Connectivity - The Times Of Central Asia

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CAMCA

Opinion: The 2026 CAMCA Regional Forum Concludes – What’s Next?

The 2026 CAMCA Regional Forum has concluded in Baku after two full days of conversation on a range of topics shaping the future of the region. The closing ceremony included an official announcement that next year’s Forum will take place in Uzbekistan in June of 2027. The question now is: in the lead-up to next year’s convening, how do we build on the connections, ideas and momentum built in Baku to truly advance regional cooperation in the months ahead? How do we turn conversation into action? The mechanism and catalyst for this will be the CAMCA Network – the dynamic collection of more than 300 talented leaders spread throughout the entire region and beyond – united by a common conviction that a successful future of the CAMCA region lies in intraregional cooperation and collaboration. Through existing initiatives, such as CAMCA Talking magazine, and forthcoming projects – CAMCA TV and the CAMCA Conversations podcast – the network will utilize these innovative platforms to raise awareness around the important developments taking place within the CAMCA region, and, most importantly, to highlight where regional cooperation is well underway, where more is needed, and how leaders across sectors can do their part to drive tangible collaboration to the next level. While the CAMCA Network can serve as an important stimulus of this effort, it is critical that we continue to expand the CAMCA community across all sectors and build partnerships with individuals, organizations and companies that share our vision for CAMCA’s connected, collaborative and prosperous future. This is the charge we take from Baku and will be an integral part of CAMCA’s next chapter. From his time in public service and at the outset of the Rumsfeld Foundation’s work with rising leaders from the region, Secretary Rumsfeld believed in the incredible potential of the CAMCA region, predicated on the ten countries themselves recognizing the benefit of their enhanced cooperation. 20 years ago, there were few who shared his vision or his optimism. Today, on the heels of the 12th annual CAMCA Forum, this vision has come to life, and global interest and momentum are in CAMCA’s favor. As we look towards the 2027 CAMCA convening in Uzbekistan, we are eager to invite partners from within the region and across the globe to join us in building CAMCA’s next chapter. The groundwork has been laid, and a dedicated and energetic network of regional trailblazers now exists – let’s put it to work and bring CAMCA to a new level. The CAMCA Regional Forum is an annual, non-partisan event dedicated to promoting dialogue, cooperation, and sustainable economic growth across Central Asia, Mongolia, the Caucasus, and Afghanistan. Established as a premier platform for high-level engagement, the Forum convenes diverse stakeholders from government, business, academia, civil society, and beyond. The Forum is co-organized by the Rumsfeld Foundation, Central Asia-Caucasus Institute, and the CAMCA Network. Learn more at www.camcaforum.org. The views expressed in this article are those of the author and do not necessarily reflect the official policy...

CAMCA

Opinion: Building Bridges, Backing the Future: Why Entrepreneurs Must Connect Across Borders

In the age of AI, capital and code travel fast. Trust does not. That is why the most valuable infrastructure our region can build right now is human: entrepreneurs who know each other across borders. This week in Baku, at the CAMCA Forum 2026, two moments stayed with me. The first was a conversation on stage with investor Lucy Chow about what it means to back the future when artificial intelligence is rewriting the rules of business. The second happened a day earlier, quietly, at a signing table. The CAMCA network signed a Memorandum of Understanding with YEGAP, the Young Entrepreneurs Group of Asia Pacific. Mr. Hiromi Aoki travelled from Japan to be with us. The purpose is simple to state and hard to do: build a lasting bridge between the founders of Central Asia, Mongolia, the Caucasus and Afghanistan and their peers across Asia-Pacific. Those two moments are connected. The more powerful technology becomes, the more the advantage shifts to people who are connected to other people. What "backing the future" means now I opened our session by asking Lucy what "backing the future" means to her. We spent the next hour testing that phrase against the realities of AI: what is truly different about this wave, where the signal ends and the hype begins, and where entrepreneurs still have room when so much capital flows to a handful of AI giants. The answer that emerged was reassuring. AI changes the tools, the speed and the cost of building a company. It does not change what makes a company worth backing: a visionary founder, a real problem, a great solution, a customer who will pay to solve it, and a team that can execute and adapt. What AI does change is the bar. When anyone can build a prototype in a weekend, a prototype is no longer proof. The proof is distribution, domain knowledge and trust with customers. Those are exactly the things the world's largest AI labs cannot buy in Almaty, Tashkent, Ulaanbaatar or Baku. That is where the space for our entrepreneurs lies. Not in competing to build the biggest foundation models, but in applying AI to the industries we know better than anyone: agriculture and herding, logistics along new trade corridors, remittances and financial inclusion, energy, health, education and natural resources. The main focus should be to really focus on our uniqueness and take that to the world and showcase our local identity. Investors back people, and people are shaped by their networks When technology moves this fast, how do you judge a founder? The qualities we discussed are not new: resilience, curiosity, honesty about what is not working, and the speed to learn and change course. What is new is how quickly those qualities are tested. A founder today may need to rebuild a product three times in the time it once took to build it once. One quality matters more than it used to: the ability to learn from others. No founder can track...

CAMCA

Opinion: CAMCA: From Regional Connectivity to Cross-Border Innovation

What would it take for a fintech company that succeeds in one CAMCA country to enter another without starting from zero? That question guided a roundtable on the next digital Silk Road at the CAMCA Regional Forum in Baku. The discussion brought together leaders in financial services, investment, and technology from a region spanning Central Asia, the Caucasus, Mongolia, and Afghanistan. As moderator, I wanted to move beyond the broad ambition of regional connectivity and examine what companies need to operate across borders: working payment systems, partnerships, regulatory clarity, and a path to their first customer in a new market. The panel featured Tughra Musayeva, Head of Innovations at PASHA Financial Holding; Jenny Jenish kyzy, Product Owner at MBank Junior and a CAMCA Network member from Kyrgyzstan; Muna Shukurova, Managing Director of Alif in Uzbekistan and a CAMCA Network member from Tajikistan; and Jonathan Low, Founder and Group CEO of Ampyre Group and Biptap. A central theme was financial infrastructure. The speakers explored the potential for pilots using existing platforms to connect CAMCA markets, including cross-border payments, business settlements, digital wallets, and new settlement technologies. Such pilots would require regulators and private companies to work together on defined problems and learn from results. Mr. Low argued that the region has an opportunity to make deliberate choices about the systems it wants to build: “Most regions overregulate before they even know what they're building. CAMCA has an advantage here, it can watch Europe's and ASEAN’s fintech buildout and skip the mistakes instead of repeating them and learn what works. But that only works if you decide what you want first. Regulation should follow the vision, not replace it. And the tool that actually unifies a region this spread out is banking orchestration, new technology stitching fragmented markets into one functioning system.” Expansion also raises a practical question for companies already active in more than one market: which capabilities can travel, and which parts of a product must change? Requirements for licensing, identity checks, anti-money-laundering controls, infrastructure, and consumer behavior differ across countries. Ms Shukurova drew on Alif’s experience of entering other CAMCA markets: “Regional expansion is not a copy-paste exercise. You can replicate technology, risk expertise and operating capabilities, but the product still has to be built around local regulation, infrastructure and customer behavior. The core can travel; the market fit has to be local.” The panel then turned to the role of established financial groups. For a startup, a successful pilot can demonstrate that a solution works. It becomes more valuable when that result helps the company find a partner or customer in its next market. Corporate networks and regional investors can help make that step less costly. Ms Musayeva described the gap between proving a product and expanding it: “In our region, a startup does not scale simply because its technology is scalable. It scales when the ecosystem reduces the cost of entering the next market. Today, a founder who has proven a solution in Tashkent still arrives in...

CAMCA

Opinion: Central Asia’s Wider Future: The CAMCA Network Brings Regional Cooperation to Baku

Central Asia is helping shape a wider regional agenda, one that connects trade and investment with technology, education, and security. In Baku, the CAMCA Regional Forum is bringing together the people who can carry that agenda forward, with the CAMCA Network helping turn shared interests into opportunities for cooperation. Taking place on October 1–2 at the Fairmont Baku Flame Towers, the 2026 CAMCA Regional Forum convenes policymakers, business leaders, investors, educators, researchers, and entrepreneurs under the theme “The World and CAMCA: A Region at the Crossroads.” Its central question is how regional cooperation can expand economic opportunities and strengthen the capacity of countries and communities to shape their future. The CAMCA Network helps shape this conversation. As a co-founder and co-organizer of the forum, it connects professionals across Central Asia, Mongolia, the Caucasus, and Afghanistan. Its members contribute expertise, lead discussions, and bring the experience of working in the region into the program. They also give the forum continuity: relationships strengthened in Baku can support collaboration long after the gathering concludes. For Central Asia, that wider community matters. The five countries have distinct economic structures, resources, and international relationships. Cooperation must reflect those differences while identifying where shared effort can expand their choices. Connections with the Caucasus, Mongolia, and Afghanistan offer different opportunities and challenges, each deserving a place in the regional conversation. The CAMCA Regional Forum’s discussions of global shifts through 2030 and greater Central Asia–Caucasus convergence address this strategic landscape. “From C5 to a Wider Framework” asks how a broader geography of cooperation might serve the region’s interests. The underlying issue is the ability of countries to shape their own decisions: how working with neighbors can strengthen their options in a changing international environment. Economic connectivity provides a concrete test. Routes across the Caspian and through the Caucasus can help Central Asian countries reach additional markets and partners. Their value depends on dependable transport, workable procedures, and institutions able to coordinate across borders. Businesses need enough certainty to invest, plan, and build lasting commercial relationships. Today’s discussion on connecting CAMCA to the world brings these questions together. For Central Asia, the opportunity extends beyond moving goods through the region. Better connections can support production, logistics, services, and investment within it. The strategic objective is to create more value locally and give regional enterprises a stronger place in wider markets. The forum’s paired sessions on public policy and the private sector approach that objective from complementary directions. Governments influence the conditions under which companies operate. Businesses decide where to commit capital, develop products, and employ people. Bringing these perspectives together helps clarify which barriers require public action and where commercial initiative can move cooperation forward. Technology adds another dimension. The discussion of artificial intelligence asks where CAMCA fits in a rapidly changing global economy. The Digital Silk Road roundtable connects that question with financial services and innovation. For entrepreneurs in Central Asia, digital connections can open access to customers, payments, financing, and partners across borders. The investment and entrepreneurship...

Connectivity

EU Launches Platform to Mobilize Up to €2 Billion for Europe–Central Asia Connectivity

The European Commission launched a Connectivity Agenda Platform on June 23, 2026, and concluded statements of intent with international financial institutions expected to mobilize up to €2 billion ($2.3 billion) for transport, border-crossing and trade-facilitation projects across the Black Sea region and the South Caucasus. The initiative was unveiled at a high-level ministerial meeting in Brussels, hosted by European Commissioner for Enlargement Marta Kos, Commissioner for International Partnerships Jozef Síkela, and Commissioner for Sustainable Transport Apostolos Tzitzikostas. The meeting brought together transport ministers and senior officials from EU member states, as well as representatives from Armenia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Türkiye, Ukraine, and Uzbekistan, alongside international lenders, to advance connectivity projects under the EU’s Global Gateway strategy. The new platform is designed to coordinate investments and policy actions across transport, energy, digital connectivity, and trade. Participants also agreed to improve the operational efficiency of the Trans-Caspian Transport Corridor, a wider framework that includes the Trans-Caspian International Transport Route, or TITR, also known as the Middle Corridor. The route links China and Europe through Central Asia and the South Caucasus, offering an alternative to transport routes crossing Russia. The European Commission said the expected financing would support transport infrastructure, border-crossing modernization, and trade-facilitation projects aimed at improving freight movement across the corridor. “The Trans-Caspian Transport Corridor is becoming a vital bridge between Europe and Asia,” Síkela said, adding that the investments would help make the route faster, more reliable, and better integrated. Tzitzikostas said stronger transport links were critical for economic competitiveness and regional resilience. The platform’s launch came during Kazakh President Kassym-Jomart Tokayev’s official visit to Brussels, where he met with European Council President António Costa and European Commission President Ursula von der Leyen. In an EU–Kazakhstan joint statement, the leaders reaffirmed the strategic importance of the Trans-Caspian corridor and pledged deeper cooperation under the EU’s Global Gateway strategy. They also highlighted the EU’s role as Kazakhstan’s largest trade and investment partner and agreed to deepen cooperation in critical minerals, energy, transport, digitalization, and emerging technologies. Speaking at the Kazakhstan-EU roundtable in Brussels, Tokayev said Kazakhstan was investing heavily in infrastructure to position itself as a regional logistics hub connecting Europe, Central Asia, China, the Caucasus, and the Middle East. According to Tokayev, cargo volumes along the Middle Corridor have risen fivefold over the past six years, from 0.8 million tons to 4.1 million tons annually, with Kazakhstan targeting a capacity of 10 million tons. He said Kazakhstan has invested more than $35 billion in transport and logistics infrastructure over the past 15 years, with the Caspian ports of Aktau and Kuryk serving as major transit gateways. Tokayev also welcomed logistics agreements worth nearly $1 billion signed on June 23 by the Development Bank of Kazakhstan: one with the European Investment Bank, and a separate agreement with a banking syndicate including Commerzbank, JPMorgan Chase, and Standard Chartered, backed by guarantees from the Multilateral Investment Guarantee Agency (MIGA). A day earlier, Kazakhstan and European partners announced four transport-related agreements worth...

EU-Kazakhstan Cooperation

Tokayev Heads to Brussels as Kazakhstan and EU Seek Progress on Trade, Minerals and Transport

President Kassym-Jomart Tokayev arrived in Brussels on June 22 seeking to advance cooperation with the European Union on critical minerals, transport connectivity, investment, and visa facilitation, as Kazakhstan and the EU move from framework agreements toward implementation. Tokayev’s official visit brings him together with the European Union's two senior institutional leaders and Belgium's prime minister. Tokayev is scheduled to meet European Council President António Costa at 7 p.m. on Monday. A joint meeting with Costa and European Commission President Ursula von der Leyen is set for Tuesday. His program also includes Belgian Prime Minister Bart De Wever and a Kazakhstan-EU roundtable with senior European business executives. The announced agenda covers the enhanced partnership, bilateral ties and international issues. The business roundtable will focus on investment, trade and joint projects. Ahead of the meetings, Tokayev set out three priorities for the next phase of relations: “strengthening resilience, expanding connectivity of all kinds, and creating new opportunities for citizens.” He linked them to energy and food security, critical raw materials, the Middle Corridor, artificial intelligence, easier travel, education and research. The visit follows a year of closer ties. The EU and the five Central Asian states raised their relationship to a strategic partnership at the Samarkand summit in April 2025. Costa then visited Astana in December. Those meetings placed critical minerals, transport, energy, digital links and easier travel at the center of cooperation. A Partnership Built on the EPCA The Enhanced Partnership and Cooperation Agreement gives the relationship its legal basis. Kazakhstan and the EU signed it in 2015, and it entered into force on March 1, 2020, making Kazakhstan the first Central Asian country to conclude such an agreement with the EU. The EPCA covers 29 policy areas, including trade, investment, energy, transport, climate, research, justice, and human rights. The broad range allows both sides to pursue commercial and political work through one framework. The agreement reached its tenth anniversary in December 2025. Before his Astana visit, Costa set a clear goal for the coming years. “The next decade must be defined by implementation: stronger value chains, modernised infrastructure, deeper technological cooperation, and tangible joint projects,” Costa said. Large Volumes, Limited Diversification The EU remained Kazakhstan's main trade and investment partner in 2025. Two-way goods trade totaled €41.4 billion, down 10.7% from 2024. EU imports from Kazakhstan reached €30.8 billion, while EU exports were €10.6 billion. The mix is less balanced. Fuel and mining products accounted for 92% of Kazakh exports to the EU. Machinery, transport equipment and chemicals led European sales to Kazakhstan. That gives the Brussels business roundtable a clear economic focus. Kazakhstan wants more European capital in processing, manufacturing, infrastructure and technology, while European companies want reliable access to energy and raw materials, along with clear investment rules. “We see great opportunities to venture in energy efficiency, critical minerals, digital technologies, and transport connectivity,” Tokayev said after meeting Costa in Astana in December. Critical Minerals Move Closer to Investment The EU and Kazakhstan signed a strategic partnership on...