Saturday 24 February 2018

Burundi eyes leather business to increase cash money

Burundi eyes leather business to increase cash money
(Xinhuanet 07/26/17)

Burundi is eyeing the leather business in addition to coffee and tea to bring the country cash money, the Burundian second vice-president said Tuesday after visiting two tannery companies.
"We are identifying and promoting products for export that can bring cash money to the country's treasury. We assume that leather and animal skins can generate a lot of foreign currencies," Joseph Butore said after visiting both tannery companies.
He said the leather sector can compete with the country's coffee and tea sectors that are "traditionally" bringing foreign currencies to the country's treasury.
"I have been told that leather from Burundi is appreciated at the regional and at the world market," Butore said.
He added that a kilogram of cattle skin from Burundi is sold at about one U.S. dollar while a kilogram of goat skin or sheep skin is sold between 2.8 dollars and 3 dollars.
Butore also said the technical capacities of those two companies are not reached while domestic animals are slaughtered on a daily basis.
"We have been surprised to hear that animal skins processed by these two companies are not sufficient while there are several animals that are slaughtered on a daily business here in Burundi. This means that some animal skins are sold in a fraudulent way," said the vice president.
Burundi is one of the five poorest countries in the world, where nearly 64.9 percent of the population live below the poverty line. According to the World Bank, Burundi economy is heavily reliant on agriculture which employs 90 percent of its population, though cultivable land is extremely scarce, said the bank. Enditem

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