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Could Diaspora Bonds Potentially Offset Drop in Foreign Direct Investment?
The economic slowdown in consequence to the Covid-19 pandemic has been a particularly hard hit in developing nations in a two-fold manner. Firstly, many developing nations were already experience issues with healthcare availability and sanitation, leaving them scrambling to hand
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Herat Expected To Produce 8,000 Tons of Figs This Year
Officials of the agriculture department in Herat have reported about a 7% increase in the province’s fig production. “Fig production in Herat may reach up to 8,000 tons this year,” said Shukrullah Amini, head of the provincial agriculture department. Amini
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Reconstructed Road to Benefit 22,000 Citizens in Samangan
Provincial officials of Samangan province and representatives of the Afghan-German Cooperation inaugurated a reconstructed 3.8-kilometre long road on Thursday. The asphalt road connects Aybak city to Dara-e Zhowandon village and with the Mazar-e Sharif to Kabul Highway. More than 22,000
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Afghan Exports Through Air Corridors Up By 29%
According to a statement from the Afghanistan Ministry of Commerce, Afghan exports through the air corridors have increased by 29% over the first seven months of the current fiscal year. The statement adds that the value of the country’s exports
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World Bank Approves $380 million in Grants to Cushion Impact of COVID-19 in Afghanistan
The World Bank Board of Executive Directors today approved two grants totaling $210 million from the International Development Association (IDA), as part of a larger financial package of $380 million, to help Afghanistan cushion the economic impact of the COVID-19
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Afghan Exports Down By 65% Over the Past Three Months
Afghanistan’s exports to international markets have declined by 65% over the past three months due to the pandemic. The country’s exports had shown a 4% increase in the first three months of the year and had reached around $143 million,
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95,000 Families Affected By COVID-19 In Afghanistan To Receive Food Assistance
The United Nations World Food Program (WFP) welcomes a contribution of US$12 million from USAID’s Bureau for Humanitarian Assistance in support of our response to the COVID-19 pandemic in Afghanistan, where the public health emergency is compounded by increasing levels
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Afghan-German Funded Infrastructure Projects To Benefit 30,000 Baghlan Residents
Baghlan’s Provincial Governor and the Director of Lower Kunduz River Basin Agency (LKRBA) signed a contract for constructing a flood protection wall on Wednesday. The contract includes rehabilitating the Baladori Intake to safeguard Pul-e Khomri City and the Baladori Canal
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New Health Clinic Building in Kunduz To Benefit 120,000 People
On Thursday, the Afghan-German Cooperation handed over a new building as part of the Aqtapa Health Clinic to Kunduz Province’s Department of Public Health. The new Central Health Clinic and Emergency Obstetric Care Clinic located in Aqtapa will provide health
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Afghan-American Naim Ismail Charged with Ponzi Scheme Targeting Afghan Bank in USA
Naim Ismail, 60, a native of Afghanistan and a United States citizen, was arrested last week in Los Angeles in connection with his participation in various investment schemes that defrauded victims of over $15 million. The announcement of his arrest
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Afghanistan Receives $36.7mn From US Gov’t To Combat COVID-19
The U.S. State Department and U.S. Agency for International Development (USAID) provided more than $36.7 million to help the people of Afghanistan address the COVID-19 pandemic, and expedited $90 million in continued development assistance through the World Bank to support
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Entrepreneur Of The Month: Marghuba Safi
Afghan female entrepreneur Marghuba Safi is the owner of Peshraft Zanan (which translates into women’s progress), Afghanistan’s first-ever producer of natural, organic skincare products. Established in 2016, Peshraft Zanan places the work of women at the very center of its
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Afghan Artists Aryana Sayeed & Farhad Darya Named Among Top 100 Most Influential People in Asia
Aryana Sayeed and Farhad Darya, Afghanistan’s renowned singers, have been named among the most influential people in Asia by the New York Press Agency. The others in the list of the Top 100 Most Influential People in Asia include A.R.
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Farah’s Honey Production Up By 40%
Honey production in Farah province is expected to reach 1,700 tons, denoting an increase of 40% from last year’s production. “We arranged for trainings to the beekeepers in Farah province and distributed beekeeping tools to 400 beekeeper as soon as
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Afghan Actor To Appear Together With Sanjay Dutt Starrer Netflix Movie
Afghan actor Humayun Shams Khan will be seen together with Sanjay Dutt in an upcoming Netflix movie called Torbaaz, which also stars Nargis Fakhri, Rahul Dev and Pransh Chopra. Sanjay Dutt shared on Twitter, “A man rises from personal tragedy
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Road Reconstruction in Takhar to Benefit 36,000 People
The Afghan-German Cooperation and Takhar’s Directorate of Rural Rehabilitation and Development (DRRD) signed a contract for reconstructing a two-kilometre road in Taloqan District, Takhar. The project will start at Pule-e-Jalat village located five kilometers from Taloqan downtown along Kunduz-Takhar Highway.
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Helmand’s Cotton Factory Reopens After 7 Years
The state-run Bost Enterprise, a cotton grinning factory, has officially reopened after seven years. According to a statement from Helman Governor’s office, farmer’s cotton products are processed into pure cotton, oil, soap, fennel, and cotton waste. The statement further adds
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EU Provides EUR 3.6mn for Humanitarian Assistance to Afghanistan
The United Nations World Food Program (WFP) welcomes a new contribution of EUR 3.6 million from the European Union (EU) that will help provide lifesaving assistance to the most vulnerable Afghans affected by natural and man-made disasters. “Humanitarian needs across
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World Bank Approves $200mn to Help Afghanistan Mitigate COVID-19 Impacts
The World Bank Board of Executive Directors today approved a $200 million grant to help Afghanistan mitigate COVID-19 impacts and provide relief to vulnerable people and businesses. The Afghanistan COVID-19 Response Development Policy Grant comprises $100 million from the International
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Afghan Gov’t Signs 259 Development Projects Worth Over 700mn Afghanis
Afghan Minister of Rural Rehabilitation and Development, Mujeeb-ul-Rahman Karimi, signed the agreement for implementation of 259 development projects worth over 723 million Afghanis. Addressing the signing ceremony on Wednesday, Minister Karimi said the projects will be implemented in 29 provinces:
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Afghanistan’s Economy To Plummet By 3% & Poverty To Increase By 7%
Afghanistan’s economic growth will decline by 3% and poverty will increase by 7% this year due to the spread of the coronavirus, said Economy Minister Mustafa Mastoor. Minister Mastoor made these remarks at a virtual summit entitled “Supporting the Revival
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$49mn Contribution from USAID to Assist Food-Insecure Communities in Afghanistan
The United Nations World Food Program (WFP) has received a new contribution of US$ 49 million from USAID’s Bureau for Humanitarian Assistance towards programs that help meet the food and nutrition needs of vulnerable communities in the country. “Providing food
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Badghis’s Pistachio Production To Double This Year
The Agriculture, Irrigation and Livestock department in Badghis province are expecting pistachio production to reach to 36,456 tons this year, which is double the amount of last year’s production. Last year, pistachio production was affected by drought; however, this year
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Afghanistan, Turkmenistan, & Azerbaijan To Form a Joint Committee To Expand Trade
The leaders of Afghanistan, Turkmenistan and Azerbaijan held a virtual tripartite meeting on Thursday to discuss trade cooperation. Proposed by Azerbaijani President Ilham Aliyev, the joint committee will work on regional connectivity, railway development, fiber optics, and transportation and will
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Afghanistan’s Exports to Europe Via Air Corridors Have Resumed
Officials of Afghanistan Chamber of Commerce and Industries have announced that exports of Afghan products to European countries via air corridors have resumed. According to the officials, 29 tons of goods, including dried and fresh fruits, rugs, and medicinal herbs,
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