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Fighting Flares After Burundi Army Chief Says Coup Attempt Failed

AFRICANGLOBE - The head of Burundi's army said on Thursday that an attempted coup had failed and forces loyal to President Pierre Nkurunziza were in control but heavy gunfire in the capital suggested the battle for power was not yet over.

Italian Nuns Murdered In Burundi

AFRICANGLOBE - Three elderly Italian nuns were murdered in twin attacks in their convent in the capital of Burundi, police said Monday as a hunt was launched for their killers. Police initially reported that two nuns were stabbed to death on Sunday afternoon.

East Africa to Accept Regional Currencies

AFRICANGLOBE - Residents of Kenya, Rwanda, Uganda, Burundi and Tanzania will now be able to travel with their respective national currencies in other East African Community (EAC) countries and make digital cross-border cash transactions in real time.

East Africa’s $64bn Power Plan to End Energy Woes

AFRICANGLOBE - The East Africa region plans to spend $64 billion on joint power projects to generate eight times more power, and end crippling energy woes that have slowed economic growth. The new spending plan released last week shows that the joint power project aims to generate 26,649 MW of energy by 2038. This is more than eight times the current 3,670MW produced in the EAC.

Railway in the Pipeline to Link Tanzania, Burundi and Rwanda

AFRICANGLOBE - The construction of a railway line to link three countries will commence in March, this year following the completion of a feasibility study and will be financed by the African Development Bank (AfDB) and United State Trade and Development Agency (USTDA). Addressing an inter ministerial meeting in Dar es Salaam on Friday, Tanzania's Minister for Transport, Dr Harrison Mwakyembe, said the railway line would overturn the current trend whereby a big chunk of goods is moved by road as opposed to rail.

East African Integration On Track As Tanzania Signs

Tanzania finally signed a crucial report to fast-track the East African Community integration after its complaints were addressed by the Heads of State and Government in a Summit in Bujumbura.

Burundi Joins Club of East Africa's Capital Markets Regulators

Burundi has joined the umbrella body for regional capital markets regulators, boosting the efforts to deepen East Africa's markets.

South Africa And Burundi Sign Economic Pact

South Africa has signed an economic cooperation deal Saturday that will see Africa's biggest economy investing in the tourism, energy and infrastructure of the central African nation of Burundi.
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