Zambian president concedes defeat in landslide election
Zambian President Edgar Lungu conceded defeat on Monday, after a landslide election win by opposition leader Hakainde Hichilema, who will face the challenge of reviving an economy in turmoil.
When the celebrations die down, Hichilema, a former CEO at an accounting firm before entering politics, will need to focus on resuscitating a flagging economy. Zambia became Africa’s first pandemic-era sovereign default in November after failing to keep up with its international debt payments. He has some room for manoeuvre as the economy has been buoyed slightly by more favourable copper prices this year. Copper is hovering around decade highs, driven partly by the boom in electric cars. In 2020 Zambia, Africa’s second-biggest copper miner, produced record output of the metal.
He touted his nationwide success, even in perceived Lungu strongholds, as evidence that Zambia had dodged ethnic division. “Victory ... [has] been delivered by all the 10 provinces of Zambia ... isn’t that lovely?” he said, to applause.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tensions high in Zambia as vote counting continuesThe final results are set to be announced early on Monday.
Read more »
Ahead of local elections, EFF urges South Africans to learn from 'determined' ZambiansThe EFF has congratulated the people of Zambia, and the ruling party-elect with its leader Hichilema over a landslide victory.
Read more »
Zambia’s Hichilema nears big win in vote denounced by presidentThe opposition leader seems headed for a landslide victory in a presidential election with record turnout
Read more »
Zambia’s Hichilema nears big win in vote denounced by presidentThe opposition leader seems headed for a landslide victory in a presidential election with record turnout
Read more »
Opposition leader Hakainde Hichilema elected Zambia’s president | CitypressLong-serving opposition leader Hakainde Hichilema is Zambia’s seventh Republican president, after defeating his fierce rival Edgar Chagwa Lungu of the Patriotic Front last week.
Read more »
Stunning win for Zambia’s opposition leader, Hakainde HichilemaPresident Edgar Lungu has yet to concede defeat, and has indicated that he might challenge the result, which will be difficult, given the margin
Read more »