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Burundi poses serious threat to investment in the East Africa Community regional bloc

Judging by every undeniable metrics, it is cleared that political instabilities necessarily impact social cohesion, the psychology of communities and the lives of people.  More importantly, political chaos and uncertainty generally drive economies down the drain and affect business climate.

Therefore, Burundi, an east African nation with routine disunity, political upheavals and leadership crisis is not only a near failed state, but a situational disaster for the business climate in the East Africa Community regional bloc.

Burundi’s current governance debacle does not and will not only affect Burundi and Burundians since the country is part of an African regional bloc.  Already, trade in the region is indirectly affected and regional migration is on the increase due to refugee flow.

Thus, Globe Afrique’s analysis is that the country’s president Pierre Nkurunziza poses a real threat to cohesion within the East Africa regional bloc economically, and this threat could send businesses and economic operations down the spiral of decline.

East African leaders, therefore, must consider the threat of the instability in Burundi more seriously and begin to engage proactively with the crisis in the country.

Burundi's instability put businesses in jeopardy and affects investors' confidence.
Burundi’s instability puts businesses in jeopardy and affects investors’ confidence

Certainly, the problems in Burundi are largely political, ethnic, national and founded in greed, but their consequences may not be considering the regional connectivity and inter-trade relationships as well as migration bond.

It can be recalled that the recent political and ethnic chaos in the country started when some opposition groups urged the President Pierre Nkurunziza not to seek a third term in office based on constitutional provisions and mandate.

The president counter-argument is that his first stint or term as president should not be considered since he assumed leadership of the country as a filled-in president when the presidency became vacant.

The question of third term conflict is not new to Africa and for African leaders, as many preferred to die in office. In fact, there are currently over a dozen African leaders who have stayed in office for the past 15 years.

 

 

 

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Globe Afrique Editorial Page provides informative viewpoints and analysis as well as addresses evolving realities, events and developments unfolding in Africa, about Africans, African diaspora, people of African heritage, or with interest in Africa.
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