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DAB says World Bank likely to start work of incomplete projects in Afghanistan
Da Afghanistan Bank (DAB) says the World Bank will likely resume the work of its incomplete projects in Afghanistan.
DAB officials said talks are underway with the World Bank so that the work of these projects may kick off as soon as possible.
“In this regard as it seems, work of part of the World Bank’s incomplete projects is going on now,” said Ahmad Jawad Sadad, DAB’s Director General Monetary Policy Department.
Sadad stated it is hoped that the World Bank and other financial institutions that were involved in the Afghan economy will resume their unfinished projects.
Economic experts meanwhile have said when the World Bank projects start, it will have a direct impact on the country’s economic growth.
“The World Bank projects were usually semi-infrastructural projects in Afghanistan and they were being implemented to provide service, welfare and social infrastructure, and these projects still managed to create good jobs for people in the villages of the country,” said an economic analyst.
In addition, a number of investors also stressed that they are ready to participate in the implementation of development projects in the country.
Da Afghanistan Bank has also asked other international organizations to financially support development projects in Afghanistan.
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Afghanistan signs 30-year deal for marble mining in Daikundi
The Ministry of Mines and Petroleum of Afghanistan has signed a 30-year agreement with a private company to extract marble in Daikundi province.
Under the contract, the company will invest AFN 283 million in exploring and mining marble at the “Mesh-Uliya” site, spanning 16.74 square kilometers in central Daikundi.
Hedayatullah Badri, Minister of Mines and Petroleum, stated that the marble will be processed domestically before being exported abroad. He added that the Mesh-Uliya project is expected to create around 200 jobs, and the company is committed to supporting local communities through social initiatives.
Economic experts highlight that such investments, especially those focusing on domestic processing, are crucial for job creation, boosting exports, and strengthening the national economy. Analysts further note that the project will improve local infrastructure, expand social services, and enhance the economic and social well-being of Daikundi residents.
Since the return of the Islamic Emirate to power, efforts to develop Afghanistan’s mining sector have intensified, with multiple contracts signed in areas including cement, copper, iron, and lapis lazuli, involving both domestic and international companies.
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Passenger bus veers off Salang Highway, leaving 5 dead, dozens injured
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Major fire in Mandawi Kabul market contained, extensive losses prevented
Local shopkeepers said the fire broke out around 4 a.m.
The Ministry of Interior reported that personnel from the General Directorate of Firefighting and Emergency Response successfully prevented the further spread of a fire at Mandawi market on Kabul early Sunday morning.
Abdul Mateen Qani, spokesperson for the ministry, said that the fire destroyed 10 storage facilities and 8 shops. He added that initial losses are estimated at around $700,000, but timely action by firefighting personnel saved property worth approximately $2.2 million.
Qani explained that the fire was caused by an electrical short circuit. He praised the rapid and effective containment operations, which prevented more extensive damage.
Local shopkeepers said the fire broke out around 4 a.m.
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