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First Ever Scorpion Venom Production in Afghanistan
An Afghan businessman in Herat has invested USD 500,000 in scorpion form. This is the first time ever Afghanistan is producing scorpion venom. The farm has collected 22,000 scorpions from different types from various parts of Herat. The venom, one
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ADB Lends $4mn For A Solar Project in Kandahar
The Asian Development Bank (ADB) has issued a $4 million loan to Barakat Kandahar Solar Energy for the development of a 15.1MW solar power plant. The aid is aimed at helping the Afghan government to achieve the goal of generating
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Afghanistan To Become A Member of International Chamber of Shipping
Afghanistan has submitted its proposal for the International Chamber of Shipping (ICS) membership. This comes as Afghan traders demand for the establishment of shipping route in Chabahar port for a year now. Afghanistan faces difficulties in the establishment of shipping
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Afghanistan To Build Foreign Goods Smuggling Prevention Centers
The Afghan government plans to build five centers for the prevention of smuggling of foreign goods. President Mohammad Ashraf Ghani made this announcement at an Iftar dinner held for Afghan industrialists to share the problems they are facing. “I request
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Afghanistan Continues Efforts to Increase Domestic Energy Generation through Renewable Sources
The Afghan Ministry of Energy and Water (MEW) and the Afghan-German Cooperation’s Energy Sector Improvement Program (ESIP) signed a cooperation and implementation agreement aimed at facilitating the implementation of the Afghan government’s renewable energy policy. The Afghan-German Cooperation will invest
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Nangarhar Honey Production to Hit 400 Tons This Year
Nangarhar expects to supply 400 tons of honey to market this year which will generate a revenue of up to 100 million Afghanis. Officials of Honey Farms Association in Nangarhar have attributed the hike in honey production this year to
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Iran-backed Arian Bank in Kabul Shut Down Over Regulatory Violations
The Afghan government has closed the Iran-backed Arian bank that was allegedly involved in money laundering and not adhering to the laws and regulations of the central bank. The Afghan central bank said Arian bank has had no contribution to
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Nangarhar Talc Strategy To Attract $15mn Investment
The High Economic Council (HEC) has approved the ‘Nangarhar Talc Strategy’, said Ministry of Petroleum and Mines (MoPM) said on Saturday. The strategy is expected to attract $15 million investment in talc extraction and processing. Talc, a soft clay mineral
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Third Shipment Sent Via Lapis Lazuli Route
Afghanistan sent its third shipment via the Lapis Lazuli route from the Aqina port in Faryab province. This shipment, carrying 115 tons of marble in five trucks, marked the first shipment of Afghan goods sent to Azerbaijan. According to sources
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Insecurity Causes DABS Annual Loss of $3.8MN
Afghanistan’s national utility company, Da Afghanistan Breshna Sherkat (DABS), loses over USD 3.8 million annually in revenue due to failure to collect electricity bills in insecure areas. DABS head Amanullah Ghalib said that his administration cannot collect electricity bills in
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600,000 People Benefit from Road Reconstruction in Badakhshan
A contract was signed for reconstructing a ten kilometers long road in Feyzabad District, Badakhshan that connects the villages Dashti Qurogh and Lai Aba in the presence of representatives of the provincial government and Public Works Department (PWD). The project
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National Procurement Commission Cancels Takhar Mining Contract
The National Procurement Commission (NPC), has canceled the contract for exploration of Nuraba gold in mine in Chahab District of northern Takhar province. According to NPC, the awardee fails to fulfill obligations in the agreement such as non-payment of debts.
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2.5 Million Afghans Remain Unemployed
According to the Ministry of Labor, Social Affairs, Martyrs and Disabled, at least 2.5 million Afghans are unemployed–the highest number of unemployed workforce in the world. The Ministry had planned to create 74,500 jobs in 2018, but it created only
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Afghanistan To Request for Re-Validation after EITI Suspension
Afghanistan was temporarily suspended from the Extractive Industries Transparency Initiative (EITI) in January 2019 after demonstrating “inadequate progress” in implementing the required standards. The country intends to request re-validation in the Global Conference in Paris in June 2019. Afghanistan is
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Afghanistan Women Chamber of Commerce Among World Chambers Competition 2019 Finalists
Afghanistan Women Chamber of Commerce and Industries (AWCCI) is among 16 chambers of commerce moving on to the final round of the World Chambers Competition. Representing 11 countries, the selected 16 chambers will each have the opportunity to present their
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