Central Asia

Uzbekistan Special Report Interview with Sayidov Ulugbek, chairman of the board, Uztransgaz

Uzbekistan Special Report Interview with Fayzulla Shaismatov, deputy chairman, Thermal Power Plant

A radical restructuring and upgrading of Uzbekistan’s power sector is creating opportunities for foreign investors and adding new generation sources, from renewables to nuclear

Policymakers have unveiled an ambitious plan to revitalize and expand Uzbekistan’s chemicals industry with the help of foreign investors to serve booming domestic demand and boost exports

Uzbekistan Special Report Interview with Elmurodov Kholik, First Deputy Chairman of the Board, Uzbekistan National Power Networks

In an interview with GlobalMarkets, Golib Kholjigitov, head of Uzbekistan’s PPP Development Agency, lays out the advantages that working with the private sector can bring in terms of lower costs and more efficient delivery of much-needed infrastructure projects

New Uzbekistan under the leadership of His Excellency President Shavkat Mirziyoyev is transforming in many ways. Economic reforms, including state-owned enterprise reforms and liberalisation, are among the key pillars of current structural transformations in Uzbekistan.

IPO investors have one less deal to buy this autumn after Kazakhstan fintech firm Kaspi decided against proceeding with its London listing on Monday, because of volatile markets and disagreements about valuation.

Investors are growing more comfortable with Kazakhstan following a $344m trade in Halyk Savings Bank last week, and sources are hopeful the momentum will carry on through to next year as the country’s privatisation wave continues.

Kaspi.kz, the largest payments and e-commerce company in Kazakhstan, announced on Monday that it would proceed with an IPO on the London Stock Exchange (LSE) after filing a registration document last week.

Holding Group Almex, the investment vehicle owned by Dinara Kulibaeva and her husband Timur Kulibayev, closed books on a 10% stake in Halyk Bank on Thursday, sold via a marketed sale of global depositary receipts in London and Astana.

As IPO investors are considering the advantages of Kaspi, the Kazakh fintech and e-commerce firm seeking to list in London, its CEO, Mikheil Lomtadze, talked to GlobalCapital about the share sale and the advantages of being the Alibaba of central Asia.