Tag "Afghanistan Business News"

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World Bank Approves Over $97mn to Combat COVID-19 & Drought Impacts

The World Bank Board of Executive Directors today approved a grant from the International Development Association (IDA) of $97.50 million to provide regular and predictable cash support to Afghans affected by droughts and COVID-19 and improve food and nutrition security.

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Businesses Suffer Millions of Dollars in Losses Due to Closure of Roads in Balkh

Road blockage in northern Balkh province since the past 20 days has inflicted millions of dollars in losses on businessmen. The roads to the ports in northern Afghanistan have been blocked by transport companies protesting the newly introduced custom tariff.

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Afghanistan has its first executive business magazine

Afghanistan’s first English executive business magazine, Business DNA,  was launched on February 10, 2018 with the objective to  promote sharing of business success stories, market information, management best practice, future business opportunities, and economic analyses. Business DNA is meant to

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Ghorak Villagers See Improvement in Development and Governance

The Afghan government provided significant medical and humanitarian relief efforts in Ghorak district, Kandarhar province, March 3-6. Approximately 14 Afghan women walked as far as 9 km in cold temperatures from Janabad, Baghe Mehrab, Shah Karez, and Kapkak villages to

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District Minister conducts teacher workshop for Afghan women in his home

Paktika Province-Sar Howzah District Minister of Education (DMoE), Mohammed Iqbal, organized and conducted a teacher workshop for 10 women in his home, Feb. 28-March 9. His training increased the number of teachers by 300 percent in the area.  The DMoE

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Afghan students protest against Kankor exam results

Hundreds of students took to the streets of Kabul protesting against Kankor exam results that were recently released. Kankor exam is the nationwide tertiary entrance exam. The protesters alleged that the results were fraudulent and urged the government to appoint

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President Karzai seeks citizens’ participation in making Afghanistan green

Ahead of the arrival of the new spring season, President Hamid Karzai asked citizens to focus on the growth of vegetables, orchards, forests and agricultural lands. He urged the citizens and farmers to make more efforts in keeping Afghanistan green

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ACCI calls for a national policy that addresses regional transit problems

The Afghan Chamber of Commerce and Industries (ACCI) urged the government to enforce a national policy that incorporates a national transit strategy. Lack of a national transit strategy has complicated the more regional problems related to transport, ultimately impacting businesses

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New Kabul Bank CEO sentenced to 3 years in prison

New Kabul Bank’s Chief Executive Officer Massoud Mossa Ghazi received a three year’s imprisonment, after being alleged by the Kabul Bank special tribunal for illegal transfer of USD 5.8mn to a bank account of the former chairman of Kabul Bank

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German delegation exploring investment opportunities in Afghanistan

A 15-member German delegation, including representatives of manufactures of military equipment, water research, information technology, engineering goods, construction materials, aviation and environment-friendly energy, visited Kabul on Sunday. The members attended a conference on Afghan-German trade links and are expected to

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IMF cuts South Korea growth forecast

The International Monetary Fund (IMF) has cut South Korea’s growth forecast from 3.25% in June to 3% for this year due to spiraling economic crisis in the Eurozone. The Eurozone is the key market for South Korea’s exports, which account

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Insurance Services and its Problems in Afghanistan

Despite the presence of four insurance companies in Afghanistan, individual insurance coverage is yet not available in Afghanistan and majority of people’s property are not indemnified. The culture of insurance is not as widespread among the general public. The insurance

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