After decades of conflict and the crippling legacies of communism and fundamentalism, Afghanistan is finally open for business. The signs are everywhere, from Kabul's traffic jams to Mazar-i-Sharif's building boom; from the opening of a Coca-Cola bottling plant to the country's first private university, the American University of Afghanistan, offering programs in business administration and information technology.
According to the World Bank, Afghanistan is ranked 16th among 145 countries for ease of opening an enterprise. The Afghan Investment Support Agency, the one-stop shop for investing in Afghanistan with streamlined business registration, reports that 754 foreign companies have registered investments of $1.3 billion in Afghanistan; some well-known names include Siemens (rehabilitating dams) and Serena Hotels (Kabul's first five-star). There are 13 private banks, including Standard Chartered Bank, Commerzbank-affiliated Kabul Bank, and ING-managed Afghanistan International Bank. A third mobile phone company, Lebanon's Investcom, will launch service in Kabul in June, having paid $40 million for its 15-year operating license. At least $100 million will be invested in cement manufacturing in 2006.
Writers of a certain ideological stripe whine that because Afghanistan isn't Switzerland, it's yet another sign that the U.S. can't get anything right. But fortunes are being made here by those who think for themselves. And there are few countries where Americans are as welcome. A recent BBC poll reports that 72% of Afghans see American influence as positive, as opposed to just 25% of the French and 21% of Germans.
Read the rest of the good news from Afghanistan.
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