Strategy Note /
KazakhstanKazakhstan votes to end Nazarbayev-style rule; adds reform to commodity tailwind
In our view, the January 2022 protests were largely about loosening the Nazarbayev clan's grip on political power
President Tokayev is now formalising this via a referendum to limit presidential power and family appointments
Political reform a first step on the long road to sincere economic liberalisation and non-commodity diversification
Hasnain Malik
Strategy & Head of Equity Research @ Tellimer Research
6 June 2022
Published byTellimer Research
