside. The IMF said Burundi's economic growth picked up slightly in 2014, while inflation fell "markedly," thanks to falling global fuel and food prices and the country's sound monetary policy. Burundi's annualized inflation rate dropped sharply to 1.2 percent in February from 3.5 percent in January, helped by lower costs for housing, water and electricity. The IMF said Burundi should focus on strengthening its tax administration, raising agricultural productivity, alleviating infrastructure bottlenecks, expanding credit access and deepening regional integration. The global lender also urged Burundi to borrow on concessional terms in the future.

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Political Unrest Pushes Burundi Closer to Economic Collapse - WW3

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Duration: 6:48
Updated: 20 Jun 2015
views: 12

Political Unrest Pushes Burundi Closer to Economic Collapse BUJUMBURA, Burundi — In a circular ward of the Prince Regent Charles Hospital, a facility that speaks of better days in this central African country, Armel Manirambona lay on a bed under a white blanket that covered a bullet wound in his abdomen and damage to his colon and liver. “We were running in the street, and then I was shot,” said Mr. Manirambona, 27, an information technology worker with a university degree who lives in the Buterere neighborhood in Bujumbura, the capital. “I don’t remember anything.” Mr. Manirambona is one of scores of people who have been wounded in recent days while demonstrating against President Pierre Nkurunziza, whose pursuit of a third term in office has thrown the country into crisis. The protests have been met harshly by security forces, and at least 20 people have been killed, including two on Thursday, the Red Cross reported. Mr. Nkurunziza’s bid, announced on April 25, is raising questions because the Constitution says a president’s five-year mandate may be renewed only once. His contention, rejected by opponents, is that his first term should not count toward the limit because he was initially elected in 2005 by Parliament, not voters. After almost a month of daily protests and the failure of a coup attempt on May 14, the crisis has begun to take a severe toll on the economy and daily life of the country, and seems only to be getting worse. Burundi, one of the world’s poorest countries, depends on foreign aid for more than half of its national budget. On Thursday, Belgium, the country’s biggest donor and former colonial ruler, warned Mr. Nkurunziza that it would cut off all aid if he went ahead with plans to run in the election, scheduled for June. “A third presidential term would stain at the highest level the legitimacy of the Burundi executive, and would make the completion of the bilateral program impossible,” the Belgian Foreign Ministry said in a statement. The country’s currency, the Burundian franc, has been falling against the dollar, prompting many Burundians to rush to exchange francs for hard currency before it weakens further. Analysts say the country’s tax collection system has ceased to function, imperiling the livelihoods of tens of thousands of government employees in the capital and other cities.

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Insight on Burundi's economic landscape

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Duration: 13:33
Updated: 15 May 2015
views: 136

Burundi maybe politically unstable with a coup attempt against President Pierre Nkurunziza over his bid to be re-elected to a third term. But what does the economic landscape and invest potential in the East Africa county look like? CNBC Africa's Tshepo Modiba is joined by Brian Dlamini, from Afriwise Consult to answer this and more.

wn.com/Insight On Burundi's Economic Landscape

HAPPY BURUNDI (Official)

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Duration: 4:30
Updated: 05 Sep 2014
views: 32125
author: TheAkilahInstitute

Akilah Institute for Women is the only women's college with campuses in Rwanda and Burundi. Support the students of Akilah Burundi!: http://akilahinstitute.o...

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Burundi: Fears of an economic slump as tensions deepen

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Duration: 2:29
Updated: 25 Jun 2015
views: 5

As political tensions continue to simmer in Burundi over President Pierre Nkurunziza's plan to run for a third term, analysts warn that the country could face an economic meltdown. The aid-reliant nation plunged into turmoil in April, when violent anti-government protests began. CCTV's Noel Mwakugu reports

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Effects of Burundi Crisis

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Duration: 3:43
Updated: 28 Dec 2015
views: 185

Influx of refugees to neighboring countries has become a burden. Also the Burundian economy is undergoing paralysis.

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Economic crisis in Burundi amid political unrest

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Duration: 2:33
Updated: 17 Jul 2015
views: 1

While protests have raged against President Nkurunziza's bid for a third term, many are now focused on economic survival

wn.com/Economic Crisis In Burundi Amid Political Unrest

Burundi/Rwanda - Economic sanctions

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Duration: 2:23
Updated: 21 Jul 2015
views: 0

T/I 10:04:44 Humanitarian workers in Burundi have predicted death and famine in the country unless economic sanctions are lifted. Health ministers from across Africa have also urged states bordering Burundi to lift the embargo so food and medical aid can reach civilians. Only limited humanitarian aid has been allowed through the blockade. More than 150,000 people have died in ethnic violence in Burundi since 1993 when the country's first democratically elected Hutu president was assassinated by Tutsi paratroopers. SHOWS: BUJUMBURA, BURUNDI RECENT At Carl and Helen Johnsons' Hutu refugee camp Vs refugees Children playing People in groups Vs camp SOT Carl and Helen Johnson: "There's death and famine in the camp. Even if they had the money they couldn't buy enough food to feed the people."; PAN petrol station Vs people lining for petrol Vs people filling up WS street scene PAN market place MS food for sale Vs people at market SOT Ministrey of Defence Lt. Col Longin Menani in English: "The sanctions have been unfairly put to us, they're not justsifed, our neighbouring countries and the international community are responsible for what happens to our people." MUYIRA, BURUNDI Paratrooper unit overlooking hills Vs paratroopers on patrol Paratroopers training guns on targets 2.23 You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/580f13146d0cd8ed249a2e05e735b712 Find out more about AP Archive: http://www.aparchive.com/HowWeWork

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Burundi Crisis

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Duration: 1:51
Updated: 02 Jun 2015
views: 5

Burundian police fired on protesters in the streets Bujumbura Tuesday in renewed protests against President Pierre Nkurunziza’s decision to run for a third term. A weekend summit of African leaders failed to convince President Nkurunziza to halt his bid. Meanwhile, the turmoil is taking its toll on locals in terms of education and economic activity. VOA’s Vincent Makori reports and later VOA’s Esther Githui–Ewart reports on Burundi’s economy.

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The girl effect: Economic development for girls in Burundi

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Duration: 9:09
Updated: 14 Apr 2014
views: 2583
author: girleffect

Girls from Burundi in Africa tell us how CARE's Ishaka project has economically and socially empowered them - unleashing the girl effect through education an...

wn.com/The Girl Effect Economic Development For Girls In Burundi

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Burundi's economy on brink amid political turmoil

Burundi hopes to become Africa's leading coffee producer

Burundi - The Challenge of Economic Growth - API

Burundi unemployment crisis

Political unrest paralyses Burundi's economy

ChannelsTV Business Correspondent Analyses Burundi Crisis' Effect On The Economy

Economy of Burundi

Economy of Burundi

Economy dips as unrest grows in Burundi

Massive Fire Takes Out Burundi Marketplace & Economy

Burundi Crisis: Drop in International Assistance And Funding Worsens Economy

Burundi Doesn't Have Enough Money To Make Money

USA: UN AMBASSADOR HOPES TO GET ECONOMIC EMBARGO ON BURUNDI LIFTED

IMF Lends Burundi $6.9M to Bolster Economy Prior to Elections

Burundi

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Pure Finnish Rock: Poko Rekordsin historia 1977-2004

Burundi's economy on brink amid political turmoil

Burundi hopes to become Africa's leading coffee producer

Burundi - The Challenge of Economic Growth - API

Burundi unemployment crisis

Political unrest paralyses Burundi's economy

ChannelsTV Business Correspondent Analyses Burundi Crisis' Effect On The Economy

Economy of Burundi

Economy of Burundi

Economy dips as unrest grows in Burundi

Massive Fire Takes Out Burundi Marketplace & Economy

Burundi Crisis: Drop in International Assistance And Funding Worsens Economy

Burundi Doesn't Have Enough Money To Make Money

USA: UN AMBASSADOR HOPES TO GET ECONOMIC EMBARGO ON BURUNDI LIFTED

IMF Lends Burundi $6.9M to Bolster Economy Prior to Elections

Political Unrest Pushes Burundi Closer to Economic Collapse - WW3

Insight on Burundi's economic landscape

HAPPY BURUNDI (Official)

Burundi: Fears of an economic slump as tensions deepen

Effects of Burundi Crisis

Economic crisis in Burundi amid political unrest

Burundi/Rwanda - Economic sanctions

Burundi Crisis

The girl effect: Economic development for girls in Burundi

Burundi's economy on brink amid political turmoil

Burundi hopes to become Africa's leading coffee producer

Burundi - The Challenge of Economic Growth - API

Burundi unemployment crisis

Political unrest paralyses Burundi's economy

ChannelsTV Business Correspondent Analyses Burundi Crisis' Effect On The Economy

Economy of Burundi

Economy of Burundi

Economy dips as unrest grows in Burundi

Massive Fire Takes Out Burundi Marketplace & Economy

Burundi Crisis: Drop in International Assistance And Funding Worsens Economy

Burundi Doesn't Have Enough Money To Make Money

USA: UN AMBASSADOR HOPES TO GET ECONOMIC EMBARGO ON BURUNDI LIFTED

IMF Lends Burundi $6.9M to Bolster Economy Prior to Elections

Political Unrest Pushes Burundi Closer to Economic Collapse - WW3

Insight on Burundi's economic landscape

HAPPY BURUNDI (Official)

Burundi: Fears of an economic slump as tensions deepen

Effects of Burundi Crisis

Economic crisis in Burundi amid political unrest

Burundi/Rwanda - Economic sanctions

Burundi Crisis

The girl effect: Economic development for girls in Burundi

Burundi's economy on brink amid political turmoil

Burundi hopes to become Africa's leading coffee producer

Burundi - The Challenge of Economic Growth - API

Burundi unemployment crisis

Political unrest paralyses Burundi's economy

ChannelsTV Business Correspondent Analyses Burundi Crisis' Effect On The Economy

Economy of Burundi

Economy of Burundi

Economy dips as unrest grows in Burundi

Massive Fire Takes Out Burundi Marketplace & Economy

Burundi Crisis: Drop in International Assistance And Funding Worsens Economy

Burundi Doesn't Have Enough Money To Make Money

USA: UN AMBASSADOR HOPES TO GET ECONOMIC EMBARGO ON BURUNDI LIFTED

IMF Lends Burundi $6.9M to Bolster Economy Prior to Elections

Burundi's economy on brink amid political turmoil...