Business
ADB Signs $415M Contract with Afghan Gov’t to Support Energy Sector
Afghanistan Ministry of Finance and the Asian Development Bank (ADB signed a contract worth 415 million dollars to boost Afghanistan’s energy supply and strengthen the country’s cross-border trade in energy.
The assistance includes $188.23 million from the ADB Asian Development Fund; $225.77 million in co-financing from the Afghanistan Infrastructure Trust Fund supported by the Governments of Belgium, Canada, Germany, the Netherlands, and the United States; and $1 million from the People’s Republic of China Regional Cooperation and Poverty Reduction Fund.
The Afghan government will also allocate $5 million for the second installment of this project from its own internal resources.
“We are grateful for the continued support of ADB to the energy sector in Afghanistan,” said Eklil Hakimi, Afghan Minister of Finance. “Energy is one of the government’s priority sectors and a foundation for economic growth. The Government of Afghanistan and ADB will continue working closely to develop the energy sector for the improved livelihoods and welfare of all Afghans.”
ADB also considers this project very essential for the economic growth of Afghanistan.
“Insufficient energy supplies severely constrain economic development and income opportunities across Afghanistan,” said Thomas Panella, ADB Country Director in Afghanistan. “This assistance will support the government’s national energy supply program, which will expand power supply to boost economic growth, provide employment, and reduce poverty.”
ADB is Afghanistan’s largest development partner in the energy sector with cumulative grant assistance of nearly $2.2 billion all of which is on budget.
ADB has been working to not only develop power imports for urgently needed electricity, but to provide distribution systems; develop domestic generation; build capacity and promote institutional reforms; and is currently developing a large renewable program that will include off-grid options.
Business
Kazakhstan eyes rare metals mining projects in Afghanistan and Rwanda
As Kazakhstan looks to expand its global mining footprint, the exploration of rare metals in Afghanistan and Rwanda marks a significant step towards diversifying its mining interests.
Kazakhstan is actively exploring mining opportunities in Afghanistan and Rwanda, focusing on rare metals, as part of a broader strategy to expand its resource development portfolio. According to a report by Kazinform, Tau-Ken Samruk, Kazakhstan’s national mining company, is conducting laboratory studies on mineral samples obtained from both countries.
The announcement was made by Iran Sharkhan, Kazakhstan’s Vice Minister of Industry and Construction, during the Geoscience & Exploration Central Asia 2026 event. Sharkhan emphasized the substantial resource potential in Afghanistan and Rwanda, noting that current efforts are directed towards evaluating the legal and regulatory frameworks in these countries, as well as verifying the geological prospects before proceeding with potential mining operations.
The laboratory testing, which is taking place at Tau-Ken Samruk’s facilities and additional labs in Kazakhstan’s Karaganda region, involves comprehensive analysis of base metals, rare metals, and rare earth elements from the two countries. These tests will determine the viability of large-scale mining operations in the future.
Sharkhan further indicated that if the laboratory results confirm promising geological findings, more detailed plans for mining projects will be disclosed in the coming months.
The report also highlighted that Kazakhstan’s major mining companies have already invested nearly 150 billion tenge into scientific research in the country’s mining sector, reinforcing the nation’s commitment to advancing its mining industry on both the local and international stages.
As Kazakhstan looks to expand its global mining footprint, the exploration of rare metals in Afghanistan and Rwanda marks a significant step towards diversifying its mining interests.
Business
Tripartite agreement to launch new Russia–Turkmenistan–Afghanistan transit corridor
The agreement is scheduled to be finalized on the sidelines of the Kazan Forum 2026, according to Russian media reports.
A tripartite agreement to establish a new trade and transit corridor linking Russia’s Republic of Tatarstan, Turkmenistan, and Afghanistan is expected to be signed in May, opening a fresh route for the movement of goods between Russia and Afghanistan.
The agreement is scheduled to be finalized on the sidelines of the Kazan Forum 2026, according to Russian media reports. The proposed corridor is seen as a strategic alternative to existing routes, particularly the North–South Corridor, which has faced disruptions due to ongoing tensions in Iran.
Rustam Khabibullin, head of the Russian Business Center in Afghanistan, said the new route could significantly streamline cargo transport between Russia and Afghanistan. He added that the corridor may also attract companies from Europe and Asia seeking more stable and reliable logistics options.
Afghanistan is considered a key supporter of the initiative. Once operational, the corridor is expected to facilitate direct shipments from Tatarstan to Afghanistan, reducing reliance on indirect transit routes through Central Asia.
The development has been welcomed by members of Afghanistan’s private sector, who say that expanding transit infrastructure and logistics networks could boost trade and contribute to economic growth.
In recent years, Afghanistan has emerged as an important market for Tatarstan’s halal products. According to reports, Afghan imports of halal goods from Tatarstan reached $51.7 million in 2025, marking a notable increase compared to the previous year. However, much of this trade has so far been conducted indirectly via third countries.
The planned corridor is expected to enhance direct trade links and improve efficiency in regional commerce.
Business
Russia backs Uzbekistan–Afghanistan trade hub, praises regional economic cooperation
A senior Russian diplomat has praised Uzbekistan’s efforts to boost regional trade and economic cooperation, highlighting the strategic importance of a new international trade hub near the Afghan border.
Mikhail Galuzin, Deputy Minister of Foreign Affairs of the Russia, made the remarks to media representative covering an international conference titled “Uzbekistan – Russia: Strategic Partnership in the Eurasian Space,” at the Termez International Trade Center in southern Uzbekistan.
Speaking to media representatives, Galuzin commended the development of the Surkhandarya region, describing it as a “unique oasis” with significant economic potential. He said the Termez International Trade Center—located in a free trade zone—represents a major step forward in strengthening trade links, particularly between Uzbekistan and Afghanistan.
“The project deserves the highest praise,” Galuzin said, adding that the center is expected to play a key role in expanding trade and economic ties and advancing broader strategic partnerships across the Eurasian region.
The trade center was established under a resolution by Shavkat Mirziyoyev and is designed to facilitate commerce by providing a platform for Uzbek and Afghan entrepreneurs to showcase goods and investment projects. According to Galuzin, such initiatives are already contributing to increased trade turnover, with Afghanistan currently ranking among Uzbekistan’s top trading partners.
He also noted growing interest from Russian regions and businesses in participating in the project, calling for further expansion of cooperation among the countries involved.
Galuzin emphasized that platforms like the Termez trade hub and international conferences play a vital role in building direct economic connections, which in turn help create stable supply chains and open new opportunities for trade and investment across the region.
-
Latest News4 days agoBaradar approves 17 projects worth over one billion AFN
-
Sport5 days agoATN secures broadcast rights for inaugural Afghanistan Wrestling Premier League
-
Sport4 days agoATN to broadcast second season of Ariana Snooker Championship
-
Sport5 days agoRajasthan Royals outclass Chennai Super Kings as IPL action continues
-
Latest News4 days agoAfghan delegation heads to China for talks with Pakistan
-
Latest News5 days agoTrump tells allies to ‘get your own oil’ from Strait Of Hormuz or buy from US
-
Business2 days agoTripartite agreement to launch new Russia–Turkmenistan–Afghanistan transit corridor
-
Sport4 days agoPunjab Kings edge Gujarat Titans in thrilling IPL clash as tournament gathers pace
