Burundi is a member of the East African Community and holds 6% of nickel reserves in the world. Having adopted the “Vision 2025” strategic development policy, Burundi has established future plans to develop its justice framework, transform the economy, stimulate investment opportunities, reinforce its civil society and focus on nature conservation.
International companies and organisations expanding into new countries usually contract the services of reputable partners who specialise in local business process outsourcing, including employment outsourcing solutions where staff need to be employed in-country and paid correctly.
Africa HR Solutions provides the Burundi HR outsourcing support required to facilitate expansion into the country. Our employment outsourcing solutions include services such as Professional Employer Organisation (PEO), Employer of Record, payroll as well as other ancillary support services and allow you to expand your business in Burundi, even if your company does not have a branch or local subsidiary in-country.
Country Profile - Burundi
Population: 11.2 million
Gross Domestic Product (GDP): $3.01 bn
GDP Growth: 1.8 %
Inflation: 7.5 %
Foreign Direct Investment (% of GDP): 0 %
Unemployment Rate: 1.5 %
Currency: Burudinan franc
Languages: French, Kirundi
As a landlocked country in East Africa, around 80% of the population is involved in the agricultural sector, resulting in Burundi’s status as a low-income country. It has an abundance of rare earth minerals, with the mining sector being the major driver of foreign exchange followed by coffee and tea. With a difficult economic environment, Burundi has mobilised internal resources but efforts toward improving the socio-economic conditions have not materialised due to the increasing population growth rate, together with the impact on investment-related initiatives as a result of the COVID-19 pandemic. Mining revenues are expected to rise going forward and Burundi will also look to raise finance through treasury bills and seeking the help of the central bank if required.