17:13 - 19.12.2024

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December 19, Fineko/abc.az. The government of Kazakhstan has announced plans to attract $1 billion in investments to support regional startups and advanced technologies by launching a fund of venture capital funds next year.

ABC.AZ informs that the largest oil producer in Central Asia has witnessed growth of domestic fintech companies, such as those U.S.-registered Kaspi.kz, while the authorities are trying to overcome dependence on income from the sale of energy resources. President Kassym-Jomart Tokayev promised to reduce the role of the state in the economy and attract $150 billion in foreign investment by the end of his term in 2029.

According to the Minister of Digital Technologies, Innovation & Aerospace Industry, now Qazaqstan Venture Group intends to invest in leading global and local venture funds financing the latest technologies, including artificial intelligence.