Private sector financing in Uzbekistan is gaining further support as Star Group secures up to U.S. $20 million from the European Bank for Reconstruction and Development. The funding is aimed at working capital and business growth, including the retailer's beauty-shop chain in Tashkent and Samarkand.
Highlights
- EBRD provides up to $20 million in financing to Star Group for working capital and regional expansion of its beauty-shop retail chain in Uzbekistan.
- Grant support from the EBRD and Japan-EBRD Cooperation Fund will help Star Group develop a corporate governance action plan.
- The EBRD will implement a mentorship programme for women at Star Group, as part of its $7.3 billion investment in Uzbekistan focused on private sector growth.
Financing plan and expansion scope
As reported by European Bank for Reconstruction and Development, the lender is providing up to U.S. $20 million, or 17.7 million euros, to Support Samarqand, Bloomshop, Star Distribution and Star FMCG, which operate collectively as Star Group.The financing is set to cover working capital needs and support the group's business expansion in Uzbekistan. The company says it will use the funds to widen its regional presence and broaden its product range, including growth of its beauty-shop retail chain based in Tashkent and Samarkand.
The project also includes grant funding from the bank and the Japan-EBRD Cooperation Fund to help Star Group develop a corporate governance action plan.
Private sector and workforce impact
The package adds to the EBRD's broader effort to strengthen privately owned businesses and entrepreneurial activity in Uzbekistan, where consumer goods distribution remains an important segment of domestic commerce.Alongside the loan, the EBRD says it will support women’s career development at Star Group through a mentorship programme designed to help retain talented female employees. The bank has invested almost U.S. $7.3 billion, or 6.5 billion euros, in Uzbekistan through 219 projects to date, with most of that funding directed toward private entrepreneurship.
Pakistan’s push to expand priority-sector lending laid out government-backed targets to raise financing for housing, agriculture, and SMEs, alongside tighter expectations for banks that want to qualify for incentives. Our earlier coverage also described planned reforms such as simplified application processes, risk-sharing mechanisms, supply-chain financing, and public-private partnership models to unlock broader access to formal credit.
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