Debt crisis to overshadow Zambia's high stakes election - News Summed Up

Debt crisis to overshadow Zambia's high stakes election


Presidential and parliamentary polls on August 12, 2021 will mark the sixth attempt by opposition leader Hakainde Hichilema, 58, to claim the top job. Read More"Top of the pile is the faltering state of the economy, worsened by a crippling public debt." Copper-rich Zambia has seen its external debt surge to nearly Sh1.3 trillion this year-- around 80 per cent of GDP. The International Monetary Fund projects Zambia's economy to contract by 4.8 per cent this year. "These people are dead scared of me and their plan is to eliminate me from the election next year," Hichilema told AFP.


Source: Standard Digital October 25, 2020 09:22 UTC



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