Zambia’s Hichilema win gives investors continuity
Zambian President Hakainde Hichilema‘s re-election hands investors the policy continuity they sought, while negotiations on a new International Monetary Fund (IMF) programme provide an early test of whether a second term can turn economic stabilisation into sustained growth.
Finance Minister Situmbeko Musokotwane told Reuters before the election that fresh investment was needed to drive growth and create jobs, but said it was still too soon for Zambia to return to international bond markets as the government seeks to cement its relationship with the Fund.
ZAMBIA SEEKS NEW IMF PROGRAMME The southern African nation aims to secure a new IMF programme by year-end after its previous $1.
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