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World Blank provides $100mn in aid package to Afghanistan

The Afghan government and the World Bank signed a Memorandum of Understanding (MoU) for a new aid package worth USD 100mn which will be used to support the financial sector in Afghanistan. An agreement to that effect was signed between

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American University of Afghanistan opens new women’s dormitory  

A new dormitory, designed to house 200 female students, was inaugurated today by U.S. Ambassador to Afghanistan John R. Bass, USAID Assistant to the Administrator for Afghanistan and Pakistan Gregory Huger, and American University of Afghanistan (AUAF) Registrar Dr. Julie

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Inauguration of One-Stop Shop at Kabul Airport

In a major step toward facilitating exports by air, the Afghan government inaugurated a One-Stop Shop (OSS) in the Hamid Karzai International Airport (HKIA) Customs Zone with the support of USAID’s Afghanistan Trade and Revenue Project. USAID support focused on

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US releases $100 Million for Afghanistan through New Development Partnership  

The United States Government and the Ministry of Finance of Afghanistan signed a letter for the disbursement of $100 million to the National Unity Government (GNU) for achieving development reforms under the New Development Partnership (NDP). The release of these

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Afghan, Pak bilateral trade drops by $2bn amidst political tensions

The Afghanistan-Pakistan bilateral trade has dropped from USD 2.5 billion to USD 500 million a year as political tensions between the two neighboring nations intensify. The Sarhad Chamber of Commerce and Industry (SCCI) has called on the relevant government officials

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Entrepreneurship the key to Afghanistan’s peace building process

By: Matiullah Rahmaty Afghanistan and conflict are synonyms since I can remember. The conflict in Afghanistan has resulted in problems that make life harder each year. Despite the efforts of the Afghan government and international community, peace in Afghanistan is

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Newly established Afghan financial company opens door to stock market

Vision Financial Services is a newly established financial services provider that helps Afghans set up online accounts and participate in the stock markets. Users install a software program on their smartphones and create an account and also access updated stock

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Azizi Bank opens a branch in Paktika

Azizi Bank, one of Afghanistan’s largest private banks, has opened a branch for the first time ever in the capital of southeastern Paktika province. This comes after consistent demand from residents who lacked adequate access to banking services. In the

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Afghanistan to begin construction work on TAPI pipeline in February

The Afghan Ministry of Mines and Petroleum (MoMP) said on Wednesday that Afghanistan was ready to roll out its share of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline in February. According to the ministry officials, Afghanistan has made all the necessary arrangements in

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17bn AFN increase in development funds in Afghanistan’s 2018 budget

The lower of the Afghan parliament, Wolesi Jirga, approved the national budget for 2018 on Wednesday after rejecting it the first time on December 16 for lack of “balance”  among provinces. The lower house had proposed 267.2 billion Afghanis in

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Power dam worth $20mn to be built in Paktia

The Narai Khwlai power dam will be constructed at a total cost of USD 20 million in Ahmadkhel district of southeastern Paktia province. President Ashraf Ghani recently approved the cost for the dam three months ago in addition to Machalgho

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USAID launches project on job creation in Afghan agriculture sector

The United States Agency for International Development (USAID), in partnership with the Food and Agriculture Organization of the United Nations (FAO), launched the Promoting Value Chains–West project on Tuesday, January 16, 2018. The project promotes inclusive growth and job creation

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2400 tons of wheat arrive in Kabul from India via Chabahar Port

The first consignment of 2400 tons of wheat as part of Indian government’s assistance to Afghanistan arrived to capital Kabul through Chabahar port. “Today,the first consignment of 2400 tons of wheat arrived in Kabul and was welcomed by Afghan Minister

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Afghani drops against foreign currencies

The value of the Afghani currency continues to drop against foreign currencies amidst the ongoing political tension in the country. Afghanistan’s central bank, Da Afghanistan Bank (DAB), has injected over USD 2.2 billion into the country’s market to prevent the

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National power grid extended to Ghazni province

President Ashraf Ghani attended an inauguration ceremony in Kabul, officially launching the extension of the national power grid to Ghazni. This represents a significant milestone in the development of Afghanistan’s electrical infrastructure, marking both the first time Ghazni residents have

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Maidan Wardak-Ghazni power project inaugurated

President Ashraf Ghani inaugurated the 220kw Ghazni-Maidan Wardak power project on Thursday in Chamtala area of the capital Kabul. Addressing the inaugural ceremony, he congratulated the people of the two provinces as their long-awaited demand has been met. He said

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Afghan gov’t awards contract for Ghoriyan salt extraction to a private firm

The Ministry of Mines and Petroleum (MoMP) awarded a contract for sedimentary salt extraction in the Ghoryan district  with the private firm Nasir Omid Salt Extraction Company. Acting Minister Nargis Nehan said that about 25,000 metric tons of salt would

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