Kazakhstan’s sovereign wealth fund Samruk-Kazyna reported a net profit of USD 3.8 bln in 2024, similar to the USD 3.7 bln profit reported in 2023. However, the fund expects a decline in assets and profit this year, to USD 2.8 bln. Meanwhile, February industrial production in Kazakhstan rose to 9.4% YoY, the highest level seen in eighteen months, and up from 2.3% growth in January.