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Kabul explosion inflicts a financial loss of $10mn

The Afghan Chamber of Commerce and Industry (ACCI) has estimated the financial loss caused by yesterday’s explosion at USD 10mn. “The private sector has suffered a loss of USD 10mn as a result of the attack,” said Siyamuddin Pesarlay, ACCI

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Afghan private company to invest $1.3bn in Kabul

An Afghan private company will invest USD 1.3bn in Kabul, according to a statement from the Presidential Palace. Gulbahar Company presented its plan to the national economic council meeting chaired by President Mohammad Ashraf Ghani. The investment will create jobs

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Afghan government to raise $2.5bn in revenue in March, 2017

Afghan Finance Ministry expects to raise USD 2.5bn in revenue in March, 2017, USD 500mn above the target. The boost in revenue is linked to a new tax regime that is aimed at stopping the country’s dependence on international aid

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Afghan Ministry of Rural Development exceeds its 100-day target

The Ministry of Rural Rehabilitation and Development (MRRD) has executed 4,809 uplift projects across the country during the past six months. MRRD Minister Nasir Ahmad Durrani said his ministry has crossed the 100-day development target and added that around three

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The completion of development projects help thousands of people in Ghor

Three development projects implemented under the National Rural Access Program (NRAP) and the National Area-Based Development Program (NABD) of the Ministry of Rural Rehabilitation and Development were recently completed in Dawlatyar and Lal-wa-Sarjangal districts of Ghor province. Built at a

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Over 4,000 families benefit from 15 completed infrastructure projects in Nangarhar

With 10% community contribution, the National Solidarity Program (NSP) of the Ministry of Rural Rehabilitation and Development (MRRD) has completed building 15 utility projects in the Khogiany district of Nangarhar province. According to them, the project has a price tag

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Afghanistan “truly open for business”

Afghanistan is building up its economy after over 30 years of conflict. President Ghani has put the economy high up on his agenda and has declared the country “truly open for business”. In a step towards this goal, Kabul hosted

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Experts talk economics and media at Afghan-German Cooperation Media Meeting in Mazar

With the state of Afghanistan’s finances making headlines almost daily in national and international media, last week’s Afghan-German Cooperation Media Meeting in Mazar-e-Sharif dealt with the economy. The meeting gave the press an opportunity to talk with experts about trade

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Afghan National Development Strategy must be on the basis of domestic resources: Legislators

A number of parliamentarians urged President Ghani’s administration to plan the Afghan National Development Strategy (ANDS) on the basis of the available domestic resources. This comes after Acting Ministry of Economy, Abdul Hadi Arghandiwal, announced that the implementation of ANDS

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Afghanistan’s new unity government to serve as a green signal for investors

Afghanistan’s industrialists are optimistic about the formation of the new unity government and believe it might boost foreign investment. Addressing a press conference in Kabul on Saturday, Deputy Head of the Afghanistan Association of Industrialists (AAI) called on the new

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Afghanistan on the brink of a financial crisis

Ministry of Finance (MoF) officials announced Tuesday that the government is in need of USD 537mn as the government is virtually broke due to the prolonged elections impasse. Director General of the Treasury at the MoF, Alhaj Mohammad Aqa, told

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Afghanistan’s exports up by 33%: ACCI

According to a recent report by the Export Promotion Department of the Afghanistan Chamber of Commerce and Industries (ACC), Afghanistan’s exports have reached USD 524mn in 2013, indicating a 33% rise from 2012 exports. In 2012, Afghanistan’s exports had touched

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Afghan government optimistic about the new economic policy

Afghan Ministry of Economy is optimistic about the new economic policy that is expected to bring visible changes to the economy of the country within three years. According to the Ministry’s spokesperson, Najibullah Amin, the new policy includes mines extraction,

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The impact of high cost of weddings on Afghan boys and girls

Lailuma, a 40 year old woman teaching at a government school, is yet single. Many would knock on her door to ask for her hand when she was in 12th grade. “My parents did not find it necessary to marry

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Afghanistan’s natural resources are in danger

Herat’s Directorate of Agriculture, Irrigation and Livestock held a conference on the introduction, conservation and development of natural resourced with collaboration from the United Nations Development Program-UNDP. According to the directorate’s officials, interventions from the neighboring countries and insecurity have

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Sequestration Threatens Afghanistan Reconstruction Effort

Professional Overseas Contractors (POC)-The Afghanistan Security Forces Fund and the Economic Support Fund for Afghanistan have roughly $6 billion in un-obligated money from the past two years, enough to cover that country’s projects through 2014, according to the Special Inspector

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Poor quality flour imported from Iran recovered

Herat’s customs officials have recovered over 70 tons of substandard flour imported from Iran through Islam Qala border, Herat’s main transit point with Iran. Custom Director Khaliqullah said five businessmen had imported 1,444 bags of substandard flour in trucks. The

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22 midwives graduated from community midwifery education program

Upon completion of two years training, 22 midwives graduated from SCA Community Midwifery Education (CME) program in Sar-e-Pul province. The graduation of this fourth batch of midwives brought the figure to 84, trained by Swedish Committee for Afghanistan CME programme

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Afghanistan is one of the leaders in mobile banking

Minister of Information and Technology Amirzai Sangeen said mobile banking in Afghanistan is leading a revolution in the world of technology. Mobile banking was initiated in Afghanistan two years ago by Roshan Telecommunication Company with collaboration from the British telecom

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Two defendants of Kabul Bank scandal receive prison sentence

Kabul Bank’s former chairman Sherkhan Farnood and former Chief executive Khalil Ferozi receive a 5 year prison sentence in today’s hearing of the case. Twenty other former employees of the bank have also been involved in the scandal. Kabul Bank

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Afghanistan-Turkey 92nd anniversary of Friendship Treaty

The 92nd anniversary of the signing of the Afghanistan-Turkey Treaty of Friendship is celebrated at a time when relations between the two countries enjoy unprecedented strength and stability. The close friendship between the nations of the two countries has a

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Afghanistan holds a workshop on CBR program

Key ministers, deputy ministers and heads of government departments attended a workshop on Capacity Building for Results Facility (CBR) on Sunday. Addressing the workshop, Dr. Najibullah Wardak, in charge of CBR program at the Ministry of Finance, said the program

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Villagers Host First Midwife Training in Zengabad Region, Panjwai District

Another Afghan child dies. “On a night the roads were really dangerous, one of our women experiencing a difficult pregnancy couldn’t leave her house and her husband didn’t know what to do,” said an Afghan female at the training. “That woman lost her baby.”

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Update on Afghanistan’s dams and their power generation capacity

According to Da Afghanistan Breshna Sherkat (DABS), Afghanistan will need 3,000 MW of electricity by 2020 (less than 7 years). There are dams that can produce over 18,000 MW of electricity that you can read about here. How much electricity

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Afghan private sector warns to halt import of basic goods

In retaliation to the collection of toll from traders at the entrance of various provinces by the Municipality, representatives of the private sector have warned the government about halting imports of basic goods, if the government continues to collect such

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