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    Petrol to sell for GHS15 in February – IES

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

    Govt strikes deal with Insurance Association on debt exchange programme

    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

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    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

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    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

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Burundi tax revenues miss target in February: revenue authority

bycitibusinessnews
March 8, 2016
in Africa, Business, East Africa, Top Stories
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Burundi’s tax revenue rose marginally in February to 43.9 billion francs ($26.9 million) compared with the same period a year ago but was 8.7 percent short of an official target for the month, figures released by the revenue authority showed.

Burundi, a poor nation that relies heavily on tea and coffee production, was plunged into crisis in April last year when President Pierre Nkurunziza said he would seek a third term, which he went on to secure in a disputed July election.

Opponents say the president violated the constitution and a peace deal that ended a civil war a decade ago by running again. The government cites a constitutional court ruling that said he could run. More than 400 people have been killed in violence.

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Figures released from Burundi’s OBR revenue authority on Monday showed the 43.9 billion francs collected in February this year was 4.2 billion francs short of the target for the period.

In February 2015, before the political crisis erupted, the OBR said it had collected 43.8 billion francs.

“The OBR reaffirms its commitment to continue its mission to maximize revenue collection to support the Burundian economy,” it said in a statement.

–

Source:CNBC Africa

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