The House of Emerging Entrepreneurs Launches in Kabul
What is the impact of the withdrawal of a large number of U.S. and international forces from Afghanistan in 2014? The bad news: many local and international businesses closed their doors as a result, the rising unemployment rate in Afghanistan. The good news: it gave birth to many young entrepreneurs. Immensely talented and energetic, the young Afghans looked beyond employment to create their own innovative ventures. The mindset shifted toward entrepreneurship, just like the case of Finland when Nokia collapsed – it did hurt the economy at first, but it also led to the creation of many more successful businesses by the same people that used to work for Nokia.
“CoWorthy is not just a shared space; it is now the house of entrepreneurs and like-minded creative individuals that need a community.”
The young Afghan entrepreneurs have to self-fund their initiatives and ending up spending the majority of their savings on setting up and running an office space.
To play their part, two entrepreneurs from Kabul, Sher Shah Rahim and Matiullah Rahmaty, join hands to set up the most affordable coworking space in Kabul: “CoWorthy.” Coming from entrepreneurial backgrounds, Sher Shah and Mati both know the hustles a startup goes through to become successful. CoWorthy is not just a shared space; it is now the house of entrepreneurs and like-minded creative individuals that need a community.
CoWorthy can accommodate up to 30 startups. It has a training room, two meeting spaces, fast internet, starter refreshment, recreational space, and a friendly environment.
CoWorthy launched in August 2018 and was fully booked by the end of November 2018. Sher Shah and Mati plan to expand their branches and launch Coworthy in other cities of Afghanistan as well, enabling entrepreneurs to achieve more with less.
Will you pay them a visit and show your support? Contact CoWorthy at [email protected].
Business DNA is Afghanistan’s grand business magazine, bringing you entrepreneurial stories, business intelligence, economic research and analysis, investment opportunities, and management best practices in print and digital editions from the heart of Afghanistan in Kabul.