African Union launches s 

Tuesday, December 10, 2013 

PTA Bank ponders return to Bujumbura

BUJUMBURA, Burundi--Nineteen years after the transfer of PTA Bank headquarters to Nairobi in Kenya, there is talk of returning the bank back to Bujumbura, Burundi. 

Admassu Tadesse, the Chairman of PTA Bank, said what remains, is to redevelop the original building to become the centre of a future financial hub. Insecurity forced the move to Nairobi

He was in talks with the Burundi Second Vice-President, Gervais Rufyikiri recently. 

Tadesse was Bujumbura to attend the meeting of the Board of COMESA (Common Market for Eastern and Southern Africa). The two focused on the financial situation of the bank, the return of the bank's headquarters to Bujumbura and the PTA Bank areas of intervention.

Tadesse said the bank is doing very well financially and that its intervention is centered especially on the financing of commercial and development activities. However there are also special funds for social activities in favour of children and other vulnerable categories. 

Second Vice President Rufyikiri reassured Tadesse that Burundi was now stable. He also briefed Tadesse on the sectors which would welcome investment, including agriculture, tourism, hospitals and health care centres, food processing industry, transport infrastructures and energy.

Second Vice President Rukyikiri invited investors to come to Burundi to take advantage of the PTA Bank funding once its headquarters returned to Bujumbura. He offered spoke of the incentives provided by the government to encourage business in Burundi. 

By Claudine Nzigiyimana, Tuesday, December 10th, 2013