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Réseau Des Institutions De Microfinance
The Network of Microfinance Institutions (), or RIM is a non-profit association of microfinance institutions in Burundi. Origins The six founding members of the Network of Microfinance Institutions were the National Bank for Economic Development (BNDE), the Financial Company for Development (COFIDE), the Cooperative Fund for Savings and Mutual Credit (Coopératives d'Épargne et de Crédit (Burundi), CECM), the Municipal Development Fund (, FDC), Twitezimbere ASBL and the Cooperative for Solidarity with Peasants for Savings and Credit (COSPEC). They wanted a framework to discuss their policies and strategies, to professionalize the sector and to establish a sustainable partnership system. The RIM was approved by ministerial order no. 531/119 of 22 February 2002. As of 2024, it had 37 member institutions, accounting for 99% of microfinance volume in Burundi, as well as the BNDE financial institution. It is governed by the law on non-profit organizations, and by its statutes and int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bujumbura
Bujumbura (; ), formerly Usumbura, is the economic capital, largest city and main port of Burundi. It ships most of the country's chief export, coffee, as well as cotton and tin ore. Bujumbura was formerly the country's political capital. In late December 2018, Burundian president Pierre Nkurunziza announced that he would follow through on a 2007 promise to return Gitega its former political capital status, with Bujumbura remaining as economical capital and center of commerce. A vote in the Parliament of Burundi made the change official on 16 January 2019, with all branches of government expected to move to Gitega within three years. History Bujumbura grew from a small village after it became a military post in German East Africa in 1889. After World War I it was made the administrative center of the Belgium, Belgian League of Nations mandate of Ruanda-Urundi. The name was changed from Usumbura to Bujumbura when Burundi became independent in 1962. Since independence, Bujumbura ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Burundi
Burundi, officially the Republic of Burundi, is a landlocked country in East Africa. It is located in the Great Rift Valley at the junction between the African Great Lakes region and Southeast Africa, with a population of over 14 million people. It is bordered by Rwanda to the north, Tanzania to the east and southeast, and the Democratic Republic of the Congo to the west; Lake Tanganyika lies along its southwestern border. The political capital city is Gitega and the economic capital city is Bujumbura. The Great Lakes Twa, Twa, Hutu and Tutsi peoples have lived in Burundi for at least 500 years. For more than 200 of those years, Burundi was an independent Kingdom of Burundi, kingdom. In 1885, it became part of the German colony of German East Africa. After the First World War and German Revolution of 1918–19, Germany's defeat, the League of Nations mandated the territories of Burundi and neighboring Rwanda to Belgium in a combined territory called Rwanda-Urundi. After the Se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COFIDE
The Development Finance Company (, COFIDE) is a microcredit bank in Burundi. Foundation COFIDE was founded on 14 May 2000, the first bank in Burundi to establish its head office in a rural area, as a financial institution for the poorest people. It financed coffee producers, the newly founded University of Ngozi, students, housing and small businesses. COFIDE provided microcredit, relatively small amounts of assistance where the operational costs and/or risk of non-recovery were relatively high. On 17 July 2000 it was reported that Pascal-Firmin Ndimira, a former prime minister of Burundi, was going to take charge of COFIDE. He had headed the Burundi Financial Society (, SBF) since August 1998, but had informed his superiors who had accepted his resignation. They included the governor of the central bank, the minister of finance and the president of Burundi. Community bank COFIDE complemented the action of commercial banks in Ngozi Province in the north of Burundi, without co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coopératives D'Épargne Et De Crédit (Burundi)
''Coopératives d'Épargne et de Crédit'' (Savings and Credit Cooperatives), or COOPECs, are microfinance savings and loans cooperatives serving low income people in Burundi. FENACOBU is the umbrella organization for the cooperatives. Background There were systems to mobilize peasant savings in Burundi before 1980, but they were ineffective. In 1981 the Burundian Ministry of Communal Development approached the ''Centre International du Crédit Mutuel'' (CICM) of France to request assistance in establishing and developing a Mutual Credit system in Burundi. The CICM began work in Burundi in 1981 and 1982 to enable the formation of rural savings and loans cooperatives (COOPECs). On 20 March 1984 agreement No. 283/C/DPL/83/BUR was signed between the Government of Burundi, the French Ministry of Cooperation and the CICM. The COOPEC Central Office was established to lead the process of setting up COOPECs. Four financing agreements totalling 20,300,000 French Francs were signed be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Twitezimbere ASBL
Twitezimbere ASBL is a non-profit association serving low income peasant farmers in Burundi. It assists them in adopting good farming and business practices, obtaining micro-credit, finding markets and so on. Challenges include illiteracy, traditional biases about women's roles, potential environmental damage from development projects and rapid population growth. Twitezimbere Microfinance, originating from and associated with Twitezimbere ASDL, is now a public limited microfinance company under the Ministry of Environment, Agriculture and Livestock. Origins Twitezimbere is a Non-Profit Association (ASBL: ) that was created in February 1993 by a group of Burundian civil society organizations. It was governed by Decree-Law number 1/011 of April 18, 1992 on non-profit organizations. On 20 April 1993 the President of the International Development Association recommended a credit of SDR 7.5 Million for a Social Action Project (BURSAP), or in the local language, which would cut across ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of The Republic Of Burundi
The Bank of the Republic of Burundi (, ; BRB) is the central bank of Burundi. The bank was established in 1966 and its offices are in Bujumbura. The Bank is active in promoting financial inclusion policy and is a member of thAlliance for Financial Inclusion It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration during the 2011 Global Policy Forum held in Mexico. The Current governor is Édouard Normand Bigendako. History The central bank evolved step by step: * Royal Decree of 27 July 1887 establishes the franc as the money of account for the Congo Free State, and Burundi is included as well. * Heligoland Agreement of 1890 puts Rwanda and Burundi within the German sphere of influence in Africa; German East African rupie is the official currency; circulation of the French franc continues nonetheless. * As a result of Belgium's actions, the Belgian Congo becomes a member of the Latin M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Fund For Agricultural Development
The International Fund for Agricultural Development (IFAD) is an international financial institution and a specialised agency of the United Nations that works to address poverty and hunger in rural areas of developing countries. It is the only multilateral development organization that focuses solely on rural economies and food security. IFAD is involved in over 200 projects across nearly 100 countries. It funds and sponsors initiatives that improve land and water management, develop rural infrastructure, train and educate farmers in more efficient technologies, build up resilience against climate change, enhancing market accessibility, and more. IFAD has 180 member states with the Organization of the Petroleum Exporting Countries (OPEC) and members of the Organisation for Economic Co-operation and Development (OECD). As of 2021, since its foundation, IFAD has provided US$23.2 billion in loans and grants and coordinated an addition US$31 billion in international and dome ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Companies Of Burundi
The Republic of Burundi is a landlocked country in the African Great Lakes region of Southeast Africa. During the colonial period most large companies were owned and run by Europeans, and operated under concessions from the colonial government. After independence in 1962, the state took over operations of several of the companies. Subsequently the state founded a number of state-owned companies to handle specific sectors of the economy, such as sugar, cotton, textiles, cement, brewing and so on. Later, the state sold part or all of their stake in these companies, but retained the right to control the products or services they offered, and to set prices. Notable firms This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
