JUST IN: Kazakhstan President Resigns After Almost 29 Years In Office

JUST IN: Kazakhstan President Resigns After Almost 29 Years In Office

President Nursultan Nazarbayev announced his shock resignation on Tuesday, 29 years after taking office.

I have taken the decision to refuse the mandate of the presidency,” he said in a speech broadcast on state television.

Nazarbayev came to power in oil-rich Kazakhstan when it was still a Soviet republic and has never indicated a successor.

The move comes on the back of growing social discontent and an economy still recovering from an oil price plunge in 2014.

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The announcement also comes just weeks after the ageing strongman dismissed the country’s government.

Nazarbayev will enjoy significant policy-making powers following his resignation thanks to his constitutional status as “Leader of the Nation”.

He also became lifelong head of the country’s security council last year.

Nazarbayev, who won a 2015 election with almost 98 percent of the vote, was widely expected to seek another term in 2020.

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