Thursday, June 20, 2024

“Afghan Invest” Company Inaugurates with a $250M Capital in Kabul

Immigration News

Saqalain Eqbal
Saqalain Eqbal
Saqalain Eqbal is an Online Editor for Khaama Press. He is a Law graduate from The American University of Afghanistan (AUAF).

A limited liability company (LLC), called the Afghan Invest, established in Kabul and acquired its license after an initial investment of $250 million.

According to the state-run Bakhtar News Agency’s report, the newly inaugurated company is established with an investment of $250 million.

The company presently has 13 investors from various regions of Afghanistan, but the number of the investors, according to the sources, is expected to grow to 50.

Senior officials of the Taliban’s interim administration, including cabinet officials, and ambassadors serving in Kabul, and members of the Afghan private sector attended the ceremony to inaugurate the company.

The LLC is claimed to be prepared to invest $250 to $300 million in four important sectors of the country which are construction, mining, energy, and agriculture.

A senior Taliban official, Mullah Abdul Ghani Baradar, who serves as the Taliban’s Deputy Minister of Economic Affairs, participated in the inauguration ceremony and has stated that the Islamic Emirate of Afghanistan (IEA) “fully supports” the traders, investors and businessmen who are willing to invest in Afghanistan.

While there are reports that some former government officials have returned to the country, She Mohammad Abbas Stanekzai reiterated and called on Afghans to “unite” and live in Afghanistan “with dignity”.

The Taliban’s support for the investors and businessmen comes at a time when the Taliban’s de facto interim government has yet to receive international recognition, and internal legitimacy after almost ten months of their rule.

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