Latest News
Three new dams to be built in Kandahar to ease water shortage crisis
Three new dams are being built in the southern Afghanistan province of Kandahar in a bid to ease an acute water shortage after years of drought.
China’s Xinhua News Agency reported the dams are being built in Shah Walikot and Spin Boldak districts.
The dam in Spin Boldak district will reportedly hold up to 2.3 million cubic meters of water and will cost 35 million afghanis (about $400,000) to build, Xinhua reported.
The other two dams are in Manda Kanda and Lawal Shah Walikot in Shah Walikot district.
“One dam with a capacity of 1.7 million cubic meters will be constructed in Manda Kanda at a cost of 50 million afghanis,” a local religious leader Mullah Khaleq told Xinhua.
Kandahar province is known for its grapes and pomegranates but has taken a hard knock in the past few years due to the ongoing drought.
Local farmers have had to rely on wells, which has in turn resulted in a further loss of underground water.
The new dams will bring water to two million acres of farmland, Xinhua reported.
Business
Afghanistan and Uzbekistan agree on export of 100,000 tons of Bamyan potatoes
Cooperation between the Afghanistan Chamber of Commerce and Investment and the Uzbekistan Chamber of Commerce has paved the way for exporting potatoes from Bamyan province to the Uzbek market.
In this regard, Sayed Karim Hashemi, President of the Afghanistan Chamber of Commerce and Investment, and Doran Vahabov, President of the Uzbekistan Chamber of Commerce, have agreed on the export of 100,000 tons of Bamyan potatoes to Uzbekistan. Work is underway to finalize the export agreement.
Meanwhile, the first shipment of potatoes, consisting of eight trucks, has departed for the Uzbek city of Termez through the Hairatan Port.
The chambers of commerce of both countries, in cooperation with local authorities in Bamyan, have facilitated connections between traders and farmers and coordinated the purchasing, marketing, and transportation of the produce. This initiative is expected to expand market opportunities for Bamyan farmers and strengthen trade between Afghanistan and Uzbekistan.
Latest News
Afghanistan and Russia discuss expanding economic cooperation and boosting investment
Afghanistan’s Prime Minister, Mullah Mohammad Hassan Akhund, met with Russian Deputy Prime Minister Alexey Overchuk in Kabul on Thursday evening, emphasizing the need to strengthen bilateral relations and expand economic cooperation between the two countries.
According to a statement from the Presidential Palace, several senior officials from both countries attended the meeting, including Afghanistan’s Foreign Minister Amir Khan Muttaqi and representatives of Russia’s political and economic sectors.
Akhund described Afghanistan’s security and stability as favourable conditions for foreign investment and thanked Moscow for recognizing the Islamic Emirate and supporting Afghanistan in international forums.
Meanwhile, Overchuk praised the security situation and developments in Afghanistan, expressing Russia’s interest in investing in various sectors of the country.
He said around 70 representatives of Russia’s private sector were accompanying the delegation and were expected to hold discussions with relevant ministries and institutions of the Islamic Emirate on trade and investment agreements, as well as ways to address existing obstacles.
The Russian deputy prime minister reaffirmed his country’s support for Afghanistan in various fields.
Latest News
Afghanistan and Russia sign 15 economic cooperation agreements worth $103 million
Afghanistan’s private sector and the Russian Federation have signed 15 economic cooperation agreements worth a total of $103 million.
The agreements were signed in the presence of Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, and Alexey Overchuk, Russia’s Deputy Prime Minister.
Under the agreements, the two sides will cooperate in importing medicines, wheat, flour, and cooking oil into Afghanistan, as well as exporting fresh Afghan fruits, particularly pomegranates, to Russia.
Expanding bilateral trade relations and developing economic cooperation in various sectors are also among the key areas covered by the agreements.
According to officials, the agreements will facilitate two-way exports and imports between the two countries.
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