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Thursday, March 05, 2009

Another Karzai Forges Afghan Business Empire

Eight years ago, Mahmoud Karzai was running a handful of modest restaurants in San Francisco, Boston and Baltimore. Today, Mr. Karzai, an immigrant waiter-turned-restaurant owner, is one of Afghanistan’s most prosperous businessmen.

The older brother of Hamid Karzai, the Afghan president, Mahmoud Karzai has major interests in the country’s only cement factory, its dominant bank, its most ambitious real estate development, its only Toyota distributorship and four coal mines.

He and a business partner run Afghanistan’s national Chamber of Commerce — which has far more clout than its American counterpart — allowing him to broker deals and lure foreign investors. For executives with problems with the Afghan government, he is the man to see. One prominent Afghan critic describes him as a “minister maker” with sway in hiring and firing top officials.

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