Connect with us

Business

MoEW Welcomes ADB $ 415m Aid for Energy Sector

Published

on

(Last Updated On: October 24, 2022)

barq_13_12_2016_dari_sot-mpg_snapshot_00-45_2016-12-13_17-47-21Afghanistan Ministry of Energy and Water (MoEW) praised a $ 415 million aid by Asian Development Bank (ADB) for assisting the energy sector.

Officials in Ministry of Energy say of the 415  million dollars aid, 240 million of it will be allocated to the construction project in Bamyan province.

“We have two programs according to the self-sufficiency plan; First, we want to increase products secondly, we want to connect the electricity transmission to the provincial center,” said Amanullah Ghaleb, deputy minister of energy and water.

Despite spending a large amount of money for electricity self-sufficiency in the country, analysts say the lack of effective solution caused Afghanistan fail to reach self-sufficiency.

“If the government can have a regular plan and focus on electricity resources, it can construct more substations from its revenues,” said Hasibullah Muahid, economic analyst.

According to the statistics, nearly two billion dollars spend for providing electricity in the past few years but still 70 percent our electricity is imported from outside.

Reported by Lida Neyazi

Advertisement

Business

Commerce ministry inks 10 MoUs to boost development of small and medium-sized businesses

Published

on

(Last Updated On: April 19, 2024)

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.

Continue Reading

Business

Export volume totals over $140 million in last month of 1402

Published

on

(Last Updated On: April 17, 2024)

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.

Continue Reading

Business

Afghanistan-Kazakhstan chamber of commerce opens in Herat

Published

on

(Last Updated On: April 15, 2024)

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.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!