The Fergana-Balkh Business Forum took place in Mazari-Sharif, gathering representatives from over 300 companies and enterprises, as well as business owners from both regions. Participants discussed opportunities to expand trade and economic ties, as well as prospects for implementing joint investment projects.
The event was attended by the Hokim of the Fergana Region, Qayrullo Bozorov, representatives of the Balkh provincial leadership, heads of chambers of commerce, and members of the business community. Bozorov emphasized that interaction between Uzbekistan and Afghanistan has reached a new level in recent years, noting that developing direct links between the two countries' regions has become a key priority.
Forum participants identified several promising areas for joint work. These include agriculture, trade, construction, pharmaceuticals, textile and food industries, as well as the cultivation and processing of fruits and vegetables.
Ibrahim Gazanfar, Chairman of the Balkh Chamber of Commerce, and other participants highlighted the importance of direct business contact for expanding economic relations, creating new partnerships, and executing joint projects. After the forum concluded, the Regional Hokimiyat of Fergana and Kamal Nabizada Ltd signed a memorandum on opening the Fergana Trade House in Mazari-Sharif. Additionally, a memorandum of cooperation was signed between the Chambers of Commerce of the Fergana Region and Balkh Province to support entrepreneurship and investments.
Bilateral B2B negotiations also took place within the framework of the event, where business representatives discussed product supplies, the creation of joint ventures, and the implementation of investment initiatives. The forum was organized with the assistance of the Afghan Chamber of Commerce and the regional administrations of Fergana and Balkh.
Keeping accurate records of livestock and finances helps improve herd management, track health patterns, and assess farm profitability. ARC experts, including Asanda Gumenge, Dr. Walter Schibu, and Dr. Yandi Sanaranu, shared four simple record-keeping templates to stimulate success in agriculture.
For many smallholder farmers, livestock farming is not just a business but a way of life. Although farmers often remember animals by appearance and can recall key events from memory, relying solely on memory can limit the growth and profitability of the livestock enterprise. Accurate record-keeping remains one of the most accessible yet underestimated tools for smallholder farmers.
Studies consistently show that farmers who keep precise records of production and finances are more likely to achieve higher productivity, improve herd characteristics, and make informed management decisions. Thus, record-keeping is a vital element of modern livestock management and a necessary step toward commercializing the smallholder sector.
Record-keeping involves documenting important information about animals and farm activities, such as births, deaths, purchases, sales, vaccinations, breeding, feed costs, and production metrics. Whether the records are kept in a notebook, diary, spreadsheet, or mobile application, these entries provide valuable information for making the best decisions.
Improved Herd Management
One of the main benefits is optimizing herd management. Farmers who document animal identification details, breeding dates, calving intervals, growth rates, and mortality levels can easily classify high-performing and low-performing animals. This information allows for well-informed decisions regarding breeding, selection, and replacement of livestock. For example, if records show that certain cows consistently produce healthy offspring, or a specific ram breed demonstrates rapid growth, high fertility, and disease resistance, these animals can be prioritized for the breeding program. Without records of origin and performance, such valuable information can be forgotten or ignored.
Enhanced Animal Health
Disease outbreaks can have devastating consequences for livestock keepers. Keeping medical records allows tracking vaccination schedules, deworming, treatments, and veterinary visits. This facilitates timely intervention and reduces the risk of disease spread within the herd. Medical records also help farmers identify recurring issues; if a disease appears regularly during a certain season, records can help uncover patterns and support preventive measures in subsequent years.
Financial Management and Profitability
Many livestock producers struggle to determine their business profitability due to a lack of financial accounting. Recording expenses, such as feed, medicine, transport, and labor, alongside income from livestock sales, allows for accurate profit measurement. Good financial accounting helps farmers find areas to reduce costs and improve investments. Furthermore, it serves as proof of the farm's efficiency when applying for loans, grants, or government support programs.
Supporting Market Access
As formal markets increasingly require traceability and compliance with food safety standards, record-keeping has become a prerequisite for participation in many value chains. Detailed production and medical records allow farmers to demonstrate the origin, health status, and rearing history of their animals, thereby increasing buyer confidence and market competitiveness.
Future Planning
In livestock farming, the saying 'you cannot manage what you cannot measure' is highly relevant. Records provide historical data that helps farmers plan future output, estimate feed needs, prepare for seasonal challenges, and set realistic business goals. Over time, farmers can compare performance across different seasons and years, allowing them to adapt management methods to increase productivity.
Many farmers avoid keeping records, considering it complicated or time-consuming. However, effective record-keeping does not require complex equipment. Often, a simple notebook divided into sections for inventory, health, breeding, and finance is enough to start. As the enterprise grows, farmers can transition to spreadsheets or digital record-keeping tools using portable devices like mobile phones.
For instance, they can begin with four basic records: 1. Animal Inventory; 2. Birth Records; 3. Medical Records; 4. Sales Records.
Record-keeping is one of the simplest and most cost-effective management tools available to livestock keepers. While many smallholder farmers focus on increasing herd size, long-term success depends on understanding the performance of each animal and the entire enterprise. Accurate records provide the information needed to improve breeding decisions, monitor animal health, control costs, and identify profitable market opportunities. They also enable farmers to respond more effectively to issues such as disease outbreaks, drought, rising resource prices, and changing market demands.
It is important to note that record-keeping transforms farming from reactive activity into proactive business. Farmers who maintain reliable records are better prepared to secure financing, comply with traceability requirements, and make informed decisions that support productivity and profitability. In the face of growing agricultural competition, good records have ceased to be a luxury and have become a necessity for sustainable livestock farming.
The main message for farmers is that starting record-keeping does not require expensive software or advanced technology. A simple notebook and commitment to consistently recording important events can make a huge difference. It is essential to start small, keep records regularly, and use the gathered information to guide your decisions. The most successful livestock keepers are not necessarily those with the largest herds, but those who best understand their herd and keep records to preserve good genetics. Accurate records provide clear insight and help turn livestock farming into a more productive, profitable, and sustainable business.
According to data from the National Agency for Advanced Projects, the volume of issued shares in Uzbekistan amounted to 269.4 trillion soums in the first half of 2026. Meanwhile, the volume of issued bonds reached 7.04 trillion soums.
The total volume of securities in circulation reached 276.4 trillion soums, with 2449 securities currently in circulation. During the period from January to June, a volume of securities amounting to 4.3 trillion soums was canceled.
As a result, stocks accounted for the majority of all issued securities by the end of the first half of the year. Their volume exceeded the volume of issued bonds by 38.3 times. This calculation is based on NAPP data: 269.4 trillion soums divided by 7.04 trillion soums approximately equals 38.3.
The net profit of the joint-stock company (JSC Kvartz) for the first half of 2026 amounted to 5.9 billion soums. This figure significantly contrasts with the net loss of 46.7 billion soums recorded by the company for the same period in 2025.
The company's total revenue for the period from January to June increased by 55.9% compared to the previous year, reaching 307.6 billion soums. Profit for the last twelve months was 54 billion soums, demonstrating a growth of 145.7% relative to last year; however, the company notes that this figure reflects the results of past reporting periods and does not fully reflect the current financial improvement.
JSC Kvartz also achieved a significant reduction in its debt burden. Long-term loans and borrowings were fully repaid, decreasing from 107.3 billion soums to zero. Regarding short-term loans and borrowings, they decreased from 175.8 billion soums to 139.9 billion soums.
As of the end of the first half, Kvartz's total assets reached 506.1 billion soums, representing a decrease of 19.2% year-on-year. Meanwhile, equity capital increased by 28.3%, amounting to 244 billion soums. Retained earnings remained at minus 91.8 billion soums, indicating an improvement of 37% compared to the same period last year.
