President Hakainde Hichilema was sworn in for a second five-year term this week, marking a new chapter for the copper-rich nation as his primary opponent, Brian Mundubile, sits in custody on charges of treason.
Hichilema, who secured 60% of the vote in the August 13 election, has been credited with stabilizing Zambia’s economy after inheriting a default-ridden nation in 2021. While Hichilema focuses on a transition from economic stabilization to growth, the political landscape remains tense.
Following the election, security forces raided a property linked to Mundubile, resulting in the death of a former cabinet minister and the arrest of several opposition figures. Authorities allege the opposition was plotting an armed insurrection, a claim Mundubile and his camp have denied.
Despite concerns raised by EU observers regarding tallying procedures and transparency, Hichilema’s inauguration proceeded at the National Heroes Stadium with several African heads of state in attendance. Hichilema used his inaugural address to call for national stability, stating that the pursuit of power must not come at the expense of security.
With copper prices rising and international creditors showing continued confidence, the administration is now looking to leverage its initial economic reforms to drive broader prosperity.
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