Kenes (Kenges) Rakishev in the Media

Kenes Rakishev is an internationally active investor and entrepreneur. He is involved in several sectors including tech, finance, and mining. Keep up with his latest investments and business endeavours.

Kenes Rakishev, his Finney phone and the post-COVID IT development

April 13, 2020

The spike in traffic that resulted from the lockdown imposed by governments yielded a lot of security issues. VPN’s are struggling to perform under the load. People often have to transfer sensitive data working from home. Traffic sniffers are thriving. In these times security is a key to success or at least a barrier before the failure. Kenes Rakishev, one of the founders of Sirin Labs, realized it way before the current crisis.

Finney phone is an ultra-modern, highly secure blockchain smartphone made possible by Kenes Rakishev and Sirin Labs’ crowdfunding campaign. It is a first smartphone built around the blockchain universe with a great deal of security in mind.

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Israeli Startup Using AI To Create App To Help Diagnose COVID-19 Via Voice Analysis

April 6, 2020

An Israeli startup Vocalis Health is working on a mobile app that would help identify COVID-19 cases through the analysis of users’ voices by artificial intelligence, Kenes Rakishev, investor of Beyond Verbal, which became part of Vocalis Health, said.

“At the moment, Vocalis Health is working hard to create COVID-19 diagnostic technology. The company uses patented voice analytics solutions to find a way to distinguish between the voices of healthy and infected people. For this purpose artificial intelligence is used,” Rakishev said in a statement obtained by Sputnik.

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Kenges Rakishev and his wife Asel Tasmagambetova

Кенес Ракишев и Асель Тасмагамбетова выделили 100 000 000 тенге на борьбу с COVID-19

March 31, 2020

Кенес Ракишев, Айдын Рахимбаев, Вячеслав Ким и другие богатейшие бизнесмены собрали 41 миллион долларов на борьбу с бушующей пандемии коронавируса. Краудфандинговые фонды против COVID-19 основывают не только богатейшие люди США и Европы Цукерберг, Гейтс или Потанин. Менталитет перед лицом возможной глобальной катастрофы тут вообще не при чём. Примером оказания своевременной помощи своей стране служит Кенес Ракишев — известный казахский бизнесмен и меценат.

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Kenes Rakishev and Vyacheslav Kim join forces to help Kazakhstan battle the virus outbreak

March 20, 2020

Kazakhstan has declared the state of national emergency. Almaty and Nur-Sultan cities are quarantined. As nation braces for the epidemic Saby charity fund leaders decided to join the battle with COVID-19 and make a valuable input to the struggle with the infection. bank decided to join and support the initiative.

Saby charity fund and have allocated more than 200 million tenge [~$500,000] to supply the corona virus test kits and purchase the lung ventilator.

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Sirin Labs in Talks to Combine with Israeli Cybersecurity Startup

December 18, 2019

Sirin Labs, creators of the cryptocurrency-focused Finney smartphone, and an Israeli cybersecurity startup are in talks over a merger that would create a broad-based group that offers a range of software, as well as hardware products.

Moshe Hogeg, founder and CEO of SIRIN LABS, confirmed the news to Globes indicating that his partner in the Singulariteam group, Kazakh billionaire Kenes Rakishev, “visited Israel specially this week in order to close the deal to merge a small Israeli cybersecurity company into Sirin Labs.”

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Ministry of Foreign Affairs chose Kenes Rakishev as an advisor for Investments

November 23, 2019

Kenes Rakishev was appointed Advisor for Investments to the Minister of Foreign Affairs of the Republic of Kazakhstan on June 27, 2019. Affirmed by Acting Foreign Minister Shakhrat Nuryshev, the appointment reflects Mr. Rakishev’s substantial contributions to building Kazakhstan’s economic potential.

In this new position, Kenes Rakishev will work with various stakeholders to attract foreign investment, stimulate business activity, and improve trade and economic cooperation. Mr. Rakishev, who is already one of Kazakhstan’s most innovative and prominent business leaders, has the authority to represent the Ministry of Foreign Affairs as he seeks to promote the benefits of investing in Kazakhstan and build new bridges with global commercial partners.

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Kenes Rakishev And His Saby Fund Has Started Seventh National Contest For Young Entrepreneurs

November 5, 2019

Vyacheslav Kim, Kenes Rakishev and Asel Tasmagambetova started the seventh season of incredible strartup funding giveaway. Startups, small and medium enterprises, and all who dreamed to start their own business, but was unable to! Vyacheslav Kim, Kenes Rakishev and Asel Tasmagambetova have established the Saby charity fund among other things to help you make your dream come true. Kenes Rakishev’s and Asel Tasmagambetova’s Saby charity fund started the sevenths yearly contest for young entrepreneurs “Build Your Business”.

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Kenes Rakishev in a first dozen of the most influential businessmen, according to Forbes Kazakhstan

October 21, 2019

Kenes Rakishev, the internationally acknowledged venture capitalist, has joined Top-15 list of the most influential – and rich – businessmen in Kazakhstan. Although It is not the first time he got such nomination. In fact he is residing in Forbes’ Top-20 seven years in a row. He joined the club with his USD 332 million in assets in 2012. Kenes Rakishev owns Fincraft Investment House, formerly known as BTA Securities and is a major owner of Fincraft Resources with 97,85 percent share. Fincraft Resources is also known under its former name, SAT&Company. By owning the later he owns “Aqtau Bitum”, “Eptic Ferro-nickel”.

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Kenes (Kenges) Rakishev

Kenes Rakishev elected President of Kazakhstan Boxing Federation

October 9, 2019

Kenes Rakishev will supersede Timur Kulibayev as the President of the Boxing Federation of Kazakhstan, Kazinform correspondent reports.
«I was reelected as the President of the National Olympic Committee. Thanks to the joint work with the Ministry of Culture and Sports, amendments to the legislation were adopted. As per these amendments, the National Olympic Committee fulfills the task of financing Olympic sports. This work has been performed for a year, and in order to avoid the conflict of interests, I decided to step down as the President of the Boxing Federation and Water Sports Federation of Kazakhstan. As the president of the NOC, I will fully supervise all the issues of development of sports,» Timur Kulibayev said at a conference at the KBF.

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Kenges Rakishev to expand the third-largest Russian logistic center

August 25, 2019

Kenges Rakishev, the former owner of Petropavlovsk gold mining enterprise, has shared his plans to further expand the third biggest logistic operator in Russia. The goal set is 750,000 square meters of commercial real estate. BTA Bank, which is controlled by Kenges Rakishev, owns 500,000 square meters of stores in Kolpino, Pyshma and Tolmachevo logistic parks. Rakishev confirms that the parks are already building new storage units. The plan is to rise the available space 50 percent. The final goal of this expansion is 750,000 sq.m.

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Kazakh Tycoon Sells 22 Per Cent Stake In Gold Miner Petropavlovsk

July 16, 2019

Kazakh businessman and cryptocurrency entrepreneur Kenges Rakishev has sold his 22 per cent stake in gold miner Petropavlovsk, following a rally in its share price over the past year. Mr Rakishev, who was instrumental in bringing back the company’s co-founder Pavel Maslovskiy last year to be chief executive, said the decision was for commercial reasons and to fund some of his other mining projects. “We invested in the company when it was distressed,” Mr Rakishev said. “To date, a lot of work has been done and the company has achieved some milestones.”

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Australia Hopes To Cash In On New Cobalt Rush

February 11, 2019

It is one of Australia’s oldest mining towns that has built its wealth from a huge deposit of silver, lead and zinc. Now, Broken Hill is aiming to tap into the fast growing electric vehicle market by becoming a vital source of cobalt. Mining groups in the outback town, 1,000km from Sydney, are lured by forecasts that demand for cobalt — the main power source for mobile devices and electric vehicles (EVs) — will quadruple by 2029.

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Sirin Labs and Foxconn Partner to Make Blockchain Phones

January 8, 2019

Smartphones will likely be the latest in a rapidly-growing list of devices driven by blockchain technology and innovation. In an era in which companies are competing to produce the most cutting-edge systems, Foxconn Technology Group has been attempting to take the lead in the development of blockchain-enabled mobile phones through its subsidiary, FIH Mobile. The company has teamed up with Sirin Labs to manufacture the Finney—the world’s first blockchain-driven smartphone. Known as a forerunner in blockchain-technology development, Sirin Labs developed the Finney with a focus on cryptocurrency security. The company expects millions of units to be sold.

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Sirin Labs Partners with Virgin Gates - Brings Finney to the Middle East

Sirin Labs Partners with Virgin Gates - Brings Finney to the Middle East

November 20, 2018

A partnership between Sirin Labs and the Egypt-based technology company Virgin Gates was announced. Sirin Labs and Virgin Gates are planning to bring the Finney, the world’s first blockchain smartphone, to Middle Eastern countries such as: Kuwait, Oman, Saudi Arabia, Oman, UAE and Egypt. As part of the partnership, a concept store will be launched in Dubai. This launch is considered to be particularly significant as it is in alignment with the UAE government’s strategic vision of making the mainstream adoption of cryptocurrency as a means to make payments across the board a reality by 2020.

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Sirin Labs to Open Blockchain Smartphone Concept Store in Dubai

Sirin Labs to Open Blockchain Smartphone Concept Store in Dubai

November 19, 2018

Sirin Labs, the manufacturer of the Finney—the first blockchain-driven smartphone in the world, has partnered with Virgin Gates to bring the phone to Middle Eastern countries, such as Egypt, Oman, Kuwait, Saudi Arabia, Bahrain, and the UAE. Based in Egypt, Virgin Gates is a global technology firm run by leaders in the industry and funded by investors from the Middle East and Egypt. The partnership will also enable a Sirin Labs concept store to open in Dubai and fits right into the UAE government’s plans to make cryptocurrency mainstream by 2020.

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Kenes (Kenges) Rakishev Invests in the Space Drone

November 15, 2018

In addition to owning a 30% stake in Effective Space, Sirin Labs Co-Founder and Chairman Kenes (Kenges) Rakishev is now planning to invest a further USD 6-8 million in the company to develop the Space Drone. The drone is a small craft designed to service satellites and perform other tasks in space. These tasks include station maintenance and cleaning up some of the over half a million pieces of junk floating around the Earth that could endanger astronauts and satellites. The Space Drone is scheduled to launch in 2020.

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UK Court Slaps Huge Fine on Khrapunov in BTA Case

Ilyas Khrapunov Fined USD 500 million

September 24, 2018

The British High Court slapped Ilyas Khrapunov with a massive USD 500 million fine for his alleged involvement in the embezzlement of billions of dollars from BTA Bank. According to the ruling, Khrapunov helped his father-in-law Mukhtar Ablyazov commit the crime through the circumvention of a freezing order. The court ruling was considered a modest victory for the government of Kazakhstan and for BTA Bank, which has only managed to recover a small portion of the misappropriated funds over the years.

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Mukhtar Ablyazov, former chairman of BTA Bank, has been convicted of breaching a freezing order VLADIMIR TRETYAKOV/REUTERS

Kazakhstani Ordered to Pay Damages to BTA Bank

August 30, 2018

Judge David Waksman of the British High Court ordered the Kazakhstani businessman Ilyas Khrapunov to pay both damages and interest to BTA bank. Judge Waksman is responsible for the London mercantile court. The order was made after Khrapunov was found guilty of conspiring with his father-in-law Mukhtar Ablyazov to embezzle funds from the bank. Ablyazov was previously a chairman at BTA bank and was convicted six years ago in England when he breached a freezing order. Ablyazov was given a prison sentence of 22 months. The recent ruling was considered a valuable step in recovering millions owed to the bank.

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Rolls Building

‘No Merit Whatsoever’ Found in Kazakhstani’s Fraud Hearing

August 29, 2018

In a high court ruling in London in August 2018 it was found that Ilyas Khrapunov would not be extradited to Kazakhstan or Russia from Switzerland where he is based. His Honour Judge David Waksman ruled that there is no merit in the Khrapunov’s claim that he would be at risk of extradition should he return to the UK for questioning. The case comprises of 11 claims from BTA Bank seeking justice for the alleged misappropriation of over US$6 billion. Hogan Lovells, BTA Bank’s representative, claimed that the case is one of the largest of its kind in the UK ever.

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BTA Bank Stands to Recover Billions

August 23, 2018

In an ongoing attempt to reclaim billions after a major embezzlement allegedly done by former chairman Mukhtar Ablyazov, BTA bank has had some success. A British High Court order made by Judge David Waksman ordered Ilyas Khrapunov, son-in-law of Ablyazov, to pay US$500 million to the bank in lieu of damages incurred. It was found that Khrapunov is guilty of conspiring with his father-in-law as he moved funds into offshore companies and left the bank with a deficit of around US$10 billion. BTA shareholder Kenes (Kenges) Rakishev commented that this is a noteworthy step for the bank towards recovering the misappropriated funds.

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An image shows Trump Tower on Fifth Avenue in New York City. Ilyas Khrapunov has been accused of laundering money through Trump Towers in SoHo. MICHAEL BROCHSTEIN/SOPA IMAGES/LIGHTROCKET VIA GETTY IMAGES

Ilyas Khrapunov Forced to Pay Embezzled Funds Back to BTA Bank

August 23, 2018

Ordering him to pay some USD 500 million in damages, a British High Court has found Ilyas Khrapunov guilty of conspiring with former BTA Bank Chairman Mukhtar Ablyazov to embezzle over USD 6 billion from the bank. Ablyazov allegedly misappropriated and laundered the funds from BTA Bank with Khrapunov’s help. Khrapunov’s parents have also been accused of money laundering, embezzlement, and a host of other charges. Kenes (Kenges) Rakishev, a large shareholder of BTA Bank, stated that Ablyazov was posing as a political dissident in order to escape international justice and that this court ruling was a major step towards recovering the funds.

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Court illustration

"Court of the Blockchain" Being Developed in Project to Form Comprehensive Judiciary

July 30, 2018

Smart Dubai together with the Dubai International Financial Centre (DIFC) Courts have announced plans to develop a way to streamline the legal system by developing a “Court of the Blockchain.” The organisations plan to explore how blockchain technology may aid cross-border court judgements and how it could drive a comprehensive project to create a significantly more efficient legal system. Smart Dubai Office Director-General Dr. Aisha bint Butti Bin Bishr said Dubai plans to have all applicable government transactions run on blockchain technology by 2020.

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blockchain smartphone

Sirin Labs Unveils Final Design of First Blockchain Smartphone

July 11, 2018

Two years after releasing the ultra-secure Solarin smartphone, Sirin Labs has begun finalising the design of its next mobile phone, the Finney. Created with security as its primary focus, the Finney is the first ever dual-screen blockchain smartphone in the world. Founded by Kenes (Kenges) Rakishev, Moshe Hogeg, and Tal Cohen in 2013, Sirin Labs has a vision of bridging the gap between the mass market and the blockchain economy. The company has been working around the clock to bring the world a smartphone with multi-layered digital protection that will also have a sleek design and state-of-the-art software. The Finney is the fruit of the company’s labour.

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Kenes (Kenges) Rakishev Backs Petropavlovsk PLC Boardroom Decisions

June 29, 2018

An ongoing battle over the future of the Petropavlovsk PLC board finally came to an end at the company’s annual general meeting in June 2018. Shareholders voted in favour of expelling most of the current management and welcoming back three former executives. Over half of the proposals made by the existing board were rejected and nearly all proposals put forward by the insurgent shareholders were accepted. The incoming chief executive and chairman of the board were both ousted, as well as three of the four non-executive directors of the company. Kenes (Kenges) Rakishev, the largest shareholder in Petropavlovsk, with a stake of 22%, backed this takeover.

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Fighting Device

Israeli Drone-Fighting Device Launched –Kenes (Kenges) Rakishev Invests US$2 Million

June 14, 2018

Israel-based company General Robotics launched its latest anti-drone technology at the Eurosatory-2018 fair in Paris. The Pitbull AD can be installed on a variety of vehicles and is capable of either jamming drones or destroying them. Anti-drone technology has become increasingly popular with global arms manufacturers as drones have become a global threat. Investor Kenes (Kenges) Rakishev believes that this project may be the answer to the increasing risk of drones around the world. Rakishev owns a 30% stake in General Robotics and has invested two million dollars into the company.

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Kenes (Kenges) Rakishev

Kenes (Kenges) Rakishev Sells Stake in Central Asia Metals (CAML)

May 24, 2018

After CAML’S annual general meeting, an announcement was made that Kenes (Kenges) Rakishev had sold the remaining 6.6% shares he had in the company and would be leaving the board on which he served since 2013. The Kazakhstani businessman and investor initially owned a 40% stake in the Kounrad tailings project and then converted it into a 19% stake in CAML. Although Rakishev is moving away from CAML, he is still involved in the mining industry as a 22% shareholder of Petropavlovsk PLC.

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The Battle for a London-listed Gold Mining Company

May 14, 2018

For the second time in the space of a single year, shareholders and board members are fighting for control of Petropavlovsk PLC, one of the richest gold mines in Russia. Supported by 22% stakeholder Kenes (Kenges) Rakishev, shareholders are once again attempting to throw out a significant part of the company’s board of directors and to reinstate Pavel Maslovskiy, the company’s founder. Because of his significant shares in the company, it is ultimately up to Rakishev to decide who leads Petropavlovsk and what direction it will pursue in the future.

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Kenes (Kenges) Rakishev

New Beginning for Petropavlovsk as Kenes (Kenges) Rakishev Takes 22% Stake

January 23, 2018

After acquiring a 22% share in Petrovavlovsk mining company, Kenes (Kenges) Rakishev expressed his commitment that the company would now make a fresh start. Rakishev said that it may even undergo a name change. The Kazakhstani business executive further said that his acquisition of this significant stake would mean that it is a new chapter in the company’s history. He suggested that even though the company cannot grow as quickly as what investors would like it to, steady growth can be achieved by making strategic mergers and acquisitions.

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Sirin Labs of Switzerland is developing its Finney line of blockchain smartphones. Image Credit: Sirin Labs

USD 157.8 Million Raised in ICO for Finney Blockchain Phone and PC

December 27, 2017

Sirin Labs, the creator of the world’s first blockchain smartphone, announced that it had raised as much as USD 157.8 million in its initial coin offering. The company’s blockchain-driven devices include a smartphone and personal computer that offer enhanced security measures and protection against cybercrime. As part of its mission statement, Sirin Labs hopes that its products will act as a bridge between the mass market and the rapidly-evolving blockchain economy by making the use of crypto services simpler and more accessible. Co-CEO Moshe Hogeg said that he is both humbled and thrilled by the support the company has received.

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