Business
Efforts to Re-Activate Silo Factories Underway: MAIL
Officials at Ministry of Agriculture Irrigation and Livestock (MAIL) said efforts are underway to re activate the silo factories in the country, insisting that negotiation are ongoing with the World Bank to receive $ 30 Million for activating.
Minister of Agriculture Irrigation and Livestock Assadullah Zameer said, “ We have assessed the reactivation of the Silo factories with the cooperation of World Bank, The WB officials has promised to provide $30 Million for the re activation of the Silo factories in the country.”
Meanwhile officials at Chamber of Commerce and Industry (ACCI) have criticized the Ministry of Agriculture and Livestock for having no capability to reactive the Silo factories nor let the private sectors to do so.
Deputy of the Chamber of Commerce and Industry Baz Mohammad Afsar said, “ We are ready to invest on the sector but the law has been restricted, if the plat form for the cooperation is expanded then we will be able to work together with the Government to re activate Silo Factories in the country.”
Meanwhile Minister of the Agriculture Irrigation and Livestock Assadullah Zameer stated that the private sectors could invest at any part of the Agriculture section, cooperation is there to do joint efforts.
Economy experts said by activating of Silo factories in Kabul, Kandahar, Balkh, Baghlan, Kunduz thousands will be employed and the economy will be grown.
Silo bakery was built by Soviet Union in 1954 in Afghanistan, during the civil war in the country about 80 percent of the buildings were destroyed and most of the machines were broken.
Reported by: Aslam Hejaab
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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