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UN praises Afghan women entrepreneurs’ economic activities

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(Last Updated On: August 23, 2023)

Marking World Entrepreneurs Day, the UN said Monday that it supports Afghan women entrepreneurs across Afghanistan and hailed their initiative to create jobs and contribute to economic growth.

“On World Entrepreneurs Day, we praise the amazing Afghan women entrepreneurs we work with across the country. We are proudly supporting them and their drive to innovate, create jobs, participate and contribute to economic growth against all odds,” said UN Women Afghanistan on its X (formerly Twitter) page.

However, Afghan women entrepreneurs expressed concern, saying that the UN does not support them.

“The United Nations only has luxury offices, which costs a huge amount per month, but unfortunately, it does not support women in the slightest, and in such a situation, I personally, as an entrepreneur, expect the United Nations to cooperate with Afghan women entrepreneurs,” said Nafisa Danesh, a member of the Women’s Chamber of Commerce.

Meanwhile, according to the statistics of the Ministry of Industry and Commerce, thousands of women entrepreneurs are investing in various sectors with the support of the government.

“Women’s Chamber of Commerce has 560 members. Across the country, about 8,000 Afghan women are actually active in various sectors of business, and their activities are mostly in seven sectors; handicraft sector, agriculture sector, health sector, service sector, food sector, industry sector and mining sector,” said Abdul Salam Jawad Akhundzada, a spokesman for MoIC.

“The presence of women in the investment and economic fields of the country can increase the food security of families and limit the scope of poverty in the country,” he added.

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Female entrepreneurs at Kabul women’s market say businesses are doing well

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(Last Updated On: September 26, 2023)

A number of female entrepreneurs at the special women’s market in Kabul say their businesses are improving day-by-day and that they have also set up online shopping opportunities for women.

These women say they are happy to have their own market where they can sell their own goods.

“Our clothes are Afghani Gand (traditional dress). Our sellers and buyers are both women. We are happy that such a market has been established in Kabul,” said Ferozah Qasimi, a woman entrepreneur.

“The good thing about this market for women and girls is that they can easily and calmly use the green space here, relax their minds and buy the things they need from one place,” said another woman entrepreneur.

“My request to government and foreign institutions is to join hands with us, to cooperate with us so that we can make further progress in our work,” said another businesswoman.

Meanwhile, the Women’s Chamber of Commerce says there is no limit to women entrepreneurs.

“We are seeing very good developments in this chamber which is creating markets and creating expos,” said Salma Yousafzai, head of the Women’s Chamber of Commerce.

The Ministry of Industry and Commerce (MoIC) spokesperson Abdulsalam Jawad Akhundzada stated that the ministry supports businesswomen.

“The Ministry of Industry and Commerce has always supported women entrepreneurs and has always supported them in all aspects of trade and industry,” said Akhundzada.

“Thousands of women in 34 provinces of Afghanistan are actually working in various sectors of industry and investment,” he added.

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Foreign cash aid and tight restrictions on afghani helps ‘stabilize’ local currency

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(Last Updated On: September 26, 2023)

Billions of US dollars, flowing into Afghanistan, in the form of cash aid, is helping to stabilize the local currency so much that the AFN has been propelled to the top of the global rankings this quarter.

According to America’s Bloomberg news agency, the afghani (AFN) has maintained its value against foreign currencies, especially the US dollar, on the back of the cash aid and other factors.

Additional actions are also helping to stabilize the currency including the Islamic Emirate’s ban on the use of Pakistani rupees and US dollars on the local market, and an increase in cross border trade, Bloomberg reported.

Currently, the AFN is trading at just under 80 afghanis to the dollar.

The international community has shipped in on over $40 million dollars a week since the fall of the former government. This money is handled by the UN and used for aid in the country.

Bloomberg reported however that the cash aid and increased trade with Afghanistan’s neighbors has propelled Afghanistan’s currency to the top of global rankings this quarter — an unusual spot for a poverty-stricken country.

The IEA’s tight restrictions on taking dollars out of the country, banning online trading and imposing prison sentences on those who break the rules, have also contributed to this stability, Bloomberg reported.

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IEA orders all government entities to procure domestic goods over imported products

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(Last Updated On: September 25, 2023)

Under the guidance of the Deputy Prime Minister for Economic Affairs Office, a meeting aimed at bolstering the industrial sector and supporting locally manufactured goods was held at Marmarin Palace on Monday.

Officials from key ministries, including finance, interior, industry and commerce, economy, the general directorate of intelligence, and representatives from the private sector participated.

Significant decisions were made to strengthen the domestic industrial landscape. The Afghanistan Chamber of Industry and Mines will formally present domestic products to the Tariff Committee, which will follow a meticulous process of assessing quality, quantity, and pricing. The Tariff Committee, which is made up of officials from the general directorate of intelligence, Afghanistan Food and Drug Authority, and Afghanistan National Standard Authority, will determine import tariffs so as to ensure domestically made goods are prioritized on the local market.

Their findings will be reported to the Office of the Deputy Prime Minister for Economic Affairs. Furthermore, in alignment with Resolution No.19 of the Cabinet of the Islamic Emirate of Afghanistan, all government institutions are mandated to prioritize the use of domestic products in their procurement processes. This commitment extends to cases where the quality of domestic products may lag behind foreign counterparts by 10 to 15 percent.

Government entities are directed to maintain comprehensive lists of domestic products and seek quotations accordingly during procurement. To address security concerns for industrialists and investors and foster effective coordination, it was resolved that within three days, the Ministries of Interior, Finance, Industry and Commerce, the General Directorate of Intelligence, and the Chambers of Afghanistan Trade and Investment and Industry and Mines will designate competent representatives to the Office of the Deputy Prime Minister for Economic Affairs.

Additionally, the Ministry of Industry and Commerce assumes the pivotal role of submitting product names, marks, and brands for anti-counterfeiting measures to the Office of the Deputy Prime Minister for Economic Affairs.

As a concluding mandate, the Tariff Committee, under the stewardship of the Ministry of Industry and Commerce, will comprehensively investigate the existing challenges related to invoice execution between the Chambers of Commerce and Investment and Industry and Mines.

Their findings and recommendations will be presented to the Office of the Deputy Prime Minister for Economic Affairs.

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