Market in Depth

Overview

Nov 24, 2007

Burundi, (pop. 7,794,000; GDP US$114) in Central Africa, is bounded by Rwanda, Tanzania and the Democratic Republic of Congo. Burundi is the most densely populated country in Sub-Saharan Africa, inhabited by the Hutu (85%), Tutsi (14%), and Twa (1%) ethnic groups. The economy is largely dependent on subsistence agriculture – coffee is the main cash crop – and donor aid.

Although the Tutsi form only a minority of the population, they have dominated politics and the economy. The recent civil war, triggered by a Hutu rebellion, caused thousands of deaths and displacements. Since then the opposing parties have signed cease-fire and peace agreements, though one rebel group still refuses to reconcile. The new government, led by President Pierre Nkurunziza, faces many challenges, particularly from the country's last rebel group who remains outside the peace process and continue attacks in the western provinces.

Economic uncertainties and security concerns continue to discourage foreign investors. Private properties are always at risk of being expropriated by the government.


Analysis of Burundi Residential Property Market »

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