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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

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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

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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

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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

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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

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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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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

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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

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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

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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

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Afghan Women’s Career Development Center Help Women Find Jobs  

Afghanistan’s Civil Service Institute’s (ACSI) Women’s Career Development Center has the equipment and information system it needs to help women who are seeking employment.  The U.S. Agency for International Development (USAID) provided computers, small office equipment and a management information

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