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Economy of Burundi and business opportunities

Economy of Burundi

Burundi is a landlocked, resource-poor country with an underdeveloped manufacturing sector. The mainstay of the Burundian economy is agriculture, accounting for 54% of GDP in 1997. Agriculture supports more than 70% of the labour force, the majority of whom are subsistence farmers. Although Burundi is potentially self-sufficient in food production, the ongoing civil war, over population, and soil erosion have contributed to the contraction of the subsistence economy by 25% in recent years. Large numbers of internally displaced persons have been unable to produce their own food and are largely dependent on international humanitarian assistance. Burundi is a net food importer, with food accounting for 17% of imports in 1997.

Industry

Little industry exists except the processing of agricultural exports. Although potential wealth in petroleum, nickel, copper, and other natural resources is being explored, the uncertain security situation has prevented meaningful investor interest. Industrial development also is hampered by Burundi's distance from the sea and high transport costs. Lake Tanganyika remains an important trading point. The trade embargo, lifted in 1999, negatively impacted trade and industry. Since October 1993 the nation has suffered from massive ethnic-based violence which has resulted in the death of perhaps 250,000 people and the displacement of about 800,000 others. Foods, medicines, and electricity remain in short supply.

Burundi is heavily dependent on bilateral and multilateral aid, with external debt totalling $1.247 billion (1.247 G$) in 1997. A series of largely unsuccessful 5-year plans initiated in July 1986 in partnership with the World Bank and the International Monetary Fund attempted to reform the foreign exchange system, liberalize imports, reduce restrictions on international transactions, diversify exports, and reform the coffee industry.

The World Bank has identified key areas for potential growth, including the productivity of traditional crops and the introduction of new exports, light manufactures, industrial mining, and services. Other serious problems include the state's role in the economy, the question of governmental transparency, and debt reduction.

In 2014, the average size for a farm was about one acre. FP added that "The consequence is remarkable scarcity: In the 2013 Global Hunger Index, Burundi had the severest hunger and malnourishment rates of all 120 countries ranked.

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Summary:
Rice Seeds For The 2024 Agricultural Season C Open New Window
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
23 Apr 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
Purchase Of Warehouse Adjustable Shelving Racks Open New Window
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
12 Apr 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
RENEWAL OF TECHNICAL SUPPORT ON THE IP TELEPHONE SYSTEM
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
15 Apr 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
RECRUITMENT OF A CONSULTANT IN CHARGE OF THE SECURITY OF THE COMPUTER NETWORK OF BURUNDI EDUCATION AND RESEARCH NETWORK – BERNET
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
12 Apr 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
Recruitment of a consultant responsible for the security of the BERNET computer network
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
12 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Recruitment of an individual consultant responsible for developing the implementing texts of the commercial code
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
09 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Recruitment of a local NGO to support PAPs and the implementation of Resettlement Action Plans (PARs)
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
08 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Long-Term Agreement for Production and Printing services for visibility and screen printing materials
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
12 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Provision of audit services for the accounts of the National Secretariat
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
08 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Recruitment of an Individual Consultant to Develop the Implementing Texts of the Code of Commerce
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
09 Apr 2024
Posting Date:
27 Mar 2024