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Telecom Company in Uzbekistan
MOREIn December 2024, Silk Road Fund (SRF) partnered with Deutsche Bank, Uzbekistan Fund for Reconstruction and Development (UFRD) and other institutions in providing financing support to JSC Uzbektelecom, with SRF making its investment in the currency of Renminbi. As Uzbekistan’s largest telecommunications operator, JSC Uzbektelecom holds a leading position in both the fixed and mobile network markets, and has become the first operator in the country to launch a commercial 5G network. This represents the first investment implemented under the China-Uzbekistan Joint Investment Platform, a key outcome of the First China-Central Asia Summit held in 2023. It demonstrates SRF's tangible contributions to the "Digital Uzbekistan 2030" strategy and the advancement of digital infrastructure connectivity in the region.
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Agri-food Investment in Thailand
MOREIn September 2024, Silk Road Fund (SRF) participated in debt financing for CPFI, a wholly-owned subsidiary by Charoen Pokphand Group (CPF), one of the largest agri-food companies in Asia. CPF's business involves animal feed, meat and poultry farming, as well as meat processing and distribution in Thailand, Vietnam, Cambodia, the Philippines and other Southeast Asian countries. CPF plays an important role in providing high-quality food for local residents, improving their dietary nutrition structure and well-being, and bringing economic and social benefits to local community. This investment marks SRF’s commitment to high-quality development of the Belt and Road, stronger cooperation with neighbouring countries, and enhanced investment network in the agri-food sector.
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Telecom Company in Pakistan
MOREIn June 2024, Silk Road Fund (SRF) cooperated with International Finance Corporation (IFC) and British International Investment (BII) to finance the acquisition of Telenor Pakistan by Pakistan Telecommunication Company Limited (PTCL). This is the largest single financing ever secured in the telecom industry of Pakistan. SRF lends in the currency of Renminbi. PTCL, currently the largest fixed network operator and the fourth-largest mobile operator in Pakistan, will become the largest telecom group in the country after the completion of the acquisition. This investment is aimed at enhancing network quality and coverage, while fostering competition and spurring innovation in the country’s telecommunication sector. It also seeks to bolster the penetration and affordability of telecom network service in Pakistan, so as to ensure its sustainable growth in the long term.
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Special Education Investment in UK
MOREIn March 2024, SRF invested in Outcome First Group (OFG), the largest independent special education institution in the UK. OFG primarily serves children and adolescents aged 3-25 with "Social, Emotional, and Mental Health" (SEMH) needs and "Autism Spectrum Conditions" (ASC). Currently, OFG is able to serve over 3,000 special education students each year, helping them return to a normal path of learning and life through systematic teaching. For SRF, this marks an important step forward in terms of impact investment and education investment.