African Union launches s 

Sunday, December 01, 2013 

Burundi holds financial fair

BURUNDI – Leaders of banks, financial and microfinance institutions have been urged to adopt proactive policies for growth and promotion of allocations to agriculture and livestock as well as agricultural entrepreneurship.Different stakeholders in the agricultural sector were gathered in Bujumbura from the 25th to the 27th November, 2013 to showcase products and exchange on ways to improve agricultural production for the fight against poverty and malnutrition.

In his speech at the opening ceremonies, the Second Vice- President of the Republic, Mr Gervais Rufyikiri, stressed that the agricultural sector plays a major role in the economy in that it accounts for 44% of GDP and 99% of export earnings. “This is in view of its importance that the Burundi Vision 2025 and the Strategic Framework for Growth and Fight against Poverty , second generation offer to the modernization and diversification of agriculture and livestock priorities of growth, “ he insisted.
Indeed, he disclosed that the main objective pursued by the Government of Burundi through the organization of this fair is just putting together different actors and stakeholders in the agricultural sector so as to exchange without prevarication the major challenges of the time related to the financing of the agricultural sector and identify the best sustainable solutions to implement to overcome them.
 The fair brings together representatives of banks, financial and micro finance institutions, insurance companies , agro industrialists , organizations of agricultural producers, input and equipment suppliers in order to exchange and debate on a hot and so important topic that is the development of the agricultural sector, the engine of the Burundian economy.

The exchange will include the role of agriculture in the national economy , the strategy for incentive interest rates , financing agricultural value chains , agricultural entrepreneurship , agricultural insurance , rural credit , the issue of financial support to cooperatives and small entrepreneurs, the rural financing , etc.
You should note that the Government of Burundi has already implemented the Maputo Convention which states that each country must affect to the agricultural sector at least 10% of its budget. The evolution of the budget allocated to the Ministry of Agriculture and Livestock since 2010 is an eloquent testimony.
However the Kilimanjaro Regional Commissioner Leonidas Gama said the business people were allowed to do business as usual and such directives were made without the knowledge of the regional authorities.
Gama said anyone is allowed to export crops outside Tanzania if he abides with the laid down regulations.

By Claudine Nzigiyimana, Sunday, December 01st, 2013