Business
$55M Worth Electricity Projects Signed in Kabul
Officials in Da Afghanistan Breshna Sherkat (DABS) and Indian International NGOs have signed contracts of designing, procurement, equipping, and distribution of electricity of provinces of Logar, Paktia and Khost in the presence of the Afghanistan President Mohammad Ashraf Ghani at Presidential palace on Saturday.
Chief of Da Afghanistan Breshna Sherkat Qudratullah Delawari said, “The contracts include designing, procurement, equipping, installation, examining, and distribution of electricity for the three provinces of Logar, Gardez and Khost where 44500 customers of electricity can be benefited.”
The $55,8 million projects are being funded by the gratuitous aids of the Asian Development Bank (ADB) and the project work will be accomplished within 2 years in the future .
The Representative of Asian Development Bank Thomas P. said, “ADB is pleased to join the gathering on signing of the Electricity contracts between the Da Afghanistan Breshna Sherkat and Indian NGOs called “Angelic”- “Jagwara” to provide electricity for the first time for provinces of Logar, Gardez and Khost provinces of Afghanistan, we are pleased to fund the projects.”
The following Electricity projects will enlighten 13000 families in Logar, 18500 families in Gardez and 13000 other in Khost province.
Reported by: Yousuf Yasa
The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.
Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”
These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.
To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.
These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.
In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.
The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.
This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.
Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
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