USAID recognizes Afghan entrepreneurs in the north
MAZAR-I-SHARIF (Pajhwok): The USAID has appreciated its 35 Afghan partners in public-private alliances in the northern region for investing millions of dollars to expand their businesses and create hundreds of jobs.
The USAID-funded Assistance in Building Afghanistan by Developing Enterprise (ABADE) program held a ceremony on Sunday in Mazar-i-Sharif, the capital of northern Balkh province, to recognize the contribution of a select group of companies that in collaboration with the ABADE program invested more than $3 million in expanding their businesses to create 700 new jobs over the next several years, the agency said in a statement on Tuesday.
These investment partnerships span the full range of productive activity. Some work in food manufacturing and agribusiness, others work in clothing and furnishings production, construction materials production, metal fabrication, carpentry, digital printing,orgeoscience services.”
On behalf of USAID, Sayed Hamid Hasami, ABADE Regional Manager-North, expressed his appreciation to the Afghan small and medium enterprises (SMEs) that had successfully completed investment partnerships with the ABADE public private alliance program.
The program promotes sustained business growth and jobs creation by mitigating the risks of investment. Under the program, SME partners define their growth plans and commit their resources to implement it.
ABADE complements their plans by contributing new capital equipment and providing technical assistance to help incorporate this into the businesses’ activity.
“ABADE provides vital support to the private sector in Balkh province. This program helps us become self-sufficient, creates more job opportunities, and families are happy as they see their income increase,” said Engineer Sher Ahmad Sepahizada, Regional Office Director of the Ministry of Commerce and Industry.
“We have always offered our support to ABADE and are always ready to join hands with them for more development”.
ABADE is a $105 million project that runs from October 2012 to April 2017. Up to now, it has developed more than 280 public-private alliances with Afghan SMEs with a combined value of over USD 260 million, resulting in increased sales and employment opportunities for Afghan businesses.
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