Tanzania, Rwanda and Burundi plan to raise $3.5 billion to build a regional railway line aimed at boosting investment in the region, Tanzanian President Jakaya Kikwete said.
Burundi’s annual economic growth rate is expected to stabilize at 5 percent between 2013 and 2015 as the East African country rebuilds after a civil war, the International Monetary Fund said.
Belgium agreed to help Burundi implement a mineral-certification program aimed at curbing the illegal exploitation of natural resources in the East African country and the region.
Burundi more than doubled revenue collection in April to 46 billion Burundian francs ($37 million) from 22.9 billion francs a year earlier, the Burundi Revenue Authority said.
Burundi is facing a shortfall of nearly a fifth of its electricity demand because of a shortage of rainwater to run hydropower dams, the East African nation’s power and water distribution company Regideso said.