Tag "Afghanistan economy"
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ADB pledges $300mn for Afghanistan’s infrastructure development
The Asian Development Bank (ADB) has pledged to provide USD 300mn to support infrastructure projects in Afghanistan. According to ADB officials, reconstruction of highways and building a solar power generation facility in eastern Nangarhar province are part of the projects.
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International Business Exhibition for Agriculture and Handicrafts opens in Mazar-e Sharif
Organized by the Balkh Chamber of Commerce and Industries, the Balkh International Expo kicked off in Mazar-e Sharif today. More than 100 female and male exhibitors from different sectors and provinces participate in the four-day event, where they can promote
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A military base in Helmand is being turned into economic zone
The Shurab Military Base in southern Helmand province is being turned into one of the eight economic zones in the country. President Ashraf Ghani had assigned a special commission to create eight economic zones in the country. One of those
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Afghanistan’s economy to grow by 2.5%: ADB reports
According to a recent report released by the Asian Development Bank (ADB), Afghanistan’s economy is expected to grow by 2.5% this year. The report says Afghanistan’s economy will see a boost this year due to favorable weather, improved domestic revenue
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Third Business Climate Conference held in Kabul
The third Business Climate Conference was held in Kabul by the Afghanistan Chamber of Commerce and Industries (ACCI) and the Afghan-German Cooperation’s program for Sustainable Economic Development and Employment Promotion (SEDEP). Representatives of the private and public sectors met to
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Pilot saffron cultivation program produces good results in Bamyan province
Afghan Ministry of Agriculture, Irrigation and Livestock (MAIL) received positive results from its pilot saffron cultivation program in central Bamyan province over the last two years. For the first year of the experiment saffron was cultivated on nine plots of
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30 new factories established in Nangarhar this year
Afghanistan’s eastern Nangarhar province has witnessed 70% increase in industrial activity with the establishment of 30 new factories at Sheikh Misri Industrial Zone of the province in the past six months. The province’s business community along with Afghanistan Chamber of
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Afghanistan to review its Investment Law
The Afghan Ministry of Commerce and Industries (MoCI) said Wednesday that the Investment Law would be reviewed this year to encourage and attract further investment. According to the ministry, over USD 1.7bn was invested in various sectors including USD 806mn
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When women suffer, a country suffers: CEO Abdullah Abdullah
Afghanistan’s CEO Abdullah Abdullah addressed the first Women Economic Forum on Sunday and said women’s empowerment is vital for the country’s development. He said Afghanistan has a long way to go to successfully achieve economic empowerment of women in the
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Afghanistan’s transit plans aligned with One Belt, One Road initiative
Finance Minister Eklil Hakimi announced at the One Belt, One Road (OBOR) Forum for Asia Annual Conference 2017 this week in China that Afghanistan’s trade and transit plans were aligned according to OBOR’s initiative. Addressing the Forum, Hakimi said Afghanistan
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Afghanistan to build a modern print factory to print own money
Afghanistan is going to establish a modern Sukuk printing company, which enable it to print its own money, in a joint investment with Germany. The company will be built in Jangalak industrial township in southwestern Kabul. Afghanistan and Germany will
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Afghanistan’s National Priority Plan on Women’s Economic Empowerment
The National Unity Government (NUG) of Afghanistan officially presented the National Priority Plan on Women’s Economic Empowerment to its citizens on Thursday. The plan aims at developing women’s capacity to strengthen their household economies, but also to positively impact Afghanistan’s
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Afghan agricultural produce spoil due to lack of markets
A number of local businessmen voiced their concerns over lack of markets and storage facilities for their agricultural products, mainly onions. According to the Ministry of Agriculture, Irrigation and Livestock (MAIL), 142,000 tons of onions were harvested this year. However,
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Afghanistan ranked 163rd by the Index of Economic Freedom of Heritage Foundation
Afghanistan has made its first entry in the annual Index of Economic Freedom of The Heritage Foundation and is ranked 163rd place out of 186 countries. This comes after Afghanistan became a member of the World Trade Organization (WTO) in
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Afghanistan, Pakistan back ‘Beyond Boundaries Project’
The Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) has pledged all-out support for Phase II of the ‘Beyond Boundaries Project’ to help boost regional cooperation. A 12-member delegation of officials from Pakistan and Afghanistan agreed to support the second
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Afghanistan participates in Global Sustainable Transport Conference
President Mohammad Ashraf Ghani presented Afghanistan in the Global Sustainable Transport Conference in Turkmen capital, Ashgabat. Held on November 26-27, the first ever global conference on sustainable transport brings together key stakeholders from Governments, UN system and other international organizations,
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Investment in Afghanistan declines by 59%
The Central Statistics Organization (CSO) and Afghanistan Chamber of Commerce and Industries (ACCI) have predicted tough economic ties ahead as investment has plummeted 59%. The two bodies urged the government to design a working economic policy aimed at attracting investment.
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Afghanistan to be connected with Iran via railway end of this week
Afghanistan Ministry of Urban Development and Housing announced Sunday that the third phase of the Khwaf-Herat railway would be completed by the end of this week. The third phase of the railway, which is 62km long, connects Iran with Ghoriyan
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Afghanistan key player in regional energy projects
According to the Asian Development Bank (ADB), Afghanistan is an integral part of the major energy projects, such as the Turkmenistan-Uzbekistan-Tajikistan-Afghanistan-Pakistan (TUTAP) and Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, in the region. The TUTAP project serves to import electricity from the energy
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Afghan business community demands ACCI leadership to step down
The Afghan business community has demanded the leadership of the Afghanistan Chamber of Commerce and Industries (ACCI) to step down and hold fresh polls immediately. Addressing a press conference on Monday, representatives from the private sector and entrepreneurs said the
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Iran encourages entrepreneurs to invest in Afghanistan
Iranian Ambassador to Kabul, Mohammad Reza Bahrami, said his country has been trying to encourage their entrepreneurs to invest in Afghanistan in order to create jobs for Afghans and provide cost-effective products to citizens. The envoy visited Kandahar in a
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NSP completes development projects in Ghor province
As many as 38 public utility projects have been completed in Saghar district of Ghor province at a total cost of AFN 49,285,000 by the National Solidarity Program of the Ministry of Rural Rehabilitation and Development (MRRD/NSP). According to NSP
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Belarus, Tajikistan to develop trilateral cooperation with Afghanistan
Belarus and Tajikistan have agreed to promote trade and economic interests in cooperation with Afghanistan. An agreement to that effect was reached during the meeting between Ambassador Extraordinary and Plenipotentiary of Belarus to Tajikistan Oleg Ivanov and Tajikistan Prime Minister
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Afghanistan’s growth rate projected at 2.9% in 2017
According to World Bank’s twice-a-year South Asia Economic Focus, which was released on Monday, Afghanistan’s economic growth rate is expected to only marginally increase from 1.9% in 2016 to 2.9% in 2017. The report has cited persisting political and security
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ACCI warns of an economic recession hitting Afghanistan
The Afghanistan Chamber of Commerce and Industries (ACCI) have warned of an economic recession hitting the nation as foreign investment continues to drop drastically. According to ACCI, investment level has declined by 26% this year. Deputy head of ACCI, Khan
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