English | دری

USAID Recognizes Afghan Entrepreneurs

in Afghan Business

USAID Recognizes Afghan Entrepreneurs

The United States Ambassador P. Michael McKinley and the Director of the Small and Medium Enterprise (SME) Development Directorate of the Ministry of Commerce and Industry; Ahmad Zia Sayed Khaili, recognized 34 Afghan small and medium enterprises that successfully completed investment partnerships with the U.S. Agency for International Development’s Assistance in Building Afghanistan by Developing Enterprise (ABADE) program.

The ceremony took place at the United States Embassy on November 17, during the Global Entrepreneurship Week. Together, they have invested 46 million dollars in expanding their businesses to create 3,500 jobs in the Kabul area over the next several years. The 34 companies range from food manufacturing and agribusiness, clothing and furnishings production, construction materials production, metal fabrication, steel mills, to carpentry, digital printing and geoscience services.

ABADE’s public-private alliances with Afghan small and medium-sized enterprises help reduce the risks involved with business expansion, sustain growth and create new jobs. Under the program, Afghan partners define their growth plans and commit their own financial resources to implement it; ABADE complements their investments by providing capital equipment and technical assistance needed for the new business activity.

“The fact that hundreds of Afghan firms are investing millions of dollars to expand business and create jobs is a testament to their faith in the future of Afghanistan’s economy. Small and medium sized firms, investing in Afghanistan represent the country’s best hope for growing the economy and employing its citizens,” said Ambassador McKinley at the ceremony, which was attended by USAID’s Deputy Mission Director John Cardenas; Mr. Ahmad Zia Sayed Khaili, Director of the SME Directorate, Ministry of Commerce and Industry; representatives of the Afghanistan Investment Support Agency, and Afghan small and medium enterprises.

ABADE is a $105 million project that runs from October 2012 to October 2016. Up to now, it has developed more than 260 public-private alliances with Afghan SMEs with a combined value of over USD 218 million, resulting in increased sales and employment.



Related Articles

Herat’s Revenue Sees a Boost

By Ahmadshah Ghanizada-Officials in Herat provincial transportation department on Sunday announced an increase of 18% revenue during the first 6

Kabul Bank properties to be auctioned soon in Palm villas of Dubai

Kabul Bank’s special tribunal is seeking to close the issue of the sales of bank assets as soon as possible.

Job affair launched to recruit health workers in Afghanistan's provinces

The Ministry of Public Health has launched a two-day job affair to recruit workers who have capacity and skills in

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.