Edgar Lungu Is Sworn In As New Zambian President

zambia-presidential-edgar-lungu

On January 25, 2015, Minister of Justice and Defense, Edgar Lungu was sworn in as the new president of Zambia in a special election that followed the death of former President Sata in October 2014.

Speaking at the inauguration ceremony, President Lungu thanked the voters and pledged to continue moving the country forward.

“I am humbled eternally and indebted to you all, my fellow citizens,” he said, “The bottom line is that we want the country to go forward and to banish poverty in our midst.”
 
According to the Zambian election commission, President Lungu won the election with a 48.3% majority in the country’s 150 constituencies and will serve the remainder of President Sata’s term until elections are held again in 2016.

In announcing his cabinet, President Lungu kept the current Finance Minister Alexander Chikwanda as well as the current Foreign Affairs Minister Harry Kalaba and appointed Inonge Wina as the country’s first female vice president.

With another election at the end of 2016, President Lungu has promised that he and his cabinet will work to build and rebuild the economy of the continent’s second biggest copper producer.

Related Posts
IMF Zambia
Read More

IMF Completes Sixth Review of Zambia Extended Credit Facility, Approves USD 190 million with GDP Growth Projected at 5.8% and Inflation at 9.3% in 2026

The International Monetary Fund has completed the sixth and final review of Zambia’s Extended Credit Facility, approving a USD 190 million disbursement and bringing total programme support to USD 1.7 billion. The Fund estimates GDP growth at 5.2% in 2025, driven by strong mining activity and record maize production, and projects growth of 5.8% in 2026, supported by improved electricity generation and continued expansion in mining and services, while inflation is projected to decline to 9.3%.