EBRD fuels CA-store’s expansion with $10mn load to transform Uzbekistan’s retail landscape

EBRD fuels CA-store’s expansion with $10mn load to transform Uzbekistan’s retail landscape

Funding focuses on CA-store's working capital as it grows across Uzbekistan / EBRD

By Mokhi Sultanova in Tashkent July 2, 2024

The European Bank for Reconstruction and Development (EBRD) is boosting modern retail and e-commerce in Uzbekistan by financing the CA-store's expansion with a loan of up to $10mn, aimed at expanding beyond Tashkent.

CA-store is one of the country’s prominent consumer electronics and household appliances chains formerly known as "Credit Asia".

This funding will primarily cater to the CA-store's working capital requirements as it expands its footprint across major cities nationwide over the coming years.

The loan aims to expand the CA-store's online sales platform, advancing Uzbekistan's growing e-commerce sector with new standards for comprehensive online shopping services nationwide.

Moreover, the CA-store's expanded regional presence is expected to contribute significantly to the formalisation of the economy by ensuring the availability of genuine products and full compliance with national tax regulations.

As part of the project, CA-store will create fair job opportunities and improve inclusivity for customers nationwide.

Uzbekistan, which has been a key beneficiary of EBRD funding in Central Asia for four consecutive years, has received approximately €4.7bn in investments across 162 projects.

These investments primarily support private entrepreneurship and economic development initiatives in the country.

#Uzbekistan #invest #EBRD #ecommerce #retail

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