KABUL, AFGHANISTAN | JUNE 19 - Five Afghan companies signed the first Public-Private Alliances (PPAs) with USAID in Kabul today. These companies have matched USAID funding, reaching a total investment value of $4.5million.
Through its Assistance in Building Afghanistan by Developing Enterprises (ABADE) Program, USAID will assist these firms to expand their businesses and inject additional revenue into the Afghan economy. The alliances are expected to create more than 260 direct and over 2,200 indirect new jobs.
The first five alliance partners include a fruit and nut processing facility in Kandahar, an innovative worm composting facility in Kabul, a construction machinery firm in Kabul, a pine nut harvesting and production project covering the Eastern forests and a quarry and marble processing facility in Maydan Wardak. Two of these companies are women-owned.
"The Green Organic Agricultural Production Company is grateful to ABADE for their investment in our project, and we hope this paves the way for success of other women-owned enterprises in Afghanistan," said Ms. Hakima Zolfaghari, the company's President.
Afghan businesses that enter into an alliance with ABADE have access to new technologies, equipment and technical assistance to help them grow their businesses.
The ABADE Program is awarded through the Volunteers for Economic Growth Alliance and funded by USAID. IESC implements the program in partnership with DAI.