English | دری

Kru Capital purchases New Kabul Bank for USD 28.5mn

in Afghan Business

Kru Capital purchases New Kabul Bank for USD 28.5mn

Afghan Ministry of Finance (MoF) have reported that the New Kabul Bank has been purchased for USD 28.5mn by Kru Capital whose technical offer received 80 marks.

The winner initially appeared to be CBGI who had offered USD 21 million; however, the Treasury Department of the MoF announced that the Crow Capital bid had been recorded wrong.

The irregularity in the bidding process has raised questions about the transparency in the bidding process.

“Crow’s Capital is the best offer we have received. USD 28.5mn is the highest offer and we congratulate Crow Capital,” said Head of MoF’s Treasury Department Mohammad Agha Kohistani.

 The offer will be sent to the Council of Minister who will then announce the final winner for the bid.



Related Articles

Poverty Reduction in Afghanistan: Despite Economic Growth, Widening Inequality

Strong economic growth during the pre-transition period of 2007-08 to 2011-12 did not reduce poverty and contributed instead to widening

National Solidarity Program completes development projects in Nangarhar

Six projects of the National Solidarity Program of the Ministry of Rural Rehabilitation and Development (MRRD/NSP) were recently completed in

Afghanistan to be connected with Iran via railway end of this week

Afghanistan Ministry of Urban Development and Housing announced Sunday that the third phase of the Khwaf-Herat railway would be completed

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.