Astana hosts small and medium-sized business forum

The share of small and medium-sized businesses in Kazakhstan's economy currently stands at 37 percent. More than four million people are employed in this sphere. Over the past six months, sector representatives have produced goods worth 34 trillion tenge, reflecting a growth rate of around 20 percent compared to 2023. The development of entrepreneurship and the sector’s potential were discussed today at a forum in Astana. Domestic producers presented ranges of finished products that are in demand both domestically and abroad. For example, solar panels manufactured in the south of the country are set to be exported to the U.S. and Canada in the near future. With the help of state support, the entrepreneur plans to establish a full production cycle and produce silicon wafers.

«Production has already been established, and our solar panels are of the latest models. We have adopted technologies from Spanish manufacturers. UL compliance certificates have already been obtained, and we intend to send the first batch to our customers at the end of November, with an initial shipment of around 500-600 kilowatts,» said Serik Kulmurzayev, commercial director of the solar panel manufacturing company.

Zhanargul Zhaparova, an entrepreneur from Mangystau, also plans to expand her business. She is a participant of the «One Village - One Product» project. Previously, she received a state grant to purchase equipment for her wool processing workshop. Now, the businesswoman plans to open another production facility.

«When we produce our products, we are left with a lot of sheep wool waste. Therefore, we want to create a zero-waste production system and make a bio-fertilizer specifically from local sheep wool. We need support to secure investment for equipment and to build a workshop,» said entrepreneur Zhanargul Zhaparova.

Notably, 450 entrepreneurs attended the forum. Representatives of government agencies, experts, and the business community jointly discussed further measures to develop business activity in the country.