Kazakhstan President resigns after nearly 30 years in power

Kazakhstan President Nursultan Nazarbayev has announced his resignation after nearly 30 years in power. 

The 78-year old leader had ruled the country since it emerged from the collapse of the Soviet Union in the early 1990s. 

In a televised address last night, Mr Nazarbayev said, the decision was not easy



but he wanted to help a new generation of leaders. He said, the Chairman of the Kazakh Senate would take over. 

The announcement came less than a month after the President sacked his government, citing a lack of economic development despite the country's vast energy resources.