French journalist Jean-Philippe Remy, Africa bureau chief for French daily Le Monde, and British photojournalist Phil Moore, were arrested yesterday.
Both have covered the region for years and have won several awards for their reporting and photography.
"The two foreigners were arrested in the company of armed criminals," the security ministry said in a statement.
Police said a mortar, a Kalashnikov rifle and pistols were also seized.
Presidential press chief Willy Nyamitwe said he had been due to meet Remy yesterday, confirming the two journalists were among 17 arrested by police.
"We know them to be consummate professionals and are disturbed by news of their detention while they were doing their jobs in Bujumbura," the FCAEA said in a statement Friday morning.
Burundi has been in crisis since April when President Pierre Nkurunziza ran for a controversial third term, sparking street protests, a failed coup, regular killings and a nascent rebellion.
The government has cracked down on the press, forcing independent media to shut down and driving some journalists into exile.
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