Posts From Wadsam
Back to homepage
Wadsam
Third Private Bank Goes Bankrupt in Afghanistan
Afghanistan Commercial Bank (ACB) becomes the third private bank to go bankrupt in the past one decade. Originally operating under the name of BRAC Bank, ACB went bankrupt last year due to major violations in its banking system. The BRAC
Read More
First Consignment of Afghan Products Arrives in Azerbaijan Through Turkmenistan
The first consignment of Afghan products, including 115MTs of marble, successfully reached Azerbaijan today through Turkmenistan. This new route opens Azerbaijan’s markets for Afghan products and boosts trade cooperation between the two countries. The inauguration was attended by officials from
Read More
Pakistan Promises To Reopen Airspace for Afghanistan-India Flights In 3 Days
Afghanistan Civil Aviation Authority (ACAA) said that Pakistan has promised to re-open its airspace for Afghanistan-India flights on June 14. Pakistan closed its airspace in February after India launched air strikes on militant bases across the border in Pakistan in
Read More
Forex Traders Stage Protest in Kabul
Forex traders gathered in front of a local forex trading firm in Kabul protesting against the scam reports that have recently surfaced online. The protestors claimed that Albashir Exchange & MSP was a local forex trading firm in Kabul that
Read More
The Impact Of Illegal Drugs In Afghanistan On Political Settlement
The result of a study conducted by the Afghanistan Research and Evaluation Unit (AREU) with the financial support of the European Union indicates that ongoing debates on the peace and reconciliation process have largely ignored the production of illegal drugs
Read More
Pakistani Currency Could Drop To 200 A Dollar By 2020
Pakistani Currency Could Drop To 200 A Dollar By 2020 Pakistani currency continues to lose its value in the international market, dropping more than 5% in May and standing at 150 per dollar. According to Bloomberg, the rupee hit its
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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.
Read More
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
Read More
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
Read More
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
Read More
Afghanistan Seeks EU’s Approval To Remove Afghan Airlines From Blacklist
A conference on cooperation between European Union (EU) and Afghanistan is expected to be held next month and removing Afghan airlines from the EU blacklist will be a priority in the agenda. Afghanistan’s national airline Aryana and other private airlines
Read More
Participation of Young Afghans In Agriculture Competition
All around the world, farmers lose money because of produce lost during harvest season, which also results in less food on the market. At the same time, as youth increasingly move to cities, fewer youth are interested and involved in
Read More
Afghan Female Entrepreneurs Enter Market With Support from USAID
The U.S. Agency for International Development (USAID) supported 15 young entrepreneurs who graduated from a 4-month long training program provided by the Founder Institute, one of the world’s premier startup business accelerators. With local chapters or representations across over 180
Read More
Republic of Korea Provides $16mn To WFP Resilience-Building Work in Afghanistan
The Republic of Korea provided US$16 million (₩18.3 billion; AFN1.24 billion) to the UN World Food Program (WFP) in Afghanistan. The ceremony held today in recognition of this was attended by representatives from the Republic of Korea, the Afghanistan Ministry of
Read More