The launch of One Africa Investment Fund marks a significant step in Burundi’s financial landscape, offering a platform to support development projects both locally and abroad. The fund, which was unveiled by Fablice Manirakiza, Executive Director of Ubaka Nation Group, at a press conference held at Kiriri Garden Hotel on September 6, 2024, aims to finance a wide range of sectors, including infrastructure, agriculture, tourism, industry, mining, petroleum, and aviation.
One Africa Investment Fund is designed to democratize investment opportunities. “We want even the ordinary farmer to have the chance to invest or benefit from this fund,” said Manirakize. He highlighted the flagship project currently under consideration—the construction of Bujumbura’s central market, known as Buja City Plaza. “My vision is for Burundians to invest in this fund and to see the central market built by our fellow Burundians,” he added.
Secure and Regulated Investments
To ensure the safety and transparency of the capital invested, the fund has partnered with the Bank of the Republic of Burundi (Banque de la République du Burundi, BRB), the Capital Markets Regulatory Authority, and the Burundi Stock Exchange.
Manirakiza explained that this collaboration guarantees the security of investments. The fund is structured to meet international standards, allowing for shares to be purchased in both Burundian Francs (BIF) and US dollars (USD). A single share costs BIF 103,000 for Burundians residing in Burundi or USD 103 fro those from the Burundian diaspora. However, payments in dollars offer a higher share value.
Investors can deposit their capital through accounts at BANCOBU and CRDB banks. “BANCOBU’s extensive network across Burundi will facilitate this process, allowing any Burundian to invest easily,” Manirakiza noted.
Joseph Ntibantunganya, Operations Division Director at BANCOBU, elaborated on why the bank has partnered with the fund. “Ubaka Nation Group has a track record of successful development projects in Burundi. This new initiative will further drive economic growth, and we are proud to be part of it.”
The Buja City Plaza Project
Addressing the Buja City Plaza project, Manirakize promised that the construction of Bujumbura’s central market would proceed with the backing of the One Africa Investment Fund. The government has tasked Ubaka Nation Group with conducting studies and securing financing within six months. “We are currently in the planning and fundraising phase, and we aim to share more detailed plans in the coming months,” he said, emphasizing that while the initial designs are provisional, they were approved by the Council of Ministers.
There is no deadline for investing in One Africa Investment Fund, but Manirakize encouraged potential investors to act quickly, as profits are generated as soon as the investment is made. “The sooner you invest, the sooner your share starts earning,” he emphasized.
The Buja City Plaza project is expected to take at least five years to complete, providing a long-term, profitable opportunity for those who invest.
