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Afghan central bank invests $50mn in US stock market

The Central Bank of Afghanistan, also called Da Afghanistan Bank, has invested over USD 50mn in nine securities in the US stock market. This is the first time that the country has invested in stock market and it has so

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Afghanistan, India strengthen economic bond through Trade and Investment Show

In an effort to strengthen commercial and economic ties between Afghanistan and India through trade and investment, the Governments of India and Afghanistan, along with the United States Agency for International Development (USAID), opened the first “Passage to Prosperity: India-Afghanistan

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Microfinance training program assists young Afghan women enter financial sector

Seventy-five young Afghan women graduated today from USAID Promote: Women in the Economy (WIE)’s Microfinance Institute Training (MFI) Program. Implemented by the Afghanistan Microfinance Association (AMA), the nine-month apprenticeship program equips young women with the technical and managerial skills needed

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Milk processing complex worth $12mn to be built in Kabul

The Afghan government will invest USD 12 million in the establishment of a milk processing complex in Ben Hesar Farm in capital Kabul. Jahangir Miakhail, general director at the Ministry of Agriculture, Irrigation and Livestock (MAIL), said the complex would

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10-MW solar power plant to be built in Kandahar

A 10-megawatt solar power plant, the first of its capacity in Afghanistan, is now under construction near the city of Kandahar after a ceremonial groundbreaking event featuring government officials and representatives of the country’s national utility Da Afghanistan Breshna Sherkat

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121 cold storages for onions established across Kabul

The Afghan government has established 121 cold storages in five districts of Kabul for onions. “It was part of this year’s plan to build cold storages in Kabul’s districts and we plan to build more in the future,” said Minister

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First Bakery Training Centre in Balkh Province – Lead by Women

Balkh’s first Bakery Training Center led by women was inaugurated on Sunday. The centre operates as a bakery as well as a training facility for apprentices. The Afghan-German Cooperation initiated and financed the project while the Balkh Directorate of Women

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Herat uses its first-ever solar-wind power plant

Funded by Japan, the first-ever solar and wind power plant is put into service at the industrial park in western Herat province. Costing USD 3.5mn, the project is termed Afghanistan’s “biggest” plant and benefits 15,000 families and 100 small factories

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IDB provides $74mn for construction of Kabul Ring Road

The Islamic Development Bank (IDB) has provided USD 74mn in soft loan for the construction of Kabul Ring Road (KRR) and other related infrastructure. An agreement to that effect was signed between the national economic council, led by President Mohammad

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Afghan-China railway route halts operations

According to the Afghanistan Chamber of Commerce and Industries (ACCI), the newly established Afghan-China railway route has halted operations since the past three months. The official said the route stopped after the Chinese company involved suspended its operations due to

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Apple unveils iPhone 8 and 8 Plus

Apple officially unveiled the iPhone 8 and 8 Plus models today featuring with faster processors, a True Tone display and upgraded cameras. One of the biggest changes in the latest model is its glass back in order to enable one

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India commits to 116 new projects in Afghanistan

The Indian government has stepped up its development partnership with Afghanistan by committing to 116 new projects in 31 provinces. The announcement was made during the bilateral talks between Afghan Foreign Minister Salahuddin Rabbani and his Indian counterpart Suhma Swaraj

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Kabul’s metro bus service project to conclude in 1.5 years

The Kabul municipality announced Tuesday that the metro bus service project is expected to be concluded within the next one and a half years. Kabul Mayor Abdullah Habibzai said the first phase of the project will cover 8 kilomters route

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Herat farmers start ostrich farming industry

A family in Herat has started the first ostrich farming industry in the province with an initial investment of USD 50,000. According to the farmer Ahmad Shah Sharifi, their investment has already doubled and will soon start selling ostrich meat,

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Afghan Finance Minister attends inaugural ceremony for CAREC Institute

Afghan Finance Minister Eklil Hakimi attended the inaugural cermeony of the Central Asia Regional Economic Cooperation (CAREC) Institute in China, together with more than 100 participants frmo CAREC member countries and deveopment parnter organizations. The delegations will focus on extending

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Ghani attends OIC meeting on science and technology in Astana

President Mohammad Ashraf Ghani is attending the first Organization of Islamic Cooperation (OIC) Summit in Astana, Kazakhstan on science and technology. Held from September 7-11 the Summit will discuss scientific and technical issues and strategies in the next 10 years.

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Afghan government to build 22 water canals in next five years

The Afghan government plans to build 22 water canals within the next five years in five provinces in the north and northeastern parts of Afghanistan. Costing USD 76mn, the project will irrigate more than 70,000 hectares of land in Kunduz,

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5 new smelting factories to be built across Afghanistan

The Afghan private sector will invest USD 30mn in the establishment of five smelting factories across Afghanistan. The factories are going to be built in Kabul, Balkh and Nangarhar provinces, with the biggest one to be established in Kabul at

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Afghanistan one of the largest markets for Pakistan’s pork exporters

The Daily Times of Pakistan has revealed that Pakistan exported around USD 2.8mn worth of fresh, chilled or frozen swine meat to Afghanistan in the first three quarters of 2015-2016 fiscal year. About USD 447,000 worth of pork was exported

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Pakistan plans to sign water treaty with Afghanistan

The Pakistani government is exploring the possibility of entering into a water treaty with Afghanistan in a bid to safeguard Pakistan’s rights on trans-boundary water inflows. This comes as the Afghan government has stepped its efforts to boost the management

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Regional countries to meet in Iran to discuss railway plan

Representatives from regional countries are expected to meet within the next two months in Iran to discuss plans for a new railway line that runs through five countries: Afghanistan, Tajikistan, Kyrgyzstan, China and Iran. According to the Afghanistan Railway Authority,

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Kandahar’s revenue expected to hit 800mn AFN this year

The municipality of southern Kandahar province expects to collect 800 million Afghanis in revenue by the end of the year (March 21, 2018). According to Kandahar’s mayor, Rokhan Wolasmal, the municipality has collected 350 million AFN in revenue since March

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