Burundi Business
• Main exports: Coffee, tea, sugar, cotton and hides.
• Main imports: Capital goods, petroleum products and foodstuffs.
• Main trade partners: Switzerland, Germany, Belgium, Thailand, USA, Italy, Japan, Kenya, Tanzania, Uganda, France, Rwanda and Zambia.
Economy
The country’s small mining industry produces gold, tin, tungsten and tantalum. Deposits of vanadium, uranium and nickel (perhaps 5% of known global reserves) have also been located and are due to be exploited in the near future. Oil deposits are believed to be present, although the quantities are unknown. Manufacturing is confined to small textile concerns.
Burundi has economic cooperation agreements with Rwanda and the Democratic Republic of Congo through the Economic Community of the Great Lakes Countries and is a member of the Common Market for Eastern and Southern Africa (COMESA) and of the International Coffee Organisation. Burundi is also a member of the African Union (AU) and the World Tourism Organisation.
As one of the poorest countries in the world, with an annual per capita income of just US$100, Burundi remains heavily dependent on foreign aid, principally from France, Germany, Belgium (these three are also its major sources of imports), the EU and the World Bank.
Burundi’s major export markets are the countries of the CFA Franc zone, which take approximately one-third of the total.
The economy was expected to grow by 4% in 2006, while inflation was expected to be 11%.
Business Etiquette
Office hours: Mon-Fri 0730-1200 and 1400-1730.
Business Contacts
BP 313, Bujumbura, Burundi
Tel: 222 280.
Intercontact (Information on Conferences/Conventions)
BP 982, 19 rue de l’Industrie, Bujumbura, Burundi
Tel: 226 618 or 666.
Website: www.intercontactservices.com
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