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Afghanistan, Uzbekistan Step Up Efforts To Bolster Trade Ties
Afghanistan and Uzbekistan are continuing efforts to strengthen trade relations between the two countries. Significant progress was made during the second round of the Afghanistan-Uzbekistan public-private dialogue – held in Tashkent, Uzbekistan, on 16 July – during which the two
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New Storage Facility Opens In Kabul Airport
A new USAID-funded cold storage facility at Hamid Karzai International Airport (HKIA) will enable exporters to increase shipments of perishable fresh fruits and vegetables to high-paying international markets, minimizing product loss and maximizing profit. The facility was inaugurated at a
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5% Of Government Contracts Allocated For Afghan Women
President Mohammad Ashraf Ghani announced that a minimum quota of 5% is reserved for Afghan women entrepreneurs in government contracts in a bid to improve their participation in the economy. This directive was issued during the president’s visit in Kandahar
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First Ever Solar Power Plant Inaugurated in Energy-Starved Kandahar Province
President Mohammad Ashraf Ghani inaugurated the first ever solar power plant in southern Kandahar province, where residents and industrialists have been demanding electricity for years. The $39 million solar power plant will produce a total of 30 megawatts energy, helping
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Afghanistan to Purchase 14mn Euros Worth of Biometric Devices for the Upcoming Elections
The National Procurement Commission has approved the purchase of 17,865 biometric verification devices to be used at the upcoming presidential elections. The devices, including accessories like printers, power bank and printing paper, are expected to cost over €14 million, according
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Uzbekistan Pledges $45mn to Support Afghanistan’s Power Transmission Project
In a meeting with CEO Abdullah Abdullah in Mazar-e-Sharif on Monday, Uzbekistan’s Prime Minister Abdullah Airpov pledges to provide $45 million for a power transmission project. The 200-kilometer long power transmission line runs from Sarkhan in Uzbekistan to Pul-e-Khumri in
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New Study Indicates a Drastic Decrease in Availability of Credit in Herat
The Afghanistan Research and Evaluation Unit (AREU) launched a research paper titled “On Borrowed Time: The limits of informal credit for livelihood security in Herat, Afghanistan” at an event in Kabul on 1 July 2019. The event was attended by
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Mumbai Trade Mission Nets $123 Million in Contracts for Afghan Agriculture Exporters
Exporters of Afghanistan’s finest fruits, nuts, spices, honey, and juices left a Mumbai trade event this week with contracts worth more than $123 million from buyers in India, one of the most lucrative trade events for Afghan agriculture exporters in
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Afghan Traders Sign Deals Worth $75mn in Mumbai Exhibition
Afghan traders concluded contracts and commitments worth $75 million in a two-day agricultural expo held in Mumbai, India. Afghan traders obtained a contract worth $30 million on the first day of the exhibition, and the figure raised to $75 million
Read MoreAfghanistan Inaugurates Kabul-Sharjah Air Corridor
Afghanistan inaugurated its latest air corridor, the Kabul-Sharjah air corridor, in a bid to further Afghanistan’s exports. According to the Afghan Ministry of Industry and Commerce, the first flight carried two tons of fresh apricots to the Sharjah City of
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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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