Multinational effort brings the first solar field to Burundi

BURUNDI – A multinational effort to bring solar power to Burundi has been realized with the commercial operation of the country’s first-ever solar field.   The pioneering 7.5 MW solar PV plant has increased Burundi’s generation capacity by over 10% and is the country’s first substantial energy generation project to go online in over three decades, supplying clean power to…

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EDFI and GET.invest to inject US$12.34m in renewable energy in Burundi

BURUNDI – The European Union (EU) is launching its EDFI ElectriFI and GET.invest programs with the aim of encouraging private investment in renewable energy in Burundi. The aim of this funding is to support the electrification of Burundi, one of the least developed countries on the African continent. The first is the EDFI ElectriFI (Electrification Financing Initiative) program, which is…

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AfDB grants US$29m to facilitate access to energy in Burundi

BURUNDI – The Board of Directors of the African Development Fund approved, on September 17, a donation of US$ 28.9 million to Burundi to carry out the first phase of its Energy Access Project. The African Development Fund, the Bank Group’s concessional window, will provide funding of US$12.01 million and the Transition Support Facility, a Bank fund intended for countries…

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World Bank approves additional US$54.6m financing to strengthen Burundi’s health system

BURUNDI – The World Bank has approved an additional financing of US$54.6 million for the Health System Support Project (KIRA), in Burundi. Like the parent project, this additional financing from the International Development Association (IDA) aims to increase the use of quality Reproductive, Maternal, Neonatal, Child and Adolescent Health services. In the event of an eligible crisis or emergency, a…

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Trade and Development Bank launches US$75m SME off-grid facility

BURUNDI – The Trade and Development Bank (TDB), formerly PTA Bank, has launched a US$75 million TDB Small and Medium Enterprise Off-Grid Facility which will facilitate access to debt financing for Small and Medium Enterprises (SMEs). Primarily targeted at renewable energy SMEs in the off-grid energy sector, the facility is also available to SMEs in the broader infrastructure value chain…

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OPEC Fund gives Burundi US$20m loan to strengthen food security

BURUNDI – The OPEC Fund for International Development (OFID) has signed a US$20 million public sector loan agreement with Burundi to co-finance a project that will improve food security, expand access to marketplaces and social services, and strengthen the resilience of agricultural production systems. More than 700,000 people in the central plateau region in Burundi are expected to benefit. Burundi…

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Burundi to revive national carrier “Burundi Airlines” in 2021

BURUNDI – The government of Burundi has revealed plans to launch a national carrier dubbed Burundi Airlines. The government’s planned launch comes 11 years after the failure of Air Burundi, the previous national airline. The country cabinet says that Burundi Airlines will be a merger of the fallen predecessor, Air Burundi, and Société Burundaise de Gestion des Entrepôts et d’Assistance des Avions…

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AfDB grants Burundi US$20m for climate resilience of farmers

BURUNDI – The African Development Bank (AfDB) has granted US$20.55 million to support farmers affected by climate change phenomenon. The project to support the sustainable development of agriculture and livestock value chains in Burundi (PADCAE-B) is expected to start soon after the initiative received funding of USD 20.55 million from the African Development Bank (AfDB). Part of the financing, US$12.83…

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