Following this investment, Innovations will hold a 53.7% interest in the Company, comprising a combination of founders equity and 27.3% derived from investment.

Drilling of four wells were completed in March, and 17 new wells were put into operation after the construction since the start of the year.

Economic growth in Kazakhstan is forecast to accelerate in 2017 reflecting continued fiscal spending to stimulate consumption and investment, and higher earnings from oil exports, says a new ADB report.

GDP growth of the Philippines will remain strong in 2017, driven mainly by public and private investment, says a new ADB report.