Young children learning at school in Ishkashim province in Afghanistan. Photo: Kiana Hayeri
Young children learning at school in Ishkashim province in Afghanistan. Photo: Kiana Hayeri
Young children learning at school in Ishkashim province in Afghanistan. Photo: Kiana Hayeri
Young children learning at school in Ishkashim province in Afghanistan. Photo: Kiana Hayeri

Aga Khan Foundation gets UK government funding for programmes in crisis-hit Afghanistan


Layla Maghribi
  • English
  • Arabic

The Aga Khan Foundation and the UK government have partnered to deliver a number of agriculture, healthcare and livelihood projects in Afghanistan.

The £11.2 million grant from UK aid will support AKF’s efforts to help Afghans move beyond immediate humanitarian relief and help communities in the struggling country rebuild, the organisation said.

After decades of conflict and last year’s return to Taliban rule, which led to the US freezing of $3.5 billion of funds in the Afghan central bank reserves, Afghanistan is in the grips of an “unprecedented humanitarian crisis”, the United Nations said.

A severe economic situation, high levels of poverty, natural disasters and the aftermath of the Covid-19 pandemic have left about 24.4 million people — 59 per cent of Afghanistan’s estimated 42 million population — in need of humanitarian and protection assistance.

Following a 12-day visit to the country in October, the UN special rapporteur on the situation of human rights in Afghanistan Richard Bennett called for urgent action” to avert further deterioration.

With winter approaching, a number of relief agencies have expressed concerns over the fate of millions of poverty-stricken people in Afghanistan. The UN’s humanitarian response plan estimates that a total $4.4bn in aid is needed, but its own figures say only $1.9 billion has been received by donors so far.

Kendra Schreiner, partnerships manager at the AKF UK said sanctions and the freezing of aid, which used to account for 75 per cent of the Afghan government’s spending, had led to severe education funding cuts and affected around 10 million children.

These factors have left rural communities with an even greater lack of resources, access to services, and capacity to cope with further shocks,” wrote Ms Schreiner about the new programme in a blog post.

“The impact on the quality of life has been enormous.”

AKF says it will use the funds to address gaps in the provision of education and health services and provide both on and off-farm livelihood support, reaching over 800,000 people across nine provinces.

Dr Najmuddin Najm, CEO of AKF Afghanistan, told The National that while he recognised the “many immediate needs around food, water, and healthcare”, the organisation wanted to focus on “doing more today to prevent a greater humanitarian crisis tomorrow”.

Women working in the fields along the Pyanj river. Photo: Nance Ackerman
Women working in the fields along the Pyanj river. Photo: Nance Ackerman

“We are also focused on things that will help communities absorb the shocks of the current situation and build their resilience — things like livelihoods and jobs, providing feed and fodder for livestock that support families, ensuring adequate seeds, fertiliser and other inputs for farmers and of course maintaining critical services in health and education,” said Dr Najm.

Global economic crises and concerns over funding the Taliban has lessened the in-flow of international aid to Afghanistan.

But the AKF says its decades-long presence in the country and “strict political neutrality” has allowed it to continue operating.

“We have always worked closely with and on behalf of the Afghan people, maintaining strict political neutrality,” Dr Najm said.

“Because we are so deeply rooted at the community level, the people themselves have ensured we can continue to do our work.

“They make sure the authorities know that we understand the local needs, that we listen and act impartially, that we are bringing vital services to everyone in need regardless of background or affiliation.

“That has allowed us to continue all our operations and even to expand them.”

Education, a sensitive issue in a country that has effectively banned learning for girls beyond primary school, is a main area of focus for the non-governmental organisation.

AKF says it will use the UK grant money to improve access to learning opportunities for primary-aged children, including 5,000 girls and 3,000 boys, through community-based approaches. The NGO also plans to provide catch-up classes for 15,000 girls and 10,000 boys.

Vegetable farmers trading their produce at the Ishkashim Cross Border Market. Photo: Nance Ackerman
Vegetable farmers trading their produce at the Ishkashim Cross Border Market. Photo: Nance Ackerman

Immunisations and maternal and child health will be the main areas of focus under the organisation’s healthcare provisions, with mobile and remote services expected to reach over 23,000 children and 35,000 women.

AKF will also provide psychological support services for Afghans suffering from trauma.

Recognising the “heightened restrictions” on women’s mobility and employment in Afghanistan, AKF says it wants to support opportunities in home-based, income-generating activities and micro enterprises, like farming and women-run processing centres.

“AKF is working to build the resilience of vulnerable Afghan communities so that they are better equipped to respond to the evolving nature of this crisis,” said Ms Schreiner.

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2004 Beat Andy Roddick

2005 Beat Andy Roddick

2006 Beat Rafael Nadal

2007 Beat Rafael Nadal

2008 Lost to Rafael Nadal

2009 Beat Andy Roddick

2012 Beat Andy Murray

2014 Lost to Novak Djokovic

2015 Lost to Novak Djokovic

2017 Beat Marin Cilic

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2002 Giselle Khoury (Colombia)

2004 Nathalie Nasralla (France)

2005 Catherine Abboud (Oceania)

2007 Grace Bijjani  (Mexico)

2008 Carina El-Keddissi (Brazil)

2009 Sara Mansour (Brazil)

2010 Daniella Rahme (Australia)

2011 Maria Farah (Canada)

2012 Cynthia Moukarzel (Kuwait)

2013 Layla Yarak (Australia)              

2014 Lia Saad  (UAE)

2015 Cynthia Farah (Australia)

2016 Yosmely Massaad (Venezuela)

2017 Dima Safi (Ivory Coast)

2018 Rachel Younan (Australia)

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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.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

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.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

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.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

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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Ground floor banquet hall: 370 square metres to accommodate about 750 people

Ground floor multipurpose hall: 92 square metres for up to 200 people

First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time

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Temple will be spread over 6,900 square metres

Structure includes two basements, ground and first floor 

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Founders: Michele Ferrario, Nino Ulsamer and Freddy Lim
Started: established in 2016 and launched in July 2017
Based: Singapore, with offices in the UAE, Malaysia, Hong Kong, Thailand
Sector: FinTech, wealth management
Initial investment: $500,000 in seed round 1 in 2016; $2.2m in seed round 2 in 2017; $5m in series A round in 2018; $12m in series B round in 2019; $16m in series C round in 2020 and $25m in series D round in 2021
Current staff: more than 160 employees
Stage: series D 
Investors: EightRoads Ventures, Square Peg Capital, Sequoia Capital India

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About Krews

Founder: Ahmed Al Qubaisi

Based: Abu Dhabi

Founded: January 2019

Number of employees: 10

Sector: Technology/Social media 

Funding to date: Estimated $300,000 from Hub71 in-kind support

 

How to help

Donate towards food and a flight by transferring money to this registered charity's account.

Account name: Dar Al Ber Society

Account Number: 11 530 734

IBAN: AE 9805 000 000 000 11 530 734

Bank Name: Abu Dhabi Islamic Bank

To ensure that your contribution reaches these people, please send the copy of deposit/transfer receipt to: juhi.khan@daralber.ae

Updated: November 07, 2022, 9:31 PM