Business & Finance

Zambia’s new leader vows ‘zero tolerance’ on corruption

LUSAKA— Zambia’s new President Hakainde Hichilema vowed to strengthen anti-corruption efforts and show “zero tolerance” for graft, in his first speech to parliament.

Hichilema, elected last month in a landslide, said the government would devise a mechanism to recover state assets allegedly stolen under the southern African country’s previous regime.

On his arrival at the National Assembly, Hichilema received a 21-gun salute and inspected the guard of honor before entering hand-in-hand with his wife, Mutinta.

Dozens of supporters, clad in red, sang his campaign songs.

“We have a zero-tolerance policy on corruption in all its forms,” Hichilema said, speaking in a medical mask and white gloves before lawmakers.

“There will be no sacred cows in the fight,” he added. “We will increase the benefits of being honest and the cost of being corrupt.”

Hichilema promised to strengthen investigative wings agencies and create special courts to hear corruption cases.

He also outlined an economic recovery plan to fix the impacts of unsustainable borrowing and mismanagement that caused copper-rich Zambia to default on its debt last year the first country in Africa to do so in the coronavirus era.

Rising living costs, unemployment, and everyday hardship boosted Hichilema’s popularity, particularly among the majority of young voters.

He beat his long-term rival Edgar Lungu in Aug 12 polls by a landslide of almost one million votes a victory hailed as a democratic milestone for opposition movements in Africa.

“We have indeed inherited an economy that is in dire straits and requires bold and decisive action,” Hichilema said, vowing to boost key sectors like mining, agriculture, and tourism.

He has vowed to secure a bailout deal with the International Monetary Fund — a drawn-out negotiation process started under Lungu — and to achieve economic growth of more than 10 percent within five years.

Source: NAM NEWS NETWORK