ABADE Programme launched to support SMEs
KABUL (PAN): The United States on Wednesday promised to provide id="mce_marker"05 million over the next four years to Afghanistan’s small and medium enterprises (SMEs) that have the potential to be a key economic driver of the country’s development.
The owners struggle to obtain the required capital, management advice, equipment and technologies needed to grow their businesses. Women and youth can make significant contributions to private-sector growth but have limited opportunities.
USAID, in partnership with VEGA/IESC, launched the Assistance in Building Afghanistan by Developing Enterprises (ABADE) Program, which aims to significantly improve people’s lives by helping Afghan businesses.
Brooke Isham, USAID’s Deputy Mission Director, said: “Afghanistan has many talented entrepreneurs who have shown that businesses can prosper and create employment, despite difficult conditions. Through ABADE, our goal is to help these businesses thrive.”
Also present on the occasion, Minister of Commerce Dr. Anwarul Haq Ahadi said: “It is very important to provide financial assistance to growing small and medium Afghan enterprises. I hope this project will help Afghanistan emerge as a self-reliant nation in the future.”