Kazakhstan - The Times Of Central Asia

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Digitalization

The Next Steps for Central Asian Finance: Interview with Azerbaijani Fintech Leader Dr. Fuad Karimov

This week The Times of Central Asia will be attending the CAMCA Regional Forum, which this year is being held in Ulaanbaatar, Mongolia. The CAMCA network is a collection of professionals and policymakers dedicated to sharing ideas, knowledge and inspiration to accelerate the development of the Eurasia region; its name stands for Central Asia, Mongolia, the Caucasus and Afghanistan. Ahead of the Forum, The Times of Central Asia spoke with Dr. Fuad Karimov, Regional Managing Director of the payment software company Xsolla, about what the CAMCA program means for the Eurasian finance industry, and how Azerbaijan can work more closely with Central Asia. TCA: What condition do you feel fintech spaces are currently in, particularly in the Eurasia region? FK: Fintech [financial technology] across the CAMCA region is accelerating. Countries like Kazakhstan and Uzbekistan have made significant progress in regulation and adoption. In Azerbaijan, key drivers include state-led digitalization and innovative companies like PashaPay and Birbank, which are transforming consumer payment behavior. Cross-border transfers, mobile banking, and contactless solutions are increasingly common across the region. In what areas do you think CAMCA initiatives can help them improve? CAMCA can create platforms to harmonize financial regulations, facilitate cross-border fintech testing, and promote knowledge exchange. It can also help reduce friction in currency conversion. Regional collaboration can attract investors from the West and Asia. Priorities should include cybersecurity, financial literacy, AI in finance, and coordinated exploration of digital currency pilots like e-Manat, e-Tenge, and e-Soum. You're moderating a session on harnessing fintech in CAMCA markets. What topics do you expect to touch upon, and who are you looking forward to hearing from? We’ll cover the rise of digital national currencies (CBDCs), crypto regulation, exchange rate risk, and the impact of AI on lending, compliance, and fraud prevention. I’m especially looking forward to hearing from fintech leaders in the CAMCA region — each representing diverse policy environments and innovation models. Where do you see opportunities for Central Asia to work more closely with Azerbaijan? There’s strong potential in co-developing cross-border payment systems, digital identity frameworks, and startup accelerators. Azerbaijan can share experience in building public-private fintech partnerships, while Central Asia offers scale and growing demand. Aligning exchange rate mechanisms, regulatory approaches, and education systems will enhance regional integration. The CAMCA platform is an ideal space to turn these synergies into actionable policy and investment opportunities.

China-Central Asia Summit

China Strengthens Partnerships Across Central Asia at Landmark Summit

Chinese President Xi Jinping’s visit to Astana on June 16, ahead of the Second China-Central Asia Summit, marked a significant milestone in fostering deeper partnerships between China and Central Asia. With all of the region’s nations in attendance, the summit saw agreements signed across sectors such as energy, infrastructure, agriculture, and technology, solidifying China’s growing influence in the strategically vital region. According to Kazinform, China and the Central Asian nations are poised to finalize over 35 memorandums collectively valued at more than $17 billion during the second China-Central Asia Business Council meeting in Astana on June 17. A Lavish Welcome and Key Agreements [caption id="attachment_33021" align="aligncenter" width="2560"] Image: Akorda[/caption] Xi Jinping arrived in Astana amid unprecedented pomp and ceremony, including an honor guard, traditional dances, children in national costumes, and an escort of Kazakh Air Force fighter jets. This grand welcome highlighted the importance of the China-Kazakhstan partnership. During talks with Kazakh President Tokayev, the two leaders oversaw agreements spanning areas such as energy, space, agriculture, intellectual property, tourism, healthcare, science, and the digital economy. Tokayev spoke about Kazakhstan’s plans to build several nuclear power plants, including one with the involvement of China National Nuclear Corporation (CNNC). Characterizing CNNC as a “reliable strategic partner,” he also emphasized Kazakhstan’s role as a supplier of natural uranium and nuclear fuel to China. “CNNC is known worldwide for its high competence, so it will certainly occupy a worthy niche in our market,” Tokayev stated. Infrastructure development under China's Belt and Road Initiative (BRI) also took center stage. Plans to modernize logistics corridors, simplify customs procedures, and build new border facilities were discussed, reinforcing Kazakhstan’s role as a critical transit hub. The bilateral meeting was preceded by joint events, where business leaders from both nations signed dozens of agreements, including a $1 billion loan from the China Development Bank to the Development Bank of Kazakhstan. Another significant agreement saw Kazakhstan partnering with CNNC, Xiamen Wanli Stone, and the Satpayev Institute of Geological Sciences to explore cross-border ore belts and uranium extraction. Kazakhstan’s Role as a Regional Leader Kazakhstan has become central to China’s regional strategy, a focus reinforced during Xi Jinping’s visit, where Tokayev described China as a “close friend and reliable partner.” Kazakh Deputy Prime Minister and Minister of the National Economy, Serik Zhumangarin, meanwhile, highlighted the increasing significance of cooperation in agriculture and logistics within the region. “Central Asia is a key region for the development of dryland farming in the world. Currently, the countries of the region are actively promoting and diversifying the export of organic agricultural products to the Chinese market. Camel milk from Kazakhstan, cherries from Uzbekistan, dried fruits from Tajikistan, honey from the Kyrgyz Republic, and cotton from Turkmenistan are increasingly entering the Chinese market and are highly appreciated by consumers,” he stated. Zhumangarin also stressed the critical role of transport infrastructure in facilitating connectivity. At present, over 80% of land transportation between China and Europe passes through Kazakhstan. “We are interested in further deepening cooperation within China’s...

Society

In Kazakhstan, Gender Imbalance Persists Even Among Teenagers

A recent study by Finprom.kz, conducted in partnership with the National Statistics Bureau, sheds light on how Kazakhstani citizens allocate their time across work, leisure, and household duties. The findings reveal significant gender disparities that begin in adolescence and continue into adulthood. Unequal Distribution of Labor at Home The study was based on data from a modular survey conducted every five years, involving approximately 12,000 respondents nationwide. Participants maintained daily activity logs, including both weekdays and weekends. On weekdays, men in Kazakhstan work an average of 9 hours and 7 minutes, about an hour longer than women. However, when it comes to household duties and childcare, women spend more than twice as much time: 2 hours and 13 minutes compared to 48 minutes for men. The gap widens on weekends, with women spending 4 hours and 44 minutes on domestic tasks, compared to 1.5 hours for men. Meanwhile, men spend more time on social media, television, and reading the news, around 1.5 hours on weekdays and nearly 3 hours on weekends. Women engage in these activities roughly an hour less. A similar trend appears in general leisure and relaxation time, where men again lead. Gender Norms Form Early Gendered patterns in domestic labor emerge as early as adolescence. Boys aged 10-14 spend about 1 hour and 6 minutes a day on household chores, while girls dedicate 1 hour and 52 minutes. Cooking accounts for a large portion of this difference, with girls spending an average of 44 minutes on meal preparation. The study also found that parents with higher education levels spend more time with their children, regardless of employment status. Interestingly, unemployed men spend three times less time with their children than employed men, regardless of the day of the week. This correlation was not observed among women. Despite traditional assumptions, men dedicate nearly as much time to personal care as women. On weekdays, men spend 1 hour and 17 minutes on hygiene and grooming, just 3 minutes less than women. On weekends, they spend even more: 1 hour and 40 minutes, compared to 1 hour and 29 minutes for women. Unemployed men consistently surpass women in this area. Regional Disparities and Stress The study highlighted notable regional differences in time use. In North Kazakhstan, residents spend about 1.5 hours daily on cooking and eating, while in Shymkent, the figure is nearly double. Shymkent residents also spend just 8 minutes a day on rest and reflection, compared to over an hour in Mangistau. Cleaning and laundry take up 1.5 hours a day in Shymkent, one of the highest rates in the country. In contrast, residents of Astana spend just 39 minutes on these tasks. Screen time also varies significantly. On average, Kazakhs spend 2 hours and 3 minutes daily on digital content. In North and East Kazakhstan, this climbs to 2 hours and 40 minutes. Residents of Almaty, Ulytau, and Shymkent average 2 hours and 14 minutes, while those in Kyzylorda and Mangistau spend the least, 1 hour and...

Environment

Biopesticide Trials in Kyrgyzstan Pave Way for Greener Locust Control

Between June 10 and 13, Kyrgyzstan conducted a national trial of biological pesticides in the northern Chuy region, marking a step forward in the country’s push toward environmentally responsible locust management. The trial was led by the Ministry of Water Resources, Agriculture and Processing Industry with support from the Food and Agriculture Organization of the United Nations (FAO), and funded by the Japan International Cooperation Agency (JICA) and FAO’s own resources. The initiative is part of the broader “Programme to Improve National and Regional Locust Management in the Caucasus and Central Asia (CCA),” which aims to shift countries away from reliance on chemical pesticides. According to the FAO, biopesticides, particularly those using the Metarhizium acridum fungus, are emerging as an effective, selective alternative to chemical treatments. These biological agents target locusts and grasshoppers without harming humans or non-target species such as pollinators, birds, and aquatic life. Kyrgyzstan regularly faces locust threats from two species: the Moroccan locust and the Italian locust. Both are capable of rapid reproduction and forming large swarms that can severely damage crops and pastures. “Biological pesticides offer a safer alternative for controlling locusts before they reach crisis levels,” said Oleg Guchgeldiyev, FAO Representative in Kyrgyzstan. “They are especially useful for fragile ecosystems. Continued testing will enhance scientific and technical capacity, paving the way for a more resilient agricultural sector.” Field trials are a critical step toward integrating biopesticides into national locust control strategies. The urgency of the initiative is underscored by recent government data. As previously reported by The Times of Central Asia, the Ministry of Agriculture surveyed 114,000 hectares earlier this month and found locusts present on nearly two-thirds of the land. More than 74,000 hectares have already been treated with pesticides. The infestation has been particularly severe in southern regions, where early harvest cycles and warm temperatures create ideal conditions for locust breeding. By embracing biopesticides, Kyrgyzstan hopes to reduce environmental risks while maintaining effective pest control, balancing agricultural productivity with ecological responsibility.

Cyber Security

Personal Data of 16 Million Kazakh Citizens Leaked

Kazakhstan has experienced one of the most extensive personal data breaches in its history. According to Olzhas Satiev, President of the Center for Analysis and Investigation of Cyber Attacks (CARKA), over 16.3 million records, representing nearly the entire population, have been made publicly accessible. Scope of the Breach The compromised data includes surnames, first names, patronymics, gender, date of birth, individual identification numbers (IIN), addresses, phone numbers, citizenship, ethnicity, and other sensitive details. The source of the leak has not been identified. Experts suggest it may be a compilation of previously hacked databases redistributed via closed Telegram channels. Alternatively, it could stem from a new, as yet undetected breach. “This is one of the largest leaks. An investigation is currently underway. We are awaiting information from the technical service of the National Security Committee (KNB),” said Satiev. Government Response and Ongoing Investigation The Ministry of Digital Development, Innovation and Aerospace Industry (MCIA) stated that it is closely monitoring the incident. The ministry’s Information Security Committee, in cooperation with law enforcement and intelligence agencies, is analyzing the leaked data and verifying its relevance. Initial assessments suggest the breach likely originated from private information systems. The MCIA emphasized that no cyberattacks on government databases have been detected. “It is premature to draw final conclusions or confirm the accuracy of the leaked information until the investigation concludes,” the ministry said. Individuals affected by the leak will be notified through the e-government portal. The ministry also noted that previous leaks involved outdated information sourced from microfinance organizations and other commercial entities. Combating the Shadow Data Market Separately, the Ministry of Internal Affairs recently dismantled an organized group involved in the illegal sale of personal data. Authorities say the group accessed state databases and distributed information through Telegram channels, often in cooperation with debt collection agencies. More than 140 individuals, including channel administrators and company executives, were detained. Five suspects remain in custody. Investigators seized over 400 pieces of computer and electronic equipment. “The information was obtained from state databases and distributed through Telegram channels. Work is ongoing to identify all parties involved,” said Zhandos Suinbay, head of the Interior Ministry’s cybercrime division. Criminal proceedings have been launched under Articles 205 (unlawful access to information), 147 (violation of privacy), and 211 (distribution of restricted data) of the Criminal Code of Kazakhstan. The Interior Ministry vowed to intensify efforts to prevent further data breaches and urged citizens to be cautious, particularly when sharing personal information or using unsecured digital platforms.

Biotechnology

China to Invest $500M in Corn Processing in Kazakhstan

Chinese biopharmaceutical company Yili Chuanning Biological Co. will invest $500 million in a large-scale corn processing project in Kazakhstan’s Almaty region. The announcement came during the China-Central Asia Industrial and Investment Cooperation Forum held in Astana, where a memorandum of cooperation was signed between the Almaty region’s Akimat (local government) and Yili Chuanning, one of China’s leading biopharmaceutical firms. The agreement outlines the construction of a major processing facility in the Yenbekshikazakh district’s Shelek industrial zone. The project will incorporate advanced biotechnology for the production of amino acids, probiotics, and biodegradable materials, including packaging and medical products. The investment, valued at approximately $500 million, is expected to create up to 1,000 new jobs. The plant is projected to process hundreds of thousands of tons of corn annually. Chinese specialists are currently conducting a comprehensive assessment of the site, examining infrastructure, logistics, and economic factors, and preparing a phased implementation strategy. During the forum, additional agreements were signed regarding Chinese investments in Kazakhstan’s agricultural processing sector, several of which also target corn processing. One such initiative is an $800 million project by the Fufeng Group in the Zhambyl region. This facility will process up to one million tons of corn per year to produce high-value-added goods such as lysine and amino acids. It is expected to generate around 1,500 jobs and provide stable demand for regional farmers. Offtake contracts have already been signed for the supply of 300,000 tons of corn in 2025. In the Turkestan region, Xinjiang Lihua Group Co., Ltd. is developing a $420 million integrated cotton cluster. The project encompasses the entire production chain, from cotton cultivation to the manufacture of finished textile goods. Separately, the Investment Committee of Kazakhstan’s Ministry of Foreign Affairs signed a contract with Qingdao Wanlin Food Corporation for an $89 million facility dedicated to onion dehydration and deep vegetable processing. The plant will primarily export to China, the United States, and Europe. Kazakhstan is intensifying its efforts to advance deep agricultural processing, driven in part by challenges in exporting raw commodities.