Mahmud Karzai

Mahmood Karzai, also spelled Mahmud Karzai, or Mahmoud Karzai (born 1957) is an Afghan businessman.

He was the third of the six children and son of a prominent political figure, Abdul Ahad Karzai who was a member of the Afghan National Assembly during King Zahir Shah's time.

Mahmood Karzai is currently the Chairman and President of the AFCO International LLC.

He is the elder brother of the former president of Afghanistan, Hamid Karzai and he is also the brother of Ahmed Wali Karzai, a politician in Afghanistan who served as Chairman of the Kandahar Provincial Council and was killed by his bodyguard in Afghanistan.

In 1973, Mohammad Daoud Khan overthrew Abdul Ahad's first cousin His Majesty Mohammad Zahir Shah in coup d’état and declared himself as president of Afghanistan.

Since Mahmood's father was a close aide of The King, Mohammad Daoud Khan removed many prominent members of the Karzai family from the government.

Worrying about the safety of his family, Abdul Ahad advised his son to leave for America till the current political storm would calm down.

Mahmood Karzai left for the United States in February 1976, where he attended Montgomery College in Montgomery County, Maryland to pursue his education in computer science.

During this time, the communist government of Afghanistan seized all of Karzai family's assets leaving them vulnerable.

Soon after, Mahmood chose to drop out of college to fully pursue his entrepreneurial ambitions.

Mahmood was working two jobs from 1977 till 1983 and managed to save $60,000 which he invested in establishing a restaurant called "The Helmand" in Chicago in the year 1985.

Seeing that there is a market opportunity for Afghan cuisine and the local's appetite to try new cuisines, 'The Helmand' was an instant success.

After the initial success of 'The Helmand' restaurant, Mahmood decided to turn this new venture into a chain of restaurants.

A couple of years after the opening of the first branch, Mahmood traveled to San Francisco.

The second restaurant was also met with immense success and later in October 1994, Mahmood opened his final chain of 'The Helmand' restaurants in Cambridge Massachusetts.

In the year 1996, Mahmood Karzai saw an upcoming trend of Mexican food becoming popular in America.

Seeing this opportunity in the market, Mahmood Karzai opened his first Tex-Mex Grill called 'Viva Burrito' in Boston, MA.

His final investment in the restaurant business was when he opened a Mexican restaurant in Maryland called 'Tampico Mexican Grill'.

After the fall of the Taliban, Mahmood travelled back and forth to Afghanistan frequently.

Seeing the current business environment in Afghanistan, Mahmood decided to spend the majority of his time trying to rebuild his home country.

Because of his constant and prolonged travel to Afghanistan, Mahmood had to sell his restaurant chains in the US and use the funds from the sale to start-up new businesses in Afghanistan.

Mahmood noticed a lack of representation for the business community in Afghanistan.

To address this issue, Mahmood started working on the formation of Afghanistan Chambers of Commerce & Industry (ACCI).

The sole purpose of this organization was to forward the concerns of private investors, entrepreneurs, and other businesses, to the government and other relevant authorities to make the businesses thrive.

Mahmood believed that for the chamber of commerce to function efficiently it had to be an independent entity based on memberships, election, and without the government's intervention.

Therefore, Mahmood and a group of Afghan entrepreneurs proposed USAID and the Afghan government in [2003] to reestablish this organization under the name of Afghanistan Chamber of Commerce and Industries (ACCI).

Which later became an independent organization, which promotes domestic production and trade in all provinces.

Currently, ACCI has more than 65,000 business members, 255 business unions, and several associations and cooperatives.

ACCI advocates for the interest of the business community and supports the free market economy and free trade in Afghanistan.

Mahmood Karzai was a shareholder in Kabul Bank, owning 20,548 shares, which represents 7.41% of the bank.

In the year 2006, Mahmmod Karzai along with Habib Gulzar, another Afghan entrepreneur, opened the first official Toyota dealership in Afghanistan.

Afghanistan's automotive sales industry primarily consisted of new or used cars imported either by individuals or small businesses.

Spare parts and service for the local cars were carried out by untrained local mechanics who lack the tools to carry out proper maintenance and repairs of the vehicles.

The business paved the way for other Afghan entrepreneurs to bring in motor dealerships and even though the Toyota dealership grew gradually, Mahmood Karzai sold his shares to his partner Habib Gulzar.

Mahmood saw the cement industry of Afghanistan in disarray and inoperable.

He planned on making Afghanistan's first and only cement production plant operational again so that it could help in the development of the country.

As Mahmmod was an integral part of the Afghan Chamber of Commerce and Industries (ACCI), he informed all the businessmen about the importance of having a local cement production plant "Ghori Cement", and Mahmood tried to raise capital by appealing to those businessmen.

Kabul Bank faced a big crisis in the year 2011 in which the Chairman and the CEO of the Bank were found to be involved in 'Ponzi Scheme'.

The bank was bailed out from Collapsing in 2011 and was renamed as New Kabul Bank.

All the shares of the bank were dissolved and it was nationalised soon after the bailout.