Lusaka

Market Reacted Positively As Zambia’s New President Took Oath

Zambia’s newly elected president Hakainde Hichilema assumed office last week Tuesday as the economy showed a positive reaction to his victory over outgoing president Edgar Lungu.

The 59-year-old was declared by the Electoral Commission of Zambia (ECZ) winner of the August 12 presidential election with 2,810,757 of the votes while Lungu got 1,814,201.

Hichilema has prioritized resuscitating Zambia’s economy which struggled under the stewardship of his predecessor. Since Hichilema’s victory, the country’s currency, Kwacha, has firmed against the United States dollar.

Executive director of Panos Institute Southern Africa (PSAf) Vusumuzi Sifile told Ubuntu Times from Lusaka, Zambia’s capital, that there are high expectations among citizens following Hichilema’s victory.

“The inauguration is raising hopes among ordinary citizens because in his acceptance speech Hichilema said the right things and as he takes office, we now expect action. What is immediate for everyone is access to employment opportunities and decent livelihoods because the levels of inequality had become wider under Lungu and access to service was not balanced. We expect equality,” said Sifile.

The election had a high youth voter turnout and many unemployed youths cast their ballots wearing their university graduation gowns. Zambia also has many ethnic groups that Sifile said need a reasonable representation as the incoming president formulates his cabinet.

“One of the visible things during the election was the high turnout of youth voters who wore their graduation gowns. To the youth, Hichilema is quite interactive and uses Twitter to engage them. The youth gave him the name ‘Bally’ and we expect this online interaction to turn to offline engagement.

“Zambia has 72 ethnic groups and citizens expect a balanced representation when the president gets down to work,” he added.

A Lusaka resident who also spoke to Ubuntu Times, Joanne, said there is hope among Zambians.

“There is peace and excitement among many Zambians who are expecting a lot from the new government. The immediate expectation is the reduction in the cost of living which is currently beyond the means of many Zambians,” said Joanne.

Unemployment, corruption, and economic mismanagement were perceived as key features during Lungu’s presidency. Under his watch, Zambia became the first African country to default its loan repayment during the Coronavirus pandemic as it is currently writhing under a US$12 billion dollar external debt.

Intimidation, Machete Violence Reported As Polls Open In Zambia

Voting starts today (Thursday) in Zambia in a tightly contested election between incumbent Patriotic Front (PF) candidate Edgar Lungu and main challenger Hakainde Hichilema.

Allegations of vote fraud and intimidation of supporters have been raised by Hichilema’s United Party for National Development (UPND) after reports of violence in the capital Lusaka between supporters of the two main parties.

Two PF supporters were last Friday hacked to death with machetes by attackers suspected to be from the UNDP, police said.

A Lusaka resident Kelvin Musunga yesterday told Ubuntu Times that the security situation stabilized after president Lungu deployed the army to help police quell pre-election violence.

“So far the situation is calm and stable. Soldiers and police have been in the streets. During the campaign period, we had reports of violence and police arresting suspects. They have been doing a good job ensuring there is peace.”

“However, some houses were burnt, and to maintain peace, I think people should not wear political regalia with their preferred candidates,” said Musunga.

UPND supporters
UPND supporters hope for change and expect Hichilema to win the presidency. Credit: Kelvin Musunga

Another citizen working in Kitwe only identified as Paul said “it is very peaceful here.”

The elections come as Zambia has a US$12 billion dollar external debt and becoming the first African country to default loan repayment during the COVID-19 pandemic. Lungu’s government has managed to embark on infrastructure projects but has failed to manage the economic welfare of citizens followed by a depreciating Kwacha currency.

Added Musunga: “Under the ruling party, the currency Kwacha has depreciated and it has been difficult for Zambians to buy basic commodities. The PF has developed roads and infrastructure but the cost of living has been high and we do not know what the ruling party will do if they get back in office.”

“Many youths are not happy with the ruling party and are hoping for a new government. Most of the youths are really looking forward to change in the country.”

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