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EITI: Afghanistan achieves transparency despite barriers
Following its second Validation, Afghanistan has made meaningful progress in implementing the Extractive Industries Transparency Initiative (EITI) Standard.
Afghanistan has been a member of the Extractive Industries Transparency Initiative since 2010, but its membership in the organization was suspended due to its inadequate implementation in 2014 and 2017.
The Extractive Industries Transparency Initiative (EITI) in a statement on Thursday said that Afghanistan has improved its transparency of licenses and contracts, state-owned enterprises and quasi-fiscal expenditures. As a result, Afghanistan’s temporary suspension has been lifted.
EITI board congratulates Afghanistan for addressing shortcoming identified in its first validation through systematic disclosures of data delivered by concrete reforms in government systems.
Afghanistan’s President Ashraf Ghani noted the important role the EITI plays in the country. “Every citizen has the right to know who is developing the country’s natural resources and how the government is managing the revenues from these industries on their behalf,” he said. “The EITI is one of the tools that is helping us achieve this policy objective. It has been instrumental in supporting our institution-building efforts in a sector critical to the economic future of Afghanistan.”
The Ministry of Mines and Petroleum announced Thursday that Afghanistan has rejoined the Extractive Industries Transparency Initiative (EITI).
Building transparent institutions and systems
Afghanistan’s government has embraced open data platforms, establishing online reporting systems to enhance transparency of extractive sector management and to address shortcomings identified in its first Validation. This has been achieved in an evolving political environment marked by presidential elections in 2019 and intra-Afghan peace negotiations in 2020. The World Bank underscored the EITI’s value in driving public finance management reforms in a context of fragility and violence.
In 2018, the Ministry of Mines and Petroleum (MOMP) launched a new Transparency Portal, providing information on licenses, fiscal terms, legal and beneficial ownership information, production data and non-tax company payments to government. Since then, the portal has become even more comprehensive.
Taking action to improve accountability
State-owned enterprises (SOEs) are important players in Afghanistan’s extractive sector, accounting for nearly two thirds of government extractive revenues between 2008 and 2017. Two SOEs – Afghan Gas Enterprise and North Coal Enterprise – are strategic for the government’s plans to improve revenue generation from the sector.
In 2019, Afghanistan undertook the landmark achievement of auditing the two SOEs for the first time. This exercise highlighted gaps in the SOEs’ record-keeping and financial management, and was a necessary step in the government’s plans to corporatise the enterprises. Moving forward, the government will need to ensure auditing becomes regular practice, drawing on EITI support to follow-up on findings.
Afghanistan’s government has legislated for beneficial ownership information to be made public for mining, oil and gas licenses. The country began publishing ownership data on its Transparency Portal earlier this year. Yet more work needs to be done to ensure that all beneficial owners are publicly disclosed, including politically-exposed persons and owners who control companies through non-equity means.
Strengthening multi-stakeholder oversight
EITI Board Chair Helen Clark commented on the significance of Afghanistan’s recent progress. “Afghanistan has made concrete achievements in improving transparency despite challenging circumstances,” she said. “The priority should be to draw on this emerging transparency for policy-making in the sector. This is key to broader economic development efforts and ensuring that all citizens have an opportunity to engage in debate on the governance of the sector.”
Data from EITI reporting – spanning several legislative changes and wide commodity price fluctuations over the past decade – provides a key resource to support further research and analysis. But despite proactive dissemination efforts, including in provincial capitals, there is a lack of data use by diverse stakeholders.
Yet an initiative by Integrity Watch Afghanistan stands out. The civil society organisation is expanding its community-based monitoring programme to include extractive activities, empowering host communities to track the impacts of extractive projects in their areas. Stronger engagement in EITI implementation by government, industry and civil society could lead to more such innovations.
Afghanistan’s informal mining sector is one area where there is a high demand for data. While the government collects USD 45m a year in mining revenue, it is estimated that more than six times that amount is being lost through unmonitored, small-scale mining activities. There is strong interest, particularly from civil society, to use EITI reporting to shed more light on unrecorded mining and support efforts to formalise the sector.
According to EITI Afghanistan will have 18 months (28 April 2022) to address the remaining five “Corrective actions” in its implementation of the EITI Standard.
The Afghan Ministry of Mines and Petroleum said that the ministry renewing its commitment to implement the corrective actions of the Extractive Industries Transparency Initiative.
The Extractive Industries Transparency Initiative is an international organization that ensures transparency in the country’s mines, gas and oil.
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Doha process private sector meeting highlights growth and coordination in Afghanistan
The session was divided into two segments, focusing on growth and inclusion in the first part, and coordination and transparency in the second.
The 3rd session of the Doha Process Private Sector Working Group was held both in-person and online at Kabul’s Grand Hotel, hosted by the United Nations Assistance Mission in Afghanistan (UNAMA).
The meeting brought together representatives from the Islamic Emirate of Afghanistan, including the Ministries of Foreign Affairs, Finance, Industry and Commerce, Economy, Labor and Social Affairs, and the Central Bank, alongside UNAMA, UN agencies, international and regional organizations, as well as ambassadors, diplomats, and private sector experts.
The session was divided into two segments, focusing on growth and inclusion in the first part, and coordination and transparency in the second.
Afghanistan’s Islamic Emirate representatives shared achievements and progress since assuming governance, while participants acknowledged these efforts and highlighted their ongoing support for the private sector. All parties offered recommendations to address challenges and emphasized enhanced cooperation moving forward.
International Sports
IPL 2026: Franchise sales gather pace as global investors circle teams
Royal Challengers Bengaluru (RCB) has been put on the market by its current owner and is estimated to be worth up to $2 billion.
Developments off the field are drawing growing attention ahead of the 2026 Indian Premier League season, with two franchises — Royal Challengers Bengaluru and Rajasthan Royals — formally up for sale and attracting interest from high-profile domestic and international investors.
Royal Challengers Bengaluru (RCB), one of the league’s most recognisable teams, has been put on the market by its current owner, Diageo’s United Spirits Ltd, following a strategic review. The sale process is expected to be completed by the end of March 2026. Market estimates suggest the franchise could be valued at around $2 billion, reflecting the soaring commercial value of the IPL.
Several bidders have been shortlisted for RCB, including investment groups led by Indian industrialists, private equity firms and overseas sports owners. Among those reported to have shown interest is a consortium linked to the Glazer family, co-owners of English Premier League club Manchester United. Non-binding bids have already been submitted, with binding offers expected in the coming weeks.
Rajasthan Royals (RR), winners of the inaugural IPL title in 2008, are also in the process of being sold. A shortlist of potential buyers has been finalised, featuring a mix of Indian and international investors, including private equity firms, entrepreneurs and media-linked groups. The franchise is expected to attract a valuation of more than $1 billion, according to market estimates.
Final bids for Rajasthan Royals are anticipated in early March, while the RCB transaction is expected to move into its final phase later this month. Any change in ownership will require approval from the Board of Control for Cricket in India (BCCI).
The potential sales mark one of the most significant ownership shake-ups in IPL history and underline the league’s growing appeal as a global sports investment as preparations continue for the 2026 season.
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FM Muttaqi meets Uzbek Central Asia Institute Chief, stresses stronger bilateral cooperation
During the meeting, the two sides discussed ways to further strengthen political and economic cooperation, as well as key regional issues.
Afghanistan’s Minister of Foreign Affairs, Amir Khan Muttaqi, has met with a delegation led by Joulan Vakhabov, head of Uzbekistan’s International Institute of Central Asia and adviser to the country’s deputy president.
During the meeting, the two sides discussed ways to further strengthen political and economic cooperation, as well as key regional issues.
Muttaqi said Uzbekistan has adopted a positive and goodwill-based policy toward Afghanistan, expressing hope that bilateral relations and cooperation would continue to expand.
He also underscored the important role of research institutions in promoting mutual understanding, enhancing cooperation, and developing a realistic assessment of regional dynamics.
For his part, Vakhabov praised the progress and stability in Afghanistan and voiced optimism that trade between the two countries would increase further in the current year.
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