Newly elected Zambia President Hakainde Hichilema waves at the crowd after taking oath of office at the Heroes Stadium in Lusaka on August 24, 2021. opposition movements. Salim DAWOOD / AFP
A peaceful transfer of power took place in Lusaka on Tuesday when opposition leader Hakainde Hichilema (photo) became Zambia’s seventh president in the post-colonial era. President Hichilema made clear right from the start that the economy, specifically reducing the country’s heavy debt load, will be his government’s top priority.
President Hakainde Hichilema restated his longstanding commitment to deal with all of Zambia’s creditors equally in a future debt restructuring deal and vowed not to give any preferential treatment to Chinese creditors. “What ...