IS BURUNDI READY FOR SMALL INVESTORS? | TOO MANY CHALLENGES!
all right Not.So.Burundian here, okay hold on a second let me make sure that I have a way to link the videos together later on okay that should be enough Not.So.Burundian coming to you with another video yet another episode and today we will be talking about how ready or rather how safe Burundi is to take care of your investment as a Burundian that is looking to reinstate yourself back in Burundi for business and so I'll be back after this entry clip do not go anywhere right so okay first things first let me just uh quickly label this video as a video that is going to point out everything that is wrong with the current system in Burundi everything that you should be on the lookout for if you are to come and invest in Burundi as an individual who's as an individual who's capital is limited as an individual that only has once or maybe twice at most to try it out if you are a company with an infinite amount of capital if you are a company that can afford to fail once twice more than five times if you are a company who's um who's not if you're a company that can risk waiting five six eight years to see the profits come in then this is not for you you're good this video is for individuals whose money is hard earned and are looking to come back and establish something that can work for them as far as business is concerned right let's start with the biggest elephant in the room which is infrastructure and part A on the infrastructure would be electricity now at the moment electricity is not so dependable it is not so dependable in Burundi depending on where you live if you're in the capital I am sure that there are certain areas that have been marked as um as places that should never experience a power cuts for whatever reason so I guess if you establish an industry in an industrial in an in an industrial area then electricity wouldn't be a problem for you because I would assume that they never cut electricity in industrial areas but that's just an assumption so I don't know that for sure but one thing I can say if you are to establish a business that has anything to do with uh that relies on High consumption of electricity to produce a final product for sale then that is something that you should look into electricity is not constant at old and Grundy and depending on the type of Industry that you run a rather Factory that you're looking to establish uh some may argue that the electricity provided might not be sufficient enough for certain machinery depending on the type of machines that you're looking for to run if you're looking to do anything that has anything to do with the arc welding as an example then that is a No-No because arc welding consumes a hella lot of electricity yeah I can feel the camera shaking which is not supposed to happen but yeah and then number two which is part B under infrastructure would be roads there is a finite amount of highways that I can count on my one hand that are operable without any faults at all one of those roads would be this one here rn4 the other would be RN the other would be ventuino vom the other would be the road the highway going to chibitoki but I'm not sure if it maintains its uh it's it's uh it's Integrity all the way but if you're coming from the city anywhere from old East Garage to the airport and Beyond there is a good stretch of road that is good other than that most of the roads in Burundi need repair and so if transportation is something that you will need to run your business then you should know that our roads are not that good and so your cars will probably need constant maintenance constant repair which is uh what's the word I'm forgetting all these words that people tend to use in economics which is an expense that you wouldn't otherwise have to consider if you were dealing in transportation in a country that is that has a well laid out Road system and a good road system which isn't us at the moment so that's negative B Part B on the infrastructure and then the other thing that you will have to consider depending on the type of business that you do and I did mention that this video was basically for individuals mostly not companies because a company that establishes itself in any country usually has some political ties it is small individuals and small businesses that tend to operate without any political ties depending on the scale of your production and so people like you are often left out to deal with the wolves in your own and so that brings me to my next point which is the tax system the tax system isn't well laid out and I mean that in the sense that you may have two people operating the exact same business but none of whom know what the standard rate is for paying taxes as far as a particular product is concerned that is something that is completely hidden from the General Public there is no document that I can think of right now that is readily available to the public that neatly lays out the tax system as to whether for example if you were to import a particular type of car this is the tax that you are expected to pay and the reason why you pay this particular tax if you were to bring in a particular product I can't think of one then again I might be wrong but I have spoken to quite a number of people none of whom could Point me and these were businessmen none of whom could could uh could point me to a document that lays that out and so that being said I think is something that you should know and that is the problem because then it opens it opens businessmen uh it exposes uh businessmen to corrupt it exposes businessmen to corrupt tax tax officials because then they tend to be corrupt and people are forced to pay more than what they would because they do not have uh they do not have the policies or the information to go by in order to protect themselves I just want to make sure that I'm saying that I am laying all that out in the right way let me try and speed up there's a lot of wind blowing in my direction though and so the tax system is a little shady that's reason number two one of the things that you should look out if you if you are to establish a business in Burundi and then you have a Monopoly that is controlled by certain individuals of power there are certain businesses that are known to be closed closed all done you guys should check out this area it's an open area an open field I wonder if any construction can be done here all the way to the mountains over there Congo this is the end of gatumba and the beginning of somewhere that I don't know see ya let me think of something else that you should be on the lookout for if you're looking to come back to Burundi and invest your hard-earned money yeah well I guess I can't think of anything else at the moment so Let's uh switch up the topic for the remaining part of the video all of that being said though I'm not in any way discouraging you to come and invest in Burundi we are a young economy we are a country that is basically just born and we are at a crawling stage of an infant's development and so anything goes anything is a trial most of the things that you will look that you will be looking to establish in Burundi are things that are just being introduced and going through the trial phase and any economy that is going through it a trial phase is an economy that you have to be patient with but the government is determined to to flip the narrative that we are not safe for the Investments foreign the government is is trying his hardest to clean up it's uh its system and rid itself of individuals that are not on code with the development of the country and so that being said that should encourage you enough to want to invest in Burundi and me being here is uh well there are more negatives than there are the positives at the moment but it's changing what matters is that uh the government and burundians at Large are looking to change the narrative to change everything to take us to the next stage so I am almost at the border hopefully all the cameras are still recording at the moment and yeah I guess that's it for this particular video but I guess I should finish with come to Burundi first take a month or to come visit test out the system test out everything before you make your your final trip of which you plan to not return from before you come for good take trips give yourself a two-year period within those two years take one trip of at least a month come check it out for yourself meet people talk to people interact with businessmen interact with officials and then draw out your own your own conclusions after that other than that this is not so burned in here I am out it's the end of the video but given that I am so close to the Buddha those of you that want to stay and have a good look at the border and what is and what it looks like we are a hundred we are between 150 to 200 meters away from the border and so within five minutes will be there even less see ya I'm just gonna play a little bit of background music as we make our way our way towards the uh the Border oh and by the way uh this is a stretch of about 12 kilometers if you begin your ride from uh from Bora Bora beach but if you were to somehow begin your ride from the roundabout at Old East Garage then I guess that would total up to 13 to 14 kilometers so 13 kilometers one way 13 kilometers the opposite direction totals up to a 26 kilometer round trip which is a decent workout if you're not a pro that is or even if you're a pro depending on how fast you ride it's a decent workout it's one of the few remaining roads that are that have no fault to them whatsoever no potholes nothing it is smooth tarmac all the way from the city to here so we are two minutes out from the border we're gonna be there in a few all together that makes it a 37 minute ride from Bora Bora maintaining a speed of about 19.5 kilometers per hour or rather yes 19.5 kilometers per hour average speed and so here we are you have your taxis if you ever if you are ever making your way from Congo that is foreign and I'm going to end the video clip right here and make a u-turn you sip with some water well of course let's wait for Gaga as she makes her way here other than that not so burned in here I'm out foreign
2022-11-16 00:13
