ASTANA, Kazakhstan, March 6. The Eurasian
Development Bank (EDB) and Kazakhstan's Kcell mobile operator have
signed a tenge-denominated loan agreement equivalent to $100
million to accelerate Kazakhstan’s digital transformation, Trend reports via the
bank.
The cooperation aims to expand mobile network coverage and
deploy high-speed internet in urban and rural areas across the
country.
The attracted financing will help accelerate the implementation
of planned projects to expand the network and introduce modern
technological solutions designed to improve the accessibility and
quality of communication services for both the population and
businesses.
Senior Managing Director and Head of the Project Unit at the
EDB, Azamat Tyuleubay, noted that scaling telecommunications
infrastructure is crucial for digital development and ensuring
access to modern communication services for citizens and businesses
alike. He pointed out that the strategic partnership opens new
doors to speed up the embrace of cutting-edge digital technologies
and bolster sustainable growth in the telecommunications
sector.
The EDB is a multilateral development institution operating
across Eurasia, promoting economic ties and comprehensive
development in its member states. As of the end of 2025, the bank’s
cumulative portfolio included 326 projects with total investments
of $19.6 billion, with a strong focus on integration projects in
transport infrastructure, digital systems, green energy,
agriculture, industry, and mechanical engineering. The bank aligns
its activities with the UN Sustainable Development Goals and ESG
principles.
Kcell provides digital telecommunications services in
Kazakhstan, including mobile communications, fixed-mobile
convergence services, data transmission and internet access,
financial and digital services, mobile applications, system
integration IT solutions, Internet of Things, machine-to-machine
communication, big data processing, and cloud computing.
