Burundi, Bujumbura – M. Didace NGENDAKUMANA, Director of the Burundi Investment Promotion Agency (API) said this Friday, October 20, 2017, that the agency registered nearly 500 companies that will create 3335 jobs. “This is a good record because it shows an increase of 2.8% comparing to the same period in 2016” he revealed. In total, this agency registered 1695 companies.
He also said this third quarter was marked by major activities within the agency to strengthening the ability of investors to accomplish their missions. These activities consisted of informing investors about everything related to the promotion of investment and exportation; assisting and supporting investors and exporters in particular; designing necessary reforms to improve the business climate, calling out administrations in cases of violation of law and regulation related to the promotion of investments and exports.
According to M. Didace NGENDAKUMANA, the agency also intensified meetings with exporters in order to train them on international standards required by the international market, supported and assisted them in strengthening their knowledge on those standards following a finding that some Burundian companies market non-certified products, and as a result, have a negative impact on demands because consumers naturally do not trust products that do not meet manufacturing standards.
He finally concluded that all these achievements could not be made without challenges. He cited, among other challenges; the lack of sufficient material and financial resources in carrying out certain tasks assigned to the Agency.