Connect with us

Business

World Bank Approves $98.9m for Power Projects in Afghanistan

Ariana News

Published

 on

(Last Updated On: October 13, 2019)

The World Bank Group has approved a $98.8m financing package for two gas-to-power energy projects in Afghanistan.

The package will support Sheberghan and Mazar-e-Sharif Gas-to-Power Projects.

According to an official in the World Bank, Afghanistan’s energy needs are enormous and the new package will help Afghanistan’s development especially in terms of employment generation, economic growth and reduce of poverty.

“The World Bank is a main supporter of Afghanistan that provides help to our country in several aspects including energy sector,” said Shamrooz Khan Masjidi, a spokesman for the Afghan Ministry of Finance.

An official in the Afghanistan’s Chamber of Commerce and Investment (ACCI) also welcomed the World Bank support package.

Khan Jaan Alokozay, Deputy of ACCI said the package will encourage the private sector to invest more energy projects.

“There are a lot of Afghan companies invested in the country such as Ghazanfar and the Bayat Group. These companies have signed contracts with the government and would like to produce energy with their own initiatives,” Mr. Alokozay added.

Currently, Afghanistan is importing its needed energy from neighboring Tajikistan and Uzbekistan countries.

Business

ADB provides financial aids to enhance Agricultural Productivity in Afghanistan

Ariana News

Published

on

(Last Updated On: October 30, 2020)

The Asian Development Bank (ADB) on Thursday has approved an $18.28 million grant as additional financing for a project that aims to enhance agricultural productivity in northeast Afghanistan.

According to the ADB statement, the additional financing for the Panj–Amu River Basin Sector Project will improve access to water and enhance the resilience of watersheds to disaster and climate risks by expanding project activities in the provinces of Badakhshan, Kunduz, and Takhar. It will also help improve water access and management in six additional provinces: Samangan, Baghlan, Bamyan, Panjshir, Parwan, and Wardak.

“The additional financing will support the expansion of forestry and rangeland protection from 10,000 hectares to 27,760 hectares; installation of physical infrastructure and revegetation and reforestation; improvements in water availability to rural households for irrigation and other uses; and preparation of watershed resource management plans,” read the statement.

“Agriculture remains a major engine of growth for Afghanistan and plays an important role in improving the lives of the Afghan people,” said ADB Senior Project Officer Mohammad Hanif Ayubi. “This additional financing will help Afghanistan in its recovery from COVID-19 by improving water availability for irrigated agriculture and creating more employment opportunities for rural communities.”

The Panj–Amu River Basin is a major production center for wheat, rice, vegetables, and fruit. Increasing agricultural productivity in the area is expected to help address food insecurity and increase per capita incomes in rural communities.  

ADB has committed more than $879 million in grants (including ADB-administered cofinancing) in the agriculture, natural resources, and rural development sectors in Afghanistan since 2002.

Continue Reading

Business

Boosting regional cooperation priority of Afghanistan’s foreign policy: Atmar

Ariana News

Published

on

(Last Updated On: October 30, 2020)

Afghan Acting Foreign Minister Mohammad Haneef Atmar said Thursday that Boosting cooperation with the regional countries including Iran is one of the priorities of Afghan foreign policy.

Atmar spoke to Iran’s Energy Minister Reza Ardekanian via a video conference late on Thursday. 

Referring to the status of Iran in Afghan foreign policy and his recent meetings with the senior Iranian officials, Atmar stated that promoting and strengthening bilateral cooperation in the economic, trade, security fields, and exchanging technical experiences between the two countries’ experts is a priority of Afghanistan’s foreign policy.

In a statement released on Thursday, the Ministry of Foreign Affairs stated that the two sides discussed plans to expand cooperation in the field of energy transmission, trade and transit development, the inauguration of the Khaf-Herat railway, proposals for joint investments, preparations for holding the Joint cooperation commission meeting, finalization of a memorandum of understanding as well as the comprehensive document of cooperation between Kabul and Tehran.

Continue Reading

Business

Contracts signed to improve services at Afghan airports

Ariana News

Published

on

(Last Updated On: October 30, 2020)

Afghanistan Civil Aviation Authority and Group 42 of the United Arab Emirates signed three contracts in the areas of security services, operation management, ground handling, and aviation systems and technology on Thursday.

The contract was signed by Mohammad Qasim Wafayezada, Head of Afghanistan Civil Aviation Authority, and Mansoor Al-Mansoori, Chief Operating Officer of Group 42 of the UAE in the presence of President Ashraf Ghani, the national security advisor Hamdullah Mohib, and Acting Minister of Finance Abdul Hadi Arghandiwal at the Presidential Palace on Thursday afternoon.

The Presidential Palace said in a statement that Ataullah Nasib, Head of Investment Facilitation Unit of Office of the President said UAE’s Group 42 develop and deploy high-impact industry solutions in the sectors of aviation, energy, healthcare, oil and gas, and extractive industry, adding that the company showed willingness and commitment to enter into cooperation with Afghanistan in areas related to civil aviation, mainly for Afghanistan’s four international airports.

Terming the contracts ‘truly strategic, President Ashraf Ghani said, “We celebrated the birth of Prophet Mohammad (PBUH) this morning and signed strategic cooperation agreement with the UAE company in the afternoon.”

He added that historical and political relations between Afghanistan and UAE can be named as ‘comprehensive economic partnership’.

President Ghani said, unfortunately, the great potentials at Afghanistan international airports haven’t been utilized. He stressed that the government has entered into cooperation with G42 as the company has great experiences in the fields of security services, ground handling, and aviation systems and technology.

“I am confident that officials, service personnel of airports, clients, and our people will feel the tangible changes upon implementation of these contracts,” Ghani added.

“Our airports are our vital infrastructures so we need to ensure standard service delivery which is essential in terms of operation management and ground handling,” added the president while underlining that export of Afghan products through air corridor should meet those standards. 

President Ghani highlighted that Hamid Karzai International Airport has great potentials to turn into a cargo platform.

He added that international airports of Kandahar and Herat can serve as connection points with UAE and Mawlana Jalaluddin Balkhi airport can link Afghanistan to Central Asia, which altogether create a suitable network of airports.

Meanwhile, Mansoor Al-Mansoori stated that the contracts would create more opportunities for cooperation between Afghan and UAE institutions.

He noted that Afghanistan and UAE enjoy historical and friendly ties that have been further consolidated within recent years.

Continue Reading

Trending