Thursday, December 1, 2022
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Zambia’s Hichilema is lauded for economic gains, but austerity is stirring anger among poorest

Zambia’s President Hakainde Hichilema is putting forward austerity measures in an attempt to undo a decade of economic decay under the former ruling Patriotic Front (PF). Even though he’s being lauded for drastic reforms, a majority of the poor are disgruntled with tougher living conditions.

​​Zambia defaulted on its debts in November 2020 after suffering dire ramifications from the Covid-19 pandemic. Nine months later, Hichilema assumed the presidency and embarked on a quest to revitalise the economy with the help of the IMF.

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