Faustin Ndikumana, the head of PARCEM, a local NGO focused on challenging mindsets, beliefs, and behaviors hindering peace and sustainable development in Burundi, on Wednesday said that urgent government-led reforms are essential to improve governance and attract foreign investment, especially as the government seeks foreign investors to revive the struggling economy.
“True economic prosperity hinges on eradicating corruption, which would entice foreign investors to Burundi, driving the country’s development,” Ndikumana stated during an interview with a local radio station Bonesha FM. He further highlighted the lack of significant capital investments in strategic infrastructure as a barrier to economic growth.
Ndikumana stressed the importance of improving international relations to secure support for major public projects, including airports and other key facilities. He also urged the government to enhance the nation’s economic climate to foster sustainable development and make Burundi a more appealing destination for foreign capital.
His call coincides with the conclusion of the roundtable, held in Burundi’s economic capital Bujumbura from December 5-6, 2024, which was designed to attract foreign investors and bolster development partnerships amid a lingering economic crisis.
Speaking at the same event, former Nigerian President Olusegun Obasanjo also said that good governance and security are the foundations that would allow investors to come to Burundi and warned that countries plagued by corruption cannot expect to secure sustainable investments.
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