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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.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Burundi"

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Burundi Economy Burundian Economy, business opportunities in Burundi.
Summary:
Acquisition of office equipment (1GPS, 1 Anglometer, 1 camera)
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
05 Jun 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Fourniture et mise en service du matériel scientifique pour 50 réseaux scolaires
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
22 May 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Supply of 2,533 bicycles for Community Health Workers
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
13 May 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Recruitment of a for the development of green infrastructure policy and regulatory guidelines
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
13 May 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Recruitment of an Accountant 2 from PAFEN
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
10 May 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
SUPPLY OF STOCK MATERIALS FOR THE MAINTENANCE OF INSS BUILDINGS Lot n°1 - TECHNICIANS’ TOOLS Lot n°2: - PLUMBING EQUIPMENT Lot n°3 - CARPENTRY AND MASONRY EQUIPMENT Lot No. 4: - ELECTRICAL EQUIPMENT
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
30 Apr 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
SUPPLY OF VEHICLE TIRES AND HANDLING MACHINERY SUPPLIES TO CAMEBU
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
26 Apr 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
EXTENSION WORKS OF 3 CLASSROOMS AT ECOFO CABARA I, 3 CLASSROOMS AT ECOFO MUTAMBARA III, 2 CLASSROOMS AT ECOFO GATETE I, 2 CLASSROOMS AT ECOFO RUHONGO AND 2 CLASSROOMS AT ECOFO KIZUKA.
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
RECRUITMENT OF A CONSULTANT/ OFFICE IN CHARGE OF DRAFTING THE PERFORMANCE CONTRACT BETWEEN REGIDESO AND THE STATE OF BURUNDI
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
02 May 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
PURCHASE 2,533 BIKES - DELIVERY TO BUJUMBURA
Country:
Burundi
 
Notice Type:
Tender Notice
Deadline:
13 May 2024
Posting Date:
23 Apr 2024