Editor in Chief: Moh. Reza Huwaida Sunday, May 5th, 2024

Corruption Poses Major Challenge for Investment: Traders

Corruption Poses Major Challenge for Investment: Traders

KABUL - Afghan traders Saturday said that Afghanistan will continue to lose major investments in the country because of the rampant corruption and inaction of the government to correct the situation.

The traders said that Afghanistan's government had already lost a massive amount of investment in the last 11 years because of widespread corruption, bureaucracy in state organization, insecurity, and lack of government's support.

"Corruption is a key reason for investors to take their capital from Afghanistan because no one else is present to lose his/her capital," Afghan trader Mahmood Karzai said.

Meanwhile the High Office of Oversight and Anti-Corruption admitted the challenges ahead, saying corruption is the biggest challenge ahead of investments and economic growth in the country.

"Who will stay to invest in the face of the current challenges including the high level of corruption in Afghanistan? Nobody wants to lose capital. They will take their capital from Afghanistan," anti-corruption chief Azizullah Lodin said.

Although state officials repeatedly say the investments are growing in the country, traders believe that the obtrusive corruption and insecurity disheartens businesses from operating in Afghanistan. (Tolo News)