Saturday, May 28, 2022
  • Login
Upgrade
The Southern African Times
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
The Southern African Times
No Result
View All Result
Home in Southern Africa

High Hopes as Zambia Swears in Hakainde Hichilema

by SAT Reporter
August 24, 2021
in in Southern Africa, Just In, Zambia
0
High Hopes as Zambia Swears in Hakainde Hichilema
0
VIEWS

LUSAKA, (The Southern African Times) – Zambians in the capital Lusaka spoke of their desire for change Monday as the southern African country prepares to swear in a new president following elections on Aug. 12.

Veteran opposition leader Hakainde Hichilema will be sworn in as the seventh president of Zambia on Tuesday, after getting more than 2.8 million votes to President Edgar Lungu’s 1.8 million votes, achieving one of the biggest electoral wins in the country’s history.

Hichilema, a 59-year old businessman contesting the presidency for the sixth time, promised democratic reforms, investor-friendly economic policies, better debt management as well as “zero tolerance” to corruption.

While Lungu’s outgoing government embarked on large infrastructure projects, the spending resulted in a “huge increase in the country’s foreign debt portfolio” from around $2 billion to over $12 billion, political analyst Reginald Ntomba told the AP.

The opposition leader’s win was backed by young people, Ntomba continued, with “enormous expectations” amongst supporters for the incoming president to drive change and create more economic opportunities.

In the capital Lusaka, street food vendor Memory Zulu echoed this, complaining of the high value of the dollar and speaking of her desire for change.

Zambia recorded economic progress for more than a decade and achieved middle-income status in 2011, but now the country is beset by high inflation, high debt and allegations of corruption.

The COVID-19 pandemic hurt the already stuttering economy even further. Lockdown measures pushed Zambia into its first recession since 1998 and the economy contracted by 1.2%, according to the World Bank.

An easing of the lockdown measures in the latter part of 2020 and the global rise in copper prices resulted in some recovery, although inflation reached a high of 22% in February this year, according to the World Bank.

Zambia has established a reputation as one of Africa’s stable democracies, with regular elections and peaceful transfers of power since the founding president, the late Kenneth Kaunda, introduced multi-party democracy and subsequently accepted defeat in 1991.

However, fears of a reversal of those gains emerged recently as Lungu closed some media houses and detained critics.

Previous Post

Uganda: DFCU Bank dividend payout reduces by more than 60%

Next Post

IMF Urges Wealthy Nations to Direct $650bn SDR Share to Those Worst Hit By Covid

SAT Reporter

Related Posts

Nigeria, Ethiopia to Hold Bilateral Talks on Trade, Economy, Politics
Politics

Nigeria, Ethiopia to Hold Bilateral Talks on Trade, Economy, Politics

by SAT Reporter
May 26, 2022
Glencore fined 1.1 billion for bribing Public  Officials for Crude Oil Contracts
Business

Glencore fined 1.1 billion for bribing Public Officials for Crude Oil Contracts

by SAT Reporter
May 26, 2022
Somali foreign minister Abdisaid Muse suspended for alleged abuse of office

Somali foreign minister Abdisaid Muse suspended for alleged abuse of office

by SAT Reporter
May 26, 2022
Africans mark “Africa Day” with a call for urgent major continental development
International news

Africans mark “Africa Day” with a call for urgent major continental development

by SAT Reporter
May 25, 2022
Zimbabwe anti-sanctions lobby seek support from U.S. black congressional members
ZIMBABWE

Zimbabwe anti-sanctions lobby seek support from U.S. black congressional members

by SAT Reporter
May 25, 2022
Next Post
IMF Urges Wealthy Nations to Direct $650bn SDR Share to Those Worst Hit By Covid

IMF Urges Wealthy Nations to Direct $650bn SDR Share to Those Worst Hit By Covid

Premium Content

Zimbabwe’s largest platinum project clears key hurdle

Zimbabwe’s largest platinum project clears key hurdle

September 28, 2020
OPEC fails to boost output as members face capacity woes

OPEC fails to boost output as members face capacity woes

May 4, 2022

POP UP COMEDY CHANNEL

February 12, 2020

Browse by Category

  • African Continental Free Trade Area
  • African Start ups
  • Algeria
  • Analysis
  • Angola
  • Asia
  • BOTSWANA
  • Botswana
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Egypt
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Finance
  • Food
  • Food and Drink
  • Foods
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Nigeria
  • North Africa
  • Opinion
  • Politics
  • Rwanda
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Tanzania
  • Tech
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • ZAMBIA
  • Zambia
  • ZIMBABWE
  • Zimbabwe

Browse by Tags

African business news Africa New Africa News african footballer African investments African news African start-up Business Classic Climate change Content coronavirus Cyclone Idai Egypt Explore Bali Finance Foods football Health Hopewell Mauwa Life Style mali news Market Stories news Odion Ighalo Oilandgas Opinion Pandemic Politics Premium reserve bank of Zambia Russia soccer South Africa Southern African News sports Stay Home United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe Zimbabwe Harare Manufacturing Africa Employment creationn Zimbabwe job creation

WHO WE ARE

The Southern African Times is a regional bloc digital newspaper that covers Southern African and the world news. The paper also gives a nuanced analysis on news and covers a wide range of reporting which include sports, entertainment, foreign affairs, arts and culture.

Facebook Twitter Youtube Instagram Rss

Copyright © 2022 The Southern African Times | Powered by The Southern African Times

Privacy Policy

Terms and Conditions

  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?