In one week, Zambia goes from pariah to investor darling

World

In one week, Zambia goes from pariah to investor darling

New administration wants to mend ties with mining industry and finance minister wants to double copper production

Matthew Hill and Monique Vanek

Zambia’s new president, Hakainde Hichilema, is turning the nation’s economic fortunes around barely a week into the job.

The nation’s currency and dollar bonds have surged to become the world’s best performers since he was announced the winner of August 12 elections. 

His pick of economist Situmbeko Musokotwane as finance minister has gone down well with investors, as have his pronouncements that he’ll speedily conclude a financing deal with the International Monetary Fund and court foreign investment. ..

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