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Burundi

With an expected with an average yearly growth rate of nearly 6%, the Republic of Burundi is projected to be the 12th highest growing economy in Africa in the next five years, according to the IMF. With a population of 13.2 million in 2023, its market basis extends to other EAC countries. The Republic of Burundi has enacted a set of incentives, to attract investors into strategic sectors, which measures include the exemption from customs duties on the importation of equipment and raw materials. Burundi is endowed with precious minerals critical to strategic high-values industries, including uranium, vanadium, quartzite, copper, cobalt, nickel, feldspar, and phosphate rock.

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Burundi

Burundi: The textile products market for Burundi is set hit 500+ Billions by 2030

From thread spinning to textile-based apparels manufacturing, the industry is projected based on current consumption trends and future income paths, to hit a total gross value added of 532 illions by 2035.

This huge growth in output is expected to generate 3 millions employment and boost fiscal revenue and could become a leading exporting sector for the Gabonese economy.

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