The China Mail - President's economic record on the line as Zambia votes

USD -
AED 3.672504
AFN 66.000368
ALL 81.708779
AMD 361.738976
ANG 1.790365
AOA 917.000367
ARS 1524.875041
AUD 1.44321
AWG 1.8025
AZN 1.70397
BAM 1.737022
BBD 2.009681
BDT 122.678627
BGN 1.683441
BHD 0.376127
BIF 3010.346818
BMD 1
BND 1.277055
BOB 11.988987
BRL 5.210804
BSD 0.997824
BTN 96.669479
BWP 13.794573
BYN 3.005462
BYR 19600
BZD 2.00675
CAD 1.42495
CDF 2310.000362
CHF 0.8304
CLF 0.025096
CLP 990.920396
CNY 6.70455
CNH 6.712104
COP 3308.76149
CRC 457.213908
CUC 1
CUP 23.946889
CVE 97.930636
CZK 21.719304
DJF 177.681069
DKK 6.642604
DOP 59.576358
DZD 133.728851
EGP 52.195035
ERN 15
ETB 162.975798
EUR 0.88815
FJD 2.24725
FKP 0.755263
GBP 0.756974
GEL 2.60504
GGP 0.755263
GHS 11.718993
GIP 0.755263
GMD 73.503851
GNF 8777.476797
GTQ 7.625561
GYD 208.721524
HKD 7.847404
HNL 26.788934
HRK 6.696704
HTG 130.662996
HUF 327.440388
IDR 17888.5
ILS 3.05233
IMP 0.755263
INR 96.325504
IQD 1307.16284
IRR 1746539.503816
ISK 121.930386
JEP 0.755263
JMD 157.964386
JOD 0.70904
JPY 157.840385
KES 129.517297
KGS 87.450384
KHR 4047.24899
KMF 438.00035
KPW 900.000318
KRW 1343.510383
KWD 0.30883
KYD 0.831476
KZT 448.314756
LAK 22413.073405
LBP 89353.168436
LKR 329.979129
LRD 170.620365
LSL 16.683601
LTL 2.95274
LVL 0.60489
LYD 6.390159
MAD 9.913406
MDL 17.831165
MGA 4408.721524
MKD 54.687153
MMK 2099.850161
MNT 3596.272149
MOP 8.065101
MRU 39.872996
MUR 48.150378
MVR 15.460378
MWK 1730.183401
MXN 18.160804
MYR 4.084904
MZN 63.903729
NAD 16.683601
NGN 1330.790377
NIO 36.715662
NOK 9.618604
NPR 154.671167
NZD 1.780469
OMR 0.383712
PAB 0.997824
PEN 3.457791
PGK 4.518851
PHP 62.583504
PKR 276.36618
PLN 3.89575
PYG 5837.737022
QAR 3.637106
RON 4.741904
RSD 104.338559
RUB 83.307429
RWF 1477.774324
SAR 3.74329
SBD 8.078071
SCR 13.73871
SDG 601.503676
SEK 10.040104
SGD 1.278604
SHP 0.75503
SLE 24.603667
SLL 20969.491881
SOS 570.273991
SRD 37.811504
STD 20697.981008
STN 21.759403
SVC 8.730405
SYP 13002.000254
SZL 16.680137
THB 33.503646
TJS 9.184777
TMT 3.5
TND 2.973311
TOP 2.40776
TRY 49.127504
TTD 6.765842
TWD 31.821804
TZS 2629.246414
UAH 44.897287
UGX 3981.526711
UYU 40.21493
UZS 11768.728629
VES 865.47815
VND 25985.5
VUV 119.582079
WST 2.788611
XAF 582.588484
XAG 0.016565
XAU 0.000241497186
XCD 2.70255
XCG 1.798304
XDR 0.707052
XOF 582.588484
XPF 105.919446
YER 236.303589
ZAR 16.65505
ZMK 9001.203584
ZMW 19.606554
ZWL 321.999592
SSP 5712.591527
MXV 2.054862
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

President's economic record on the line as Zambia votes
President's economic record on the line as Zambia votes / Photo: © AFP

President's economic record on the line as Zambia votes

Zambians go to the polls Thursday with economic hardship testing President Hakainde Hichilema's record as he seeks a second term to govern the copper-rich nation.

Text size:

Long regarded as one of Africa's more stable democracies, the country has come under scrutiny over concerns that Hichilema's government has narrowed the space for dissent even as it promises stronger economic recovery.

The 64-year-old tycoon won a 2021 election on his sixth attempt and is betting on job creation and an ambitious infrastructure drive to secure a final five-year term.

His main challenger in a field of 13 other hopefuls is Brian Mundubile, a former minister in the Patriotic Front (PF) government that ruled from 2011 to 2021.

Backed by an alliance of opposition parties, Mundubile is running under the newly formed NRPUP which draws much of its political base from the former ruling party.

He entered the race in May, injecting uncertainty into a contest that had long appeared to be Hichilema's to lose.

The 55-year-old Mundubile told AFP on Wednesday that the government had tightened restrictions on his party's campaign and he did not see the election as being free and fair.

He said an opposition victory would begin with "a national reset" and reconciliation in a country he described as deeply divided. "There's very little development you can do with a divided country," he said.

- 'Hand-to-mouth' -

For voters, the sharper question is whether Hichilema's reforms have improved their daily lives.

More than 70 percent of Zambia's 22 million people live on less than three dollars a day, according to World Bank data.

While inflation fell to 6.8 percent in April and the kwacha currency has strengthened, many still face high food and energy costs. The unemployment rate is around 10 percent.

Africa's second-largest copper producer, Zambia defaulted on its sovereign debt in 2020.

Since then, the government has secured a debt restructuring, completed an IMF-supported programme and set an ambitious 2031 target to triple production of copper, crucial to the green-energy transition.

"It's only those who are connected to politicians that are saying the economy is doing well," 32-year-old bus driver Ceshas Tembo told AFP, still undecided over which candidate to back.

"For many of us, it is still hand-to-mouth and even then it's never enough."

As police pledged extra security on voting day, the government announced Wednesday the arrests of several people, including three former senior government officials and a Kenyan national, over an alleged plot to interfere with the electoral system.

- 'Predictable leader' -

Up to 8.7 million voters are registered, with polling stations opening at 6:00 am (0400 GMT) and closing 12 hours later.

Voters will also elect 226 parliament seats, up from the previous 156.

Voting has traditionally followed regional lines, with Hichilema's party strongest in the south and west, and the PF retaining pockets of support in the north and Copperbelt.

While this year's vote has been "surprisingly competitive", voters were likely to stick with the stability of Hichilema, said Patience Mususa, senior researcher at the Nordic Africa Institute.

"Despite criticism of his slow progress in addressing government inefficiencies and corruption, and concerns about his prioritisation of corporate interests, he is seen as a more predictable leader," she said.

Results of the presidential vote are expected by August 17. The winner needs more than 50 percent to avoid a runoff.

Zambia has a long record of transferring power through the ballot box, with every change of president since the return to multiparty politics in 1991 achieved through elections.

Y.Su--ThChM