Throughout East Africa, economic growth is inhibited by a poor business climate, high transport and energy costs and low on-farm productivity levels. USAID/East Africa works with bilateral missions and regional organizations to promote broad-based economic growth by supporting increased regional integration and trade; reductions in the cost of doing business; increased agricultural productivity; and by helping to raise incomes.
In Burundi, we launched a Development Credit Authority loan guarantee program with a local commercial bank. As a result, we have improved the ability of small and medium agricultural businesses to engage in trade. We have also increased the capacity of local firms to export Burundian products through the East and Central Africa Trade Hub.
We have invested in the financial services sector to increase access to credit and launched a “business incubator” in collaboration with the Dutch Government to help provide training and support services to business start-ups, particularly those that are women-owned. Finally, to address livelihood development for youth and rural populations, USAID supports “Calling all Entrepreneurs,” a radio program that encourages business development.
Last updated: June 25, 2014