Zambia wants to be a model for resolving Africa’s debt crises
President Hakainde Hichilema tells The Economist that China is “on board”
AFTER FIVE unsuccessful attempts and a spell in prison on trumped-up charges of treason, Hakainde Hichilema was elected president of Zambia in August. The businessman’s victory was due to voters’ anger at the corruption and collapsing economy overseen by his predecessor, Edgar Lungu. The West was cock-a-hoop. So too were mining firms, which had all but stopped investing in Africa’s second-largest copper producer because of high taxes and threats of expropriation.
Nine months later, is Mr Hichilema enjoying the job he craved? “It’s not fun trying to rebuild a damaged economy,” he tells The Economist, “but someone has to do it.”
This article appeared in the Middle East & Africa section of the print edition under the headline "Copper-bottomed promises"
More from Middle East & Africa
Israel has seen arms embargoes before
But this time it will struggle without American military support
The Israeli army is caught in a doom loop in Gaza
And the refusal to plan for the day after the war is fuelling a crisis with America
War and climate change are overwhelming Somalia
It has already been battered by three decades of conflict