CADEBU

The Caisse d'épargne du Burundi (CADEBU) was founded in 1964 as a state-owned financial institution.

[1] During the Ikiza mass killings in 1972, the government seized the CADEBU accounts of most prosperous Hutus.

[4] Under this scheme, 5% of the salaries of all public and private sector workers was withheld at source for deposit with CADEBU, which held the savings for three years.

[5] CADEBU lent out the savings at relatively low interest loans to individuals and private companies.

Others were COTEBU, Verundi, Meridien Bank, Onapha, ORABU, OCIBU and Air Burundi.