The Banque de la République du Burundi has partnered with the London Stock Exchange Group (LSEG) to modernise the country’s financial infrastructure.
The initiative is intended to support the development of a more efficient domestic markets ecosystem.
Edouard Normand Bigendako, Governor of the Central Bank of Burundi, said:
“This partnership with LSEG marks a transformative moment in our financial sector. By automating and digitising our market operations, we are enhancing transparency, improving operational efficiency, and laying the foundation for a more resilient and inclusive financial system that supports long-term growth.”
Nadim Najjar, Managing Director for Central & Eastern Europe, the Middle East and Africa at LSEG, added:
“We are proud to support the Central Bank of Burundi as it advances its financial market infrastructure. Through the deployment of our integrated platforms, we are enabling the transition to a more modern, transparent, and efficient financial ecosystem, one that empowers national economies and connects them to global standards.”
The collaboration covers the automation of core elements of Burundi’s domestic market infrastructure.
LSEG will provide platforms for foreign exchange trading, interbank liquidity management, domestic open market operations, and market surveillance.
These include its FX Trading Platform, Money Market Trading for interbank liquidity, Auctions for open market operations, and Market Tracker for reporting and real-time oversight.
The services will be delivered via LSEG Workspace, offering the Central Bank and authorised financial institutions a more transparent and standardised framework for market operations.
Featured image credit: Edited by Fintech News Africa, based on image by Frolopiaton Palm via Freepik
