12 °c
London
Wednesday, June 29, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Burundi Airlines created with State’s stake at 92%

Taarifa Rwanda by Taarifa Rwanda
February 10, 2021
in Africa, Aviation, Burundi, Finance, Tourism, Travel
Reading Time: 1 min read
816 8
0
Burundi Airlines created with State’s stake at 92%
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

The government of Burundi has announced the creation of a new air transport company called Burundi Airlines, Taarifa reports.

According to details reaching our business desk, Burundi Airlines was established on Thursday from a merger between Air Burundi and SOBUGEA insurance company. This was during a constitutive general meeting of shareholders.

Immaculé Ndabaneze, Minister of Trade, Transport, Industry and Tourism said the creation of the new air transport company is the result of a long process.

“The genesis comes from an audit report carried out since 2017 and validated in 2019 as part of the initiative of the government of Burundi to review the performance of these two institutions,” she said.

Also read: Burundi to reopen airspace on November 8

The total capital of the new company is estimated at more than BIF 15 billion (U$ 7,740,799) according to Minister Ndabaneze.

Pierre Nizigiyimana, chairman of the ad hoc merger committee, said the shareholders are the State of Burundi, the SOCABU insurance company and the SABENA company, respectively 92%, 4% and 4% bankrupt.

The general assembly appointed the State of Burundi as the reference shareholder of the new company Burundi Airlines.

The minister said that they will determine the type of aircraft to buy and the mechanisms necessary to obtain the financing.

She reassured the staff of the two merged companies;

“The staff of SOBUGEA and Air Burundi will stay in place, but obviously they will sign new contracts, because it is a new company.”


Taarifa Rwanda

Related

Tags: african aviationair travelairlinesAviationBurundiBurundi AirlinesBurundi Airlines created with State's stake at 92%TourismTravelБурундиبورونديブルンジ布隆迪
ScanSendShare330Tweet206Share58Pin74Send
Taarifa Rwanda

Taarifa Rwanda

Taarifa is a Rwandan news media house established to play a role in shaping the global agenda through telling Africa’s true stories by delivering quick, in-depth and exclusive news on issues and events affecting Africa’s political, economic and social landscape.

Related Posts

Business

Qatar investors acquire Rwanda Umubano hotel

by Taarifa Rwanda
June 29, 2022
Angola Capital Markets Commission analyses privatisations through stock exchange
Finance

Nairobi Stock Exchange Africa’s 3rd poorest performer

by The Exchange
June 29, 2022
FurtherAfrica join forces to promote ATIGS Dubai 2020
Business

Theorems Groups – Sarko Partners join forces to enter SADC

by Elizabeth Khumalo
June 29, 2022
Banks using US$ should think about their Crypto exposure – FinCEN Director
Finance

Cryptocurrency offers hope for Africa’s economic resurgence

by Web3Africa
June 29, 2022
The tripartite network theory in the gold mining industry: a lesson for Africa
Commodities

Ethiopia’s gold export generated US$513.9M in 11-month

by FurtherAfrica
June 29, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Business

Qatar investors acquire Rwanda Umubano hotel

by Taarifa Rwanda
June 29, 2022
0

Rwanda has handed over the former Umubano hotel to Kasada, a leading independent investment platform dedicated to hospitality investments in...

Read more
Angola Capital Markets Commission analyses privatisations through stock exchange

Nairobi Stock Exchange Africa’s 3rd poorest performer

June 29, 2022
FurtherAfrica join forces to promote ATIGS Dubai 2020

Theorems Groups – Sarko Partners join forces to enter SADC

June 29, 2022
Banks using US$ should think about their Crypto exposure – FinCEN Director

Cryptocurrency offers hope for Africa’s economic resurgence

June 29, 2022
The tripartite network theory in the gold mining industry: a lesson for Africa

Ethiopia’s gold export generated US$513.9M in 11-month

June 29, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?