Rogun Funding Gap: S&P Global Ratings says Tajikistan still needs about $5.8bn more to finish the Rogun hydropower plant, with completion expected by 2035 and financing split between lenders, grants, concessional loans, and state budget. Digital Finance: Tajikistan’s e-wallet rollout is surging—19.8m wallets reported by June 30—but analysts warn the key question is active users, not registrations. Cybersecurity: A China-nexus espionage campaign dubbed SilkParasite is targeting Central Asian government bodies, including Tajikistan, using tailored phishing and multiple remote-access malware families. Regional Power Politics: A Central Asia blackout traced to Kyrgyzstan’s Toktogul hydropower plant sparked blame games across borders, with outages hitting Kyrgyzstan, Kazakhstan, Tajikistan and beyond. Education Diplomacy: Tajikistan and Malaysia signed a memorandum to expand joint programs, training, dual degrees, and STEM/AI lab cooperation. Defense & Industry: India’s Akash 1S air-defense system is drawing interest from Turkmenistan and Tajikistan after Armenia’s procurement. Energy Security: Russia is reportedly amending military-technical cooperation agreements with Kazakhstan and Uzbekistan, hinting at deeper defense ties amid sanctions pressure. Business/Mining: Vast Resources completed its reverse takeover to bring Tajikistan’s Aprelevka gold-silver assets into production. SCO Summit Watch: Kyrgyzstan expects major SCO Summit and World Nomad Games attendance, with heads of 21 states including Tajik President Emomali Rahmon.