Tajikistan is steadily progressing towards economic growth and strengthening its position on the international stage. In 2023, the country's GDP reached US$8.4 billion, driven by the active development of digital technologies. On September 24, 2024, during the UN General Assembly, Tajik President Emomali Rahmon emphasized the importance of digital technologies and artificial intelligence for the country’s further progress.
In line with these positive changes, White Hill Capital and Tajinvest have signed a memorandum of understanding (MoU) on cooperation to create a US$5 million venture fund to support the IT sector in Tajikistan.
The creation of this fund represents a strategic move to foster the growth of local IT startups and open new opportunities for attracting global investments. White Hill Capital and Tajinvest plan to combine their resources and expertise to make Tajikistan an attractive hub for international capital, drawing the attention of global investors to the country's growing IT sector.
As part of the signed memorandum, the parties agreed to work together to develop venture capital investment in Tajikistan.
Aslan Sultanov, Managing Partner of White Hill Capital, noted that the parties would actively exchange experience in managing venture funds in Tajikistan and Kazakhstan, which would enhance capital management and strategic planning. Special focus will be given to attracting investments into Tajikistan’s IT startups, facilitating their growth and scaling.
The partnership also includes plans to organize meetings with local and international investors to provide information on the most promising investment opportunities in the IT sector.
Dilshod Jurazoda, Director of Tajinvest, expressed hope that Tajinvest, as an investment platform, will do everything possible to activate the country's first venture fund and attract local investors to it.
This memorandum will become an important step in the development of Tajikistan’s IT ecosystem, providing local startups with access to international capital and best practices. The initiative will strengthen the country's position as an attractive destination for global investors.
White Hill Capital and Tajinvest are confident that their cooperation will create a solid platform for innovation and sustainable business growth in Tajikistan, supporting the development of local IT startups and drawing the attention of the international community, making the country a promising hub for global investments.
White Hill Capital is a venture fund management company that invests in high-growth startups at various stages around the world. The fund was established in 2021 as part of the "Stimulating Productive Innovation" project in collaboration with the World Bank and the Ministry of Digital Development, Innovation, and Aerospace Industry of Kazakhstan.
Tajinvest is a key player in Tajikistan’s investment market, actively attracting capital to develop strategic areas of the economy, with a particular focus on the IT sector and creating new opportunities for local entrepreneurs.
