Kazakh president’s daughter appointed deputy prime minister

By bne IntelliNews September 11, 2015

bne IntelliNews -

 

Kazakh President Nursultan Nazarbayev on September 11 appointed his eldest daughter Dariga Nazarbayeva to the post of deputy prime minister. The move will be pored over by those devoted to speculating about who will eventually succeed the 75-year-old Nazarbayev, who has ruled Kazakhstan with an iron fist since it gained independence from the Soviet Union in 1991.

Dariga Nazarbayeva, 52, is deputy speaker of the Kazakh parliament’s lower chamber, the Mazhilis, and has often been tipped to succeed her ageing father, though critics often pointed to her lack of executive experience as the main hurdle to leading the country. Following the early presidential election in April, in which Nazarbayev was re-elected with nearly 98% of the vote on a 95% turnout, Dariga was rumoured to be in line to become governor of the western oil-rich Aktobe Region, the governor of which was said to be in danger of the sack as punishment for delivering one of the lowest “yes” votes out of all regions. This would have provided her with the missing experience in governing.

Dariga’s prospects for succeeding her father were also seen harmed by her former husband Rakhat Aliyev, one of the most hated figures in the Kazakh establishment. But his suicide earlier this year in an Austrian prison paved the way for Nazarbayev to consider Dariga as well as her eldest son Nurali, who is a deputy mayor of Astana, as potential successors.

The prospect of keeping the presidency in the Nazarbayev family will likely be welcomed among the country's elite groups, who would prefer a smooth transition of power from Nazarbayev to either his daughter or grandson. The designation of a member of one elite group as successor over others, Kazakhstan watchers fear, could lead to a behind-the-scene or even an open fight between rival groups, which would destabilise the political situation in the country and lead to a redistribution of wealth and business interests.

Kazakh president’s daughter appointed deputy prime minister

Related Articles

Retail trade slows in Kazakhstan amid economic uncertainty

Naubet Bisenov in Almaty - A free-floating exchange regime for Kazakhstan’s currency, the tenge, is taking its toll on retail trade as the cost of imports rise. While prices have not changed ... more

bne:Chart - Russia begins to steady the ship according to latest Despair Index

Henry Kirby in London - Ukraine and Russia’s latest “Despair Index” scores suggest that the two struggling economies could finally be turning the corner, following nearly two years of steady ... more

New Kazakh central bank governor re-adopts free floating regime

bne IntelliNews -   The National Bank of Kazakhstan, the central bank, has re-adopted a free-floating exchange regime under the new governor, Daniyar Akishev, who has ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss