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First phase of Chabahar port connecting Afghanistan, Iran and India inaugurated

Iranian President Hassan Rouhani inaugurated the first phase of the Chabahar port on the Gulf of Oman on Sunday. Situated on the Gulf of Oman in the Sistan-Balochistan province of Iran, the port will open a new trading routes connecting

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Afghanistan eyes greater participation in regional trade

Afghan government officials and business leaders have advanced two plans that, once finalized, should help the country increase trade – a time-proven method, when applied effectively, for creating jobs and reducing poverty. The country’s proposed National Export Strategy surmounted two

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Germany provides AFN 6.4bn in funds to Afghanistan

The Afghan government and the German KfW Development Bank signed a financial agreement on Thursday. As per the agreement Germany provides AFN 6.44 billion funds to the Afghan state. The budget will be allocated to the Afghanistan Reconstruction Trust Fund

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Leaders from 40 countries to discuss Afghanistan’s economic development in Turkmenistan

The Seventh Regional Economic Cooperation Conference (RECCA VII) ministerial meeting is scheduled on November 14-15, 2017 in Ashgabat-Turkmenistan. Political and business leaders from 40 countries are going to discuss economic cooperation and ways of attracting private investment to Afghanistan. Organized

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Herat to harvest over 8 tons of saffron this year

Agriculture, Irrigation and Livestock department in Herat said Herat farmers expect to harvest over eight tons of saffron this year. Department’s head Abdul Saboor Rahmani said the number of acres of land cultivated for saffron has increased from last year’s

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Afghan government approves fiscal budget for year 1397

The 1397 fiscal year budget was approved in principle during a meeting of the cabinet of ministers under the chairmanship of President Mohammad Ashraf Ghani. The budget consists of 357,691,493,000 Afghanis for the development and ordinary expenditures of the government

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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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Afghan government to distribute 500 tons of saffron bulbs to farmers

The Afghan Ministry of Agriculture, Irrigation and Livestock will distribute 500 tons of saffron bulbs one month ahead of the planting season to help farmers cultivate 3,000 acres of saffron in the country. The country’s saffron is exported to Arab

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Here’s the New Afghan Strategy Trump’s Been Waiting For

The Introduction. President Trump is looking for better options before deciding policy on the war in Afghanistan. The latest headlines describe the problem but no one seems to have the solution: What will Trump do about Afghanistan?[1] He is right

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Afghanistan Business Summit launches to present a stronger, ethical face of private sector

A mega gathering of Afghanistan’s elite private sector firms, namely Afghanistan Business Summit,  was launched on August 1 to showcase success stories of the business sector, share future investment opportunities, and encourage collaboration of the private sector with the government

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ABADE program completes 5 years of success promoting Afghan entrepreneurship

In October of 2012, the United States Agency for International Development (USAID) in Afghanistan launched an economic growth program to work with the private sector to strengthen productivity and help enterprises sustain growth and create jobs. Over the past five

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Does Afghanistan really want entrepreneurs?

by Akbar Borran Afghanistan has targeted a transformation period between 2015 to 2024 to achieve self-sufficiency. The economy is heavily dependent on development aid and economy of war. This is not sustainable and can shrink or collapse at any time.

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Lapis Lazuli Corridor agreement to be inked in near future

Afghan Finance Minister Eklil Hakimi in his recent trip to Georgia discussed the Lapis Lazuli transit Corridor with officials from the four countries along the Corridor: Turkmenistan, Azerbaijan, Georgia and Turkey. According to reports, an agreement is set to be

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Afghanistan must increase economic growth to at least 4% due to population growth

The Central Statistics Organization (CSO) urged the government to enhance their efforts in boosting the economy to increase the annual economic growth due to the population growth. According to CSO, Afghanistan has a 3% annual economic growth while the population

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Tajikistan, Uzbekistan, Iran promise to bolster economic cooperation with Afghanistan

President Mohammad Ashraf Ghani met with the leaders of Tajikistan, Uzbekistan and Iran on the sidelines of the Shanghai Summit which was held in Astana, Kazakhstan. According to a statement from the presidential palace, President Ghani discussed expansion of Afghanistan’s

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Afghanistan, China sign MoUs for railway network, electricity projects

Afghanistan and China have signed Memorandum of Understandings for reconstruction of railway network from Sherkhan Port to Herat and implementation of the electricity project on Kabul-Kunar River. The MoUs were signed on Friday in the presence of President Mohammad Ashraf

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Leading Afghan female entrepreneur Kamela Sediqi appointed as Deputy Minister of Commerce

Kamela Sediqi, a leading Afghan female entrepreneur, is appointed as the new deputy minister of Commerce. Abdul Salam Rahimi, Director-General of Administrative Office of the President, introduced Sediqi and expressed hope that her appointment would result in positive changes in

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Afghanistan steps up work to strengthen export sector

Afghan industry leaders, small business owners and public sector representatives on 18 May met in Mazar-e-Sharif to explore provincial trade challenges and solutions that can feed into the ongoing design of the country’s National Export Strategy (NES). A National Export

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Afghan-India air cargo routes to start in two months

Draft plans for the Kabul-Delhi route and the Kandahar-Amritsar route have been prepared and the routes will start within two months, announced Afghan Ministry of Commerce and Industry (MoCI) on Tuesday. This comes as Afghanistan’s peak export season of fresh

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Kunduz’s transport revenue goes up despite insecurity

The transport department of northern Kunduz province has collected 11.8mn Afn in revenue this year which surpasses last year’s revenue target. The provincial capital Kunduz City has seen repeated bouts of heavy fighting recently. It fell briefly to the Taliban

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ADB pledges $300mn for Afghanistan’s infrastructure development

The Asian Development Bank (ADB) has pledged to provide USD 300mn to support infrastructure projects in Afghanistan. According to ADB officials, reconstruction of highways and building a solar power generation facility in eastern Nangarhar province are part of the projects.

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International Business Exhibition for Agriculture and Handicrafts opens in Mazar-e Sharif

Organized by the Balkh Chamber of Commerce and Industries, the Balkh International Expo kicked off in Mazar-e Sharif today. More than 100 female and male exhibitors from different sectors and provinces participate in the four-day event, where they can promote

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A military base in Helmand is being turned into economic zone

The Shurab Military Base in southern Helmand province is being turned into one of the eight economic zones in the country. President Ashraf Ghani had assigned a special commission to create eight economic zones in the country. One of those

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Afghanistan’s economy to grow by 2.5%: ADB reports

According to a recent report released by the Asian Development Bank (ADB), Afghanistan’s economy is expected to grow by 2.5% this year. The report says Afghanistan’s economy will see a boost this year due to favorable weather, improved domestic revenue

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Third Business Climate Conference held in Kabul

The third Business Climate Conference was held in Kabul by the Afghanistan Chamber of Commerce and Industries (ACCI) and the Afghan-German Cooperation’s program for Sustainable Economic Development and Employment Promotion (SEDEP). Representatives of the private and public sectors met to

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