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Afghanistan to review its Investment Law

The Afghan Ministry of Commerce and Industries (MoCI) said Wednesday that the Investment Law would be reviewed this year to encourage and attract further investment. According to the  ministry, over USD 1.7bn was invested in various sectors including USD 806mn

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New geological center opens in Kabul

The British Ambassador to Kabul Domenic Jermey inaugurated a new geological center in Kabul on Monday. The USD 373,000 laboratory will enable Afghanistan to carry out tests on its minerals inside the country. “Minerals in this country and the wealth

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Japan contributes $12mn to Afghanistan for irrigation, fiscal support

The Japanese government has pledged over USD 12mn to the Afghan government for the improvement of irrigation systems and to provide fiscal support. According to a statement from the Japanese Embassy in Kabul, the projects covered under this funding are

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Australia, Afghanistan sign $320mn development agreement

Australian Prime Minister has pledged continuous support to Afghanistan and signed a USD 320mn development agreement with Afghan President Ashraf Ghani Ahmadzai on Monday. The agreement involves cooperation in various areas including infrastructure, education and employment of women and girls,

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When women suffer, a country suffers: CEO Abdullah Abdullah

Afghanistan’s CEO Abdullah Abdullah addressed the first Women Economic Forum on Sunday and said women’s empowerment is vital for the country’s development. He said Afghanistan has a long way to go to successfully achieve economic empowerment of women in the

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Entrepreneur of the Month: Shamama Arbab

Shamama Arbab is the director of Euro Industries, a food processing business in Peshawar, Pakistan. She works in a city where it is difficult for women just to step out of the house alone, let alone to launch and grow

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Afghanistan’s transit plans aligned with One Belt, One Road initiative

Finance Minister Eklil Hakimi announced at the One Belt, One Road (OBOR) Forum for Asia Annual Conference 2017 this week in China that Afghanistan’s trade and transit plans were aligned according to OBOR’s initiative. Addressing the Forum, Hakimi said Afghanistan

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US isolates North Korea’s economy for pursuing nuclear weapons

The United States government hit North Korea with more sanctions on Friday for pursuing nuclear weapons. As many as 11 North Korean businesses and an industrial firm are facing the brunt of the sanctions, including Paeksol Trading Corporation, for acquiring

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Apple opens its first App Accelerator outside of the US

Apple has launched its App Accelerator in Bangalore, India, to help meet the needs of customers in India and around the world. India is the first country outside the US where Apple has set this facility up. “In just the

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Afghanistan’s Ministry of Commerce and Industries partners with Indian Center for WTO Studies

Afghanistan’s Ministry of Commerce and Industries (MoCI) and the Delhi-based Center for WTO Studies (CWS) have entered into a partnership for the capacity building of MoCI. The partnership agreement was finalized by Mohammad Haqjo, Deputy Minister for Commerce and Industries,

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US economy grows at 2.1% in 4Q

The US Department of Commerce has recorded a 2.1% growth in the country’s GDP in the October-December period. The figure is an improvement from the previous estimate of 1.9% and is linked to stronger consuming spending. “Consumer spending will lead

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EU to provide $2.5mn to promote agricultural technology in Afghanistan

The European Union will provide USD 2.5mn to promote agricultural technology in Afghanistan through the Capacity Building of Institutions Assessing Agricultural Products program. Afghanistan’s Agriculture, Irrigation and Livestock Minister, Fahim Ziaye, said the program will be implemented in partnership with

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Afghan government to open mother and child hospital in Balkh

The Afghan government started the construction of a new 253-bed mother and child hospital in Mazar-e Sharif’s regional hospital. Funded by the German government, the new facility costs more than one billion AFN. The new hospital will provide appropriate health

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Shahrukh Khan recruits lady bodyguards

Bollywood’s King Khan, Shahrukh Khan, announced during a recent event that he has hired lady bodyguards for his protection. “I have appointed female bodyguards now, because I have a number of female fans which are uncountable. It was getting very

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MPs question central bank’s process of collecting and burning old bank notes

A number of parliamentarians have voiced their concerns about the collection and burning of old bank notes by the central bank. The Central Bank of Afghanistan, Da Afghanistan Bank (DAB), on Monday said that they have burnt 41bn Afghanis worth

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American University of Afghanistan resumes classes

The American University of Afghanistan (AUAF) has resumed classes six months after the deadly attacks that left 12 people dead and dozens injured. AUAF Acting Director David Sedney on Monday said the university will officially reopen on Tuesday with enhanced

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Afghanistan no longer threatened by enemies blocking trade routes

President Mohammad Ashraf Ghani said the enemies can no longer threaten Afghanistan by blocking trade routes as the country has alternative routes to rely on. These remarks were made during a gathering in the provincial capital of Balkh province, Mazar-e-Sharif,

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Afghan government to deliver 10,000 tons of seeds to farmers

The Afghan Ministry of Agriculture, Irrigation and Livestock (MAIL) will distribute 10,000 tons of improved seeds along with fertilizers to Afghan farmers to help them produce better crops. Afghanistan needs between 50,000 to 60,000 tons of seeds annually, but the

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12th edition of Afghan Star was groundbreaking

The entire Afghanistan sat to watch the grand finale of the 12th edition of Afghan Star–Afghanistan’s “pop idol”–on Nawruz. This year’s Afghan Star edition stood out the most. For the first time in the history of the show a female

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Afghanistan to launch biometric cards in 90 days

The Afghan government will begin distribution of the much-awaited national electronic identity cards in 90 days. President Mohammad Ashraf Ghani approved the distribution procedure of the cards presented by the head of the department for the distribution of the electronic

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Afghanistan’s complaint over Torkham closure to be assessed by WTO

Afghanistan is  receiving support from the World Trade Organization over the closure of the border crossing by Pakistan. According to the Afghan Ministry of Commerce and Industry (MoCI), a WTO commission will assess Afghanistan’s complaint over the sealing of the

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Torkham closure causes $3bn in losses to Pakistan

Pakistan’s move to shut down Torkham border has backfired, inflicting a USD 3bn dollar onto its economy. According to Afghanistan’s Chamber of Commerce and Industry (ACCI), Torkham closure has resulted in replacement of Pakistani products in Afghan local markets with

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Businesses in Kabul enjoy a cozy functional office space at the Hub

The Hub is established by a young entrepreneur Shakib Mohsanyar to support startups, entrepreneurs and individual consultants by providing them the required services for a functional office space. Established in February 2017, the Hub’s primary goal is to support the

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Billions of dollars embezzled in Afghanistan’s construction projects

A survey by Construction Sector Transparency Initiative Afghanistan (CSTIA) segment of the Integrity Watch Afghanistan (IWA) has revealed that billions of dollars had been embezzled over the past 15 years in construction projects. According to a statement from the CSTA,

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Workshop held on protecting children’s rights in Afghanistan

Two-day workshop on the protection of children’s rights concluded in Mazar-e Sharif. It aimed at developing a strategy to strengthen local institutions and community groups in protecting children’s rights. Organized by the Rushd Training and Consultancy Organization (RTCO), the German

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