Tag "Afghanistan investment"
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Pine Nut Processing Factory to Open in Paktia Province
A pine nut processing factory, costing USD 7 million, is soon going to be established in the eastern Paktia province. According to Tolo News, a local investor is investing in the factory to help boost export of pine nuts and
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Summit Held in Dubai to Attract Investors in Afghanistan
A two-day business summit is being held in Dubai to attract investors in Afghanistan. Over 120 Afghan and foreign investors have attended this summit. Organized by Harakat and Afghanistan’s private sector representativs, this summit is expected to lure major companies
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20 New Factories Established in Herat’s Industrial Park
With an investment of over $50 million, 20 new factories have been established in Herat’s Industrial Park over the past 8 months. The factories are operating in the areas of food production and reconstruction materials. According to figures from Herat’s
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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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Visa on arrival for foreign investors coming to Afghanistan
The Afghan government has officially launched issuing visa on arrival at the Hamid Karzai International Airport (Kabul Airport) to foreign investors in an effort to boost foreign investment in the country. Bret Dalton, an American businessman who is going to
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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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World Bank’s MIGA insures 3 major companies in Afghanistan
The World Bank Group’s Multilateral Investment Guarantee Agency (MIGA) has so far insured three major companies in Afghanistan in an bid to promote foreign direct investment in the country. Collectively worth USD 154mn, these companies are insured against losses incurred
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President Ghani highlights Afghanistan’s investment opportunities in Singapore
Addressing a meeting with entrepreneurs from various sectors in Singapore, President Mohammad Ashraf Ghani briefed the participants on the investment opportunities in Afghanistan and said the world should not focus on Afghanistan’s wars only. He said increase in domestic income
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Foundation for Afghanistan’s first grapes & raisins processing factory laid in Parwan
Afghanistan’s first ever grapes and raisins processing factory is soon to be established in the northern province of Parwan. The foundation for the new factory was laid on Friday by Afghanistan’s CEO Abdullah Abdullah. Abdullah highlighted the importance of investment
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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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Afghanistan more conducive for business today: Ambassador Mohib
Afghan Ambassador to the US, Dr. Hamdullah Mohib, spoke about the efforts and measures underway to boost private investment in Afghanistan at the 12th business matchmaking conference organized by the Afghan-American Chambers of Commerce. He said the landscape for business
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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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150 Afghan businessmen ready to invest in Chabahar port
The Ministry of Commerce and Industry (MoI) have announced that 150 Afghan businessmen are ready to invest in Chabahar port. Musafer Quqandi, spokesperson to the MoI, said the investors are provided with the needed facilities for investment by both the
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New initiative “Invest in Afghanistan” launched today
The Afghanistan Investment Support Agency (AISA) launched a new initiative called Invest in Afghanistan today in Kabul in presence of Chief Executive Abdullah Abdullah. Invest in Afghanistan is aimed at boosting investment in Afghanistan and turning it into a land
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Britain pledges 15mn pound for Afghanistan Investment Climate Program
The British government has pledged to donate 15mn pound to the Afghan government for Afghanistan Investment Climate Program (AICP), which will run from 2016 to 2023. The announcement was made by the visiting UK state Minister for International Development Desmond
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Afghanistan wins AIM 2016 Investment Award
The Annual Investment Meeting (AIM) recognizes the top investment support agencies from across the globe after observing their strategies, programs and achievements in attracting investment in their countries. This year’s ceremony was held at the Dubai World Trade Center from
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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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AISA highlights challenges facing the private sector
The Afghanistan Investment Support Agency (AISA) head, Mohammad Qurban Haqjo, highlighted the major issues facing the private sector and called on the government to draft comprehensive economic policies in cooperation with private sector. Addressing a press conference in Kabul on
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Sweden pledges 8.7bn krona in aid to Afghanistan
The Swedish government has pledged 8.7bn kron in aid to the Afghan government over the next 10 years. The announcement was made at the meeting between President Ashraf Ghani and Swedish Prime Minister Stefan Löfven in Kabul on Saturday. Löfven
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Afghan private sector invests $105mn in 19 factories
Mohammad Qurban Haqjo, head of the Afghanistan Investment Support Agency (AISA), and Hazrat Omar Zakhilwal, senior advisor on economic officials to President Ghani, inaugurated the construction of 19 new industrial factories in capital Kabul on Tuesday. The new factories are
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Political instability has left Afghanistan with a gloomy investment climate
Mohammad Qurban Haqjo, head of Afghanistan Investment Support Agency (AISA), said investment in the past three quarters of the current year have slumped by 26.63%, compared to the same period last year, due to political instability and future uncertainty of
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Kabul to have its biggest iron melting factory
The foundation stone of Afghanistan’s largest iron melting factory was laid in Kabul on Wednesday. Known as the “Khan Steel”, the factory is established by an Afghan investor, Khan Mohammad Wardak, who has invested USD 120mn in the project. “The
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Talk less and act more: AISA Chief calls on the Afghan government
The Afghanistan Investment Support Agency (AISA) and the Kabul Green Expo organized the first International Construction and Food Expo from 25-28 August in Kabul. Speaking on the occasion, AISA Chief Mohammad Qurban Haqjo slammed the National Unity Government (NUG) for
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Investment in Afghanistan slumps by USD 120mn this year
The Afghanistan Investment Support Agency (AISA) reported on Sunday that investment in the country during the first two quarters of 2015 stands at USD 270mn, marking a decline of USD 120mn from last year’s corresponding period. AISA Chief Mohammad Qurban
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Afghan government lacks proper strategy for economic development: AISA
The Afghanistan Investment Support Agency (AISA) accused the government of lacking a property strategy for economic development. This comes as Afghanistan has witnessed a 30% decline in foreign investment. Newly appointed AISA chief, Mohammad Qurban Haqjo, said last week that
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