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Turkmenistan cuts electricity price for Afghanistan

Turkmenistan will reduce the price of electricity imported to Afghanistan, according to statement from CEO Abdullah Abdullah’s office. The announcement was made during the meeting between visiting Turkmenistan Deputy Prime Minister and Foreign Minister Rasit Meredow with CEO Abdullah Abdullah.

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USAID raises women’s awareness about agricultural credit in Herat

One of the most difficult challenges for female farmers and women operating agriculture-related businesses in Afghanistan is access to credit. In addition, many women often do not understand how credit can help support the growth and expansion of their businesses.

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World Bank’s IFC to acquire equity stake in Afghanistan International Bank

The International Finance Corporation (IFC), a member of the World Bank, is looking to invest in the Afghanistan International Bank (AIB) with an aim to help the Afghan bank boost its commercial lending and financial inclusion. Afghanistan’s per capita income

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India provides $2.87mn to support Kabul’s transport system

India provides USD 2.87mn to Afghanistan for repairing of 350 buses that will help in strengthening the public transport system of Kabul. An MoU to that effect was signed between Afghan Transport Minister Hameed Tahmasi and Indian ambassador to Afghanistan,

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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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Afghanistan’s economy to grow from 2.2% to 2.6% in 2017

Afghanistan’s economic growth is projected to increase slightly to 2.6 percent in 2017 from 2.2 percent in 2016 as the country’s deteriorating security weighs on the economy, according to the latest Afghanistan Development Update series released today by the World

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World Bank Group Youth Summit 2016 winners build two computer labs in Afghanistan

This time last year, more than 400 excited youth filled the Preston Auditorium for the World Bank Group Youth Summit 2016: Rethinking Education for the New Millennium. After receiving 875 submissions from young entrepreneurs, the Youth Summit Organizing Committee (YSOC)

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RECCA VII’s first day focuses on role of women in economic development

The 7th Regional Economic Cooperation Conference on Afghanistan, also known as RECCA VII, has kicked off in Asghabat, capital city of Turkmenistan. Delegation from over 40 countries are participating to discuss economic cooperation and ways to rebuild Afghanistan as the

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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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15,000 residents from development projects in Badakhshan

Three infrastructure projects in the districts Yaftal-e Payan, Darayem and Argo of Badakhshan were completed. Funded by the Afghan-German Cooperation’s program Regional Capacity Development (RCD), these projects include the construction of a bridge, a protection wall as well as the

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Entrepreneur of the Month: Roya Mehboob

Roya Mehboob is a young technology entrepreneur who was listed in the 2013 TIME 100 most influential people in the world. Mehboob had a passion for internet and technology from a very young age. After pursuing a degree in technology,

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New education facilities in Takhar benefit almost 3,000 students

The Afghan-German Cooperation handed over two newly constructed school buildings and an additional boundary wall to the Department of Education (DoE) in Takhar. The new education facilities will provide a better learning environment for almost 3,000 students, both girls and

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National Procurement Commission approves 10 contracts

Chaired by President Mohammad Ashraf Ghani, the National Procurement Commission (NPC) approved ten contracts worth 1.3bn Afghanis in their meeting on Monday. The approved contracts are as follows: Construction of the 100-bed hospital in Jawzjan province Construction of a 11-km

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Female entrepreneurs graduate from Afghanistan’s first private business incubator

The first group of young female entrepreneurs graduate from Startup Valley, Afghanistan’s first private business incubator. Operated by AGHAEZ Professional Services and supported by USAID: Promote Women in the Economy (WIE), Startup Valley encourages the entrepreneurial mindset in youth, especially

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Afghanistan to sign transport agreement with Central Asian States

The Afghan Ministry of Transport announced Saturday that an agreement was under consideration with the Central Asian States to resolve transport related issues on regional level. Addressing a press conference in Mazar-i-Sharif, Transport Ministry spokesperson Hekmatullah Qawanj said an agreement

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121 cold storages for onions established across Kabul

The Afghan government has established 121 cold storages in five districts of Kabul for onions. “It was part of this year’s plan to build cold storages in Kabul’s districts and we plan to build more in the future,” said Minister

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IDB provides $74mn for construction of Kabul Ring Road

The Islamic Development Bank (IDB) has provided USD 74mn in soft loan for the construction of Kabul Ring Road (KRR) and other related infrastructure. An agreement to that effect was signed between the national economic council, led by President Mohammad

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India commits to 116 new projects in Afghanistan

The Indian government has stepped up its development partnership with Afghanistan by committing to 116 new projects in 31 provinces. The announcement was made during the bilateral talks between Afghan Foreign Minister Salahuddin Rabbani and his Indian counterpart Suhma Swaraj

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Regional countries to meet in Iran to discuss railway plan

Representatives from regional countries are expected to meet within the next two months in Iran to discuss plans for a new railway line that runs through five countries: Afghanistan, Tajikistan, Kyrgyzstan, China and Iran. According to the Afghanistan Railway Authority,

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Prices of animals soar ahead of Eid-ul-Adha

Residents in Kabul city have complained about the soaring prices of livestock and are finding it hard to purchase animals for sacrifice. Friday, September 1 is declared as the first day of Eid-ul-Adha. Muslims around the world sacrifice animals to

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impACT Kabul Start-Up Conference: 250 Businessmen Learn from Successful Entrepreneurs

Organized by AGHAEZ, BookClub Afghanistan and Philia, the impACT Kabul start-up conference took place in Afghanistan’s capital. Successful Afghan entrepreneurs, including returnees from all over the world, presented their start-up businesses to roughly 250 participants and explained what it takes

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EU approves aid package to Afghanistan worth 100 million Euros

The European Union (EU) approved on Monday an aid package worth 100 million Euros (USD 118 million) under a State Building Contract (SBC) to support implementation of key reforms in Afghanistan. “The allocation approved today is a very tangible demonstration

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Five new infrastructure projects for Badakhshan

Badakshan’s provincial government officially launched the start of five construction projects located in Yaftal, Tagab, Argo, Darayum and the provincial capital Feyzabad on Sunday. The projects include the construction of a protection wall, a bridge and a boundary wall for

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Consultation held in Herat to discuss trade challenges & opportunities

Afghan industry leaders, small business owners and representatives from the public sector met in Herat on August 13 to explore trade-related provincial challenges and solutions that can feed into the ongoing design of the country’s National Export Strategy (NES). The

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Improved irrigation canal to benefit over 7,500 people in Taloqan

Afghan authorities and the Afghan-German Cooperation signed a contract for the reparation and rehabilitation of the Gurg irrigation canal in Taloqan, Takhar’s provincial capital on Monday. The eight kilometres long canal will increase the water supply for the Bangi district.

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