Zambia
Zambia is under pressure from external creditors, particularly China to whom the country owes a bulk of its $12 billion external debt. COVID has pushed the nation to its knees and the economy is about to shrink by nearly 5%. The kwacha, the country’s currency, is losing worth every single day.
President Edgar Lungu knows the scale according to which he will be judged. He will be coming up against the veteran Hakainde Hichilema of the United Party for National Development.
For what it’s worth, neither Lungu nor Hichilema hold s the panacea for what is about to hit Zambia. But it is the president who has more to lose if Zambians do not believe he has a plan for a way out.
