Page 891 – The Times Of Central Asia

19 Jan 2024

Uzbekistan, Uzbekistan International Affairs

Mirziyoyev to Visit China – Strengthen Strategic Partnership

June 27, 2024
By Times of Central Asia

At the invitation of the Chinese President, Xi Jinping, President Shavkat Mirziyoyev will make a state visit to China from January 23^rd to 25^th, the press service of the President of Uzbekistan has reported.

Within the framework of his stay in Beijing, a series of high-level talks and bilateral meetings are planned. The main objective of the visit will be to discuss and settle key aspects in further strengthening Uzbek-Chinese relations, with the aim of establishing a comprehensive strategic partnership and expanding practical cooperation in various fields. The partnership between Uzbekistan and China is of great strategic importance, the press service stated.

In addition, Mirziyoyev also plans to visit regions of China, where he will hold meetings with the heads of leading Chinese companies and representatives from banking and financial institutions.

19 Jan 2024

Central Asia, International Affairs, Kazakhstan, Kazakhstan International Affairs, Features, Kazakhstan Featurees

Kazakhstan to Send Peacekeepers on UN Missions

September 25, 2024
By Times of Central Asia

Kazakhstan has decided to send peacekeepers to the Middle East and Africa following a proposal by President Kassym-Jomart Tokayev. At a joint session of Parliament, deputies of the Mazhilis and Senate unanimously expressed their consent to send up to 430 service personnel to participate in the United Nations missions.

The initiative envisages the participation of personnel from Kazakhstan in the following missions: UN Disengagement Observer Force in the Golan Heights (UNDOF, Syria – Israel), UN Truce Supervision Organization (UNTSO, Palestine – Israel), UN Mission in the Republic of South Sudan (UNMISS, South Sudan), and the UN Interim Security Force for Abyei (UNISFA, Sudan).

“The Armed Forces of Kazakhstan are ready to allocate both individual servicemen as military observers and staff officers, and specialized units: infantry, medical, reconnaissance, engineering, which are most needed in UN missions,” said Minister of Defense, Ruslan Zhaksylykov.

To implement this decision, an international treaty will be concluded with the UN, which will determine the obligations of the parties, as well as the issues of financial and logistical support for the participation of the contingent in the mission. Transportation of service personnel and property will be at the expense of the Kazakhstani side.

This decision reflects Kazakhstan’s desire to look outward, take its place on the global stage, and participate more actively in international efforts. The deployment is set to begin in March 2024.[/vc_column_text][/vc_column][/vc_row]

19 Jan 2024

Kazakhstan Local Politics, Kazakhstan Life & Culture, Kazakhstan

Changes in Composition of National Kurultai

January 22, 2025
By Times of Central Asia

The Kurultai is a body which brings together representatives from different sectors of society to address important public issues. The involvement of public representatives and activists in the work of the Kurultai testifies to an aspiration for a broader and more comprehensive discussion and decision-making process at a national level.

On January 19^th there were changes to the composition of the National Kurultai, with Bauyrzhan Alteyev, Amangeldy Tolamisov, Gulmira Kanai, Sergey Ogai, Zhiguli Dairabayev, Kazbek Maigeldinov, Berik Uali, Anastasia Timoshchenko-Borovikova, Serik Sarybai, Daulet Turlykhanov, Alexei Lodochnikov, Sarsen Kuranbek, and Edik Sularov leaving their posts.

At the same time, new representatives were added, including the children’s ombudsman, Dinara Zakieva, and Mazhilis deputies, Nikita Shatalov and Nurlan Auesbayev. In addition, representatives of public councils from various regions were added.

Preparations are currently underway for the third meeting of the National Kurultai, which is scheduled for this spring.

18 Jan 2024

Central Asia, Business & Economy, Kazakhstan, Kazakhstan Business & Economy

Kaspi.kz Announces Plans for NASDAQ IPO

June 27, 2024
By Times of Central Asia

Kaspi.kz, the prominent financial and technological holding, has revealed its decision to launch an Initial Public Offering (IPO) on the renowned NASDAQ exchange in the United States. Representatives of the holding shared their intention to offer nine million depositary shares on the exchange, with each equivalent to one ordinary share in the company. The pricing of these shares will be determined through the bookbuilding process and the closing price of the global depositary receipt (GDR) on the day of the offering.

Kaspi’s shares are currently trading at $98.10 on the London Stock Exchange, and If this valuation is replicated funds raised from the IPO are estimated to reach $873,000,000, placing the market value of Kaspi.kz at $18.4 billion. The expected determination of the IPO price is set for the end of the application collection, during the night of January 18^th to 19^th, Astana time.

Kaspi.kz initially expressed its intention to partake in the NASDAQ IPO in October of the previous year, formally filing the application in December. The holding aims to list American depositary shares (ADS) on the Nasdaq Global Select Market (Nasdaq) under the symbol ‘KSPI.’ Kaspi.kz shares are already traded on the London Stock Exchange (LSE), Kazakhstan Stock Exchange (KASE), and Astana International Stock Exchange (AIX). The underwriters for the U.S. placement will be Morgan Stanley, JP Morgan, and Citigroup.

Kaspi.kz operates across three platforms: payments, marketplace, and fintech, offering a range of services such as online payments, peer-to-peer transfers, personal funds management, and online shopping. The group comprises Kaspi Shop LLP, Kaspi Bank LLP, Kaspi Pay LLP, and Kaspi Travel LLP. As of January 1^st, 2024, major shareholders include Baring Vostok fund (26.13%), Vyacheslav Kim (22.27%), and Mikhail Lomtadze (23.42%).

18 Jan 2024

Central Asia, Kazakhstan Local Politics, Kazakhstan

Kazakhstan Advocates for Cadaveric Donation to Address Organ Transplantation Needs

June 27, 2024
By Times of Central Asia

As of today, more than 3,800 individuals in Kazakhstan are in urgent need of internal organ transplants, with 90 of them being children. Despite the pressing demand for transplantation, the current waiting list is moving slowly, leading the head of the Kazakhstan Khalkyna (To the People of Kazakhstan) foundation to propose changes to the country’s laws. Specifically, the suggestion is to reinstate cadaveric donation, allowing the extraction of organs from deceased individuals without the need for explicit permission from their relatives.

Bolat Zhamishev, the head of the foundation, expressed the urgency of amending transplantation and cadaveric donation laws during a conference conducted in collaboration with the Ministry of Health. He emphasized the need to move both the government and the public to address the shortcomings, as Kazakhstan lags in organ donation rates.

Zhamishev highlighted that many individuals awaiting transplants have to rely on organs from foreign countries, particularly those where permission from relatives is not a requisite.

The financial constraints faced by those seeking organs from abroad have led individuals to seek assistance from Kazakhstan Khalkyna. However, due to the substantial costs associated with organ transplantation, the foundation’s resources are insufficient to support all of those in need.

Health Minister of Kazakhstan, Azhar Giniyat, acknowledged that the issue of transplantology is widespread globally, but emphasized that it extends beyond a medical problem, delving into moral and ethical realms. Giniyat stressed the importance of raising public awareness and readiness to consider organ donation after death.

Giniyat disclosed her personal commitment to becoming a posthumous donor and shared that, to date, approximately 40,000 citizens have registered consent for their organs to be donated in the case of their death on an electronic government platform. Of this number, 15% have formally documented their consent.

Over the past decade, Kazakhstan has conducted nearly 2,500 organ transplants. However, the country faced a setback last October when the authorities detained a group of individuals involved in illicit organ trading. The group, consisting of medical professionals and notaries, were engaged in the buying and selling of internal organs. A total of 22 people were detained, and eight instances of organ sales were identified, with transactions ranging from $13.200 to $22,000.

18 Jan 2024

Opinion Head, Central Asia, Kazakhstan, Kazakhstan Featurees

Visa-Free Travel from China Could Further Boost Kazakhstan’s Tourism Sector

June 27, 2024
By Times of Central Asia

When China lifted pandemic-era restrictions on travel to Vietnam in March 2023, the Vietnamese welcomed the news as it promised to increase tourism revenues and boost their economy. Prior to COVID restrictions, Vietnam had hosted 5.8 million tourists from China in 2019, and generated income in excess of $5 billion. Despite centuries of conflict, the Chinese and Vietnamese governments embraced the motto, “bury the past, open up the future,” and encouraged their people to be pragmatic and capitalize on the opportunities presented by bilateral economic cooperation.

Kazakhstan can likewise build on furthering existing opportunities for economic cooperation with China, such as visa-free travel, which came into effect in November 2023. China, the second largest economy in the world, has a growing middle class that is in search of new travel destinations. Kazakhstan, in turn, possesses many attractive sites that have the potential to become profitable tourism spots.

One aspect of this initiative could be the additional hiring and vocational training of tourism personnel, with specific attention given to Chinese tourists. The number of Chinese tourists visiting Kazakhstan has already been growing since the start of last year, and reached 85,000 YTD by November 2023. On average, each Chinese tourist spends $100 a day in Kazakhstan. According to People’s Daily, Chinese tourists are becoming more interested in traveling to countries along the Belt and Road Initiative (BRI), and Kazakhstan is among them. Convenient visa-free travel, geographic proximity, picturesque sites, low travel expenditures, and the availability of flights all make Kazakhstan an attractive destination. Moreover, tourism companies in China now offer tours that include Kazakhstan.

Possible fears among the hosting population that tourists could overstay their visas can be alleviated through the implementation of the relevant regulations in the above-mentioned agreement on visa-free travel, which limits tourists’ stay to 30 days, and allows for a 90-day cumulative stay within 180 days.

As relationships develop between these two large nations in Asia, the people of Kazakhstan can adopt the pragmatic approach of the Vietnamese with respect to the opportunities arising from increased tourism with China.

Aizada Nuriddenova is an Assistant Professor at the Social Sciences Department, SDU University, Kazakhstan and currently is a visiting scholar at the Central Asia Program, George Washington University.