Second Afghan provincial capital falls to Taliban within 24 hours


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Two provincial capitals have fallen to the Taliban within 24 hours, local officials confirmed to The National.

Government-aligned forces retreated from Sheberghan in Jowzjan province in the north on Saturday.

This came a day after Zaranj, the capital of the south-western Nimruz province – a key border town – was also seized by the insurgents.

Jowzjan, which is a stronghold of Abdul Rashid Dostum, the former Afghan vice president, was being defended by his son Yar Mohammad Dostum, along with members of a local volunteer force that had mobilised to fight the Taliban.

“They have entered Sheberghan and taken control of government facilities and buildings,” a local government employee who identified as Abdul Rauf told The National.

“The only area they don’t have control of is Bandar Aqina, which is a key border crossing,” he added, referring to a border town that lies between Jowzjan and Faryab province. It is about 100 kilometres from Sheberghan.

“Marshal Dostum’s older son, Yar Mohammad Dostum, is leading a resistance effort along with local militia groups and government forces, but the Taliban are still in control of large parts of Sherberghan,” Mr Rauf said.

Abdul Rashid Dostum, who leads the Junbish-i-Milli party that is influential among the Uzbek ethnic minority in the northern provinces, arrived in Afghanistan on Thursday from Turkey, where he was recovering from health issues.

Despite previous political rivalry, the Afghan government has backed Abdul Rashid Dostum’s militia force in the recent fighting against the Taliban.

Mr Rauf said that several hundred Junbish militia members were expected to arrive from Balkh province as reinforcements.

“We are hoping this helps change the equation on the ground,” he said.

In Zaranj, however, locals said that the district fell without any resistance from Afghan government forces and their allies.

“When the Taliban came to our city yesterday, there weren’t any troops. They took control of our city without a fight,” a local resident told The National, speaking on the condition of anonymity.

“Unlike Kandahar or Helmand, which they are still fighting for, there weren't any battles here.”

The local police force, he added, had retreated to the adjacent Chahar-Borjak district, which remains partially under Afghan government control.

“We don’t know yet if they have any plan to attack or if they do, when it will be,” he said.

Afghan military aircraft had been flying sorties against the Taliban, the Zaranj resident said.

“Last night the government conducted some air strikes. But they mostly only targeted equipment, vehicles and the buildings the Taliban took when they arrived,” he said.

Earlier reports had shown Afghans fleeing to neighbouring Iran as the Taliban advanced from Kang district, which they seized on Thursday.

Graphic videos and photos shared by local journalists with The National showed the extremist group murdering Afghan soldiers who had surrendered.

The US embassy in Kabul condemned the takeover of both provinces, calling it “unlawful”.

“We condemn the Taliban’s violent new offensive against Afghan cities. This includes the unlawful seizure of Zaranj, the capital of Afghanistan’s Nimruz province, the attack on Sheberghan, capital of Jowzjan province yesterday and today, and continuing efforts to take over Lashkar Gah in Helmand and provincial capitals elsewhere,” embassy officials said on Saturday.

The US government also raised concerns over the Taliban's imposition of draconian rules on civilians.

“These Taliban actions to forcibly impose its rule are unacceptable and contradict its claim to support a negotiated settlement in the Doha peace process,” said US officials.

“They demonstrate wanton disregard for the welfare and rights of civilians and will worsen this country’s humanitarian crisis.”

The resident in Zaranj confirmed that Taliban had already begun imposing their rules in the city and had ordered government officials to resume work.

“They have taken over the police headquarters and the governor’s office. They have also ordered the closing down of three girl’s schools, even though these schools were currently shut for summer vacation,” he said, adding that many women are concerned for their future in the city.

“Every Afghan believes that the US and the world has abandoned them,” he said.

“What was their strategy here which only resulted in civilians dying?”



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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

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Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

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Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

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The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: August 08, 2021, 8:03 AM