New Zambian President hopes to rebuild economy

ZAMBIA IS currently in the midst of an economic crisis, with ballooning national debt and accusations of corruption being thrown at all sides. But recently President Hakainde Hichilema has set his sights on reversing the nation’s financial difficulties by reducing borrowing from foreign lenders and increasing Zambia’s already impressive copper mining output. Copper demand has been rising with increased interest in sustainable energy, a demand that has seen the metal’s market price soar in recent years. Zambia’s finance ministry has outlined a plan to boost copper output, aiming to become the thirdlargest copper producing nation in the world by 2026 - behind Chile and Peru.