The old and new oligarchs of Kazakhstan
Published on: Wednesday 28 January 2026
A figure completely unknown to the general public, the young builder Shakhmurat Mutalip, has put himself forward as a buyer for several billion dollars of Kazakhstan's leading mining company, the latest step in his meteoric rise in Astana. The suspicion is that he has inherited the legacy of the power groups that prospered in Tokaev's shadow.
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