Burundi to set up capital market for firms this year

A general view shows the capital city of Kampala in Uganda, July 4, 2016. [Photo: Reuters]

BUJUMBURA- Burundi plans to establish a securities exchange before the end of this year for companies to raise funds after a slowdown in commercial bank lending, a senior central bank official said.

Economic growth output in the East African nation has slowed down since a political crisis in 2015 sparked by President Pierre Nkurunziza’s decision to seek a third term.