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Zambia at 58: Gains, pains as President Hichilema gives hope of better days

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The president of Zambia, Hakainde Hichilema, in his speech for the commemoration of the country’s 58th independence has called on Zambians to uphold the values and virtues of its past heroes.

The theme for this year’s independence anniversary is: “Promoting Inclusiveness towards a sustainable Social and Economic Recovery.”

With a population of over 18 million, Zambia is located in Southern Africa, east of Angola. The country until independence in 1964 was known as Northern Rhodesia.

The Southern African country has had a mixed political history from its precolonial era, colonialism, and the era of self-rule which was characterized by one-party rule for 19 years from 8 December 1972 and 1991, military interregnum, and the current multi-party system.

The country currently enjoys some sort of political stability under President Hichilema. The Economist Intelligence Unit (EIU) has consistently put Zambia among the top ten most democratic African countries, ranking it 8th in Africa and 99th in the world as of 2018 (167 states).

But there is a struggle on the economic side. Zambia was the first African country to default on its external loan during the COVID-19 era as it struggled with debt that reached 133% of GDP at the end of 2021.

It then opted to bow out of a $42.5 million Eurobond repayment in 2020 and is seeking $8.4 billion of debt relief from 2022 to 2025.

As recently hinted by a senior official of the International Monetary Fund, IMF, Kristalina Georgieva, work is on for a timely debt restructuring for Zambia as the country now seeks a present value of $6.3 billion debt reduction or 49% of the external debt being restructured, a level some bondholders have said would be unacceptable.

There is a lot to cheer for Zambia on its 58th independence. Hopefully, the government’s projection of the country’s economic growth at 4% per year in the medium term and its focus on resolving the country’s debt crisis would hit the target.

Happy Independence Zambia.

Politics

Ghana’s Supreme Court reinstates ruling party’s majority

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The ruling New Patriotic Party regained its majority in the legislature ahead of the Dec. 7 election after Ghana’s Supreme Court declared on Tuesday that the speaker of parliament’s declaration of four seats as vacant was illegal.

 

Alexander Afenyo-Markin, the leader of the NPP caucus, petitioned the supreme court of the West African nation to reverse Speaker Alban Bagbin’s decision.

 

Bagbin had said that one member of the National Democratic Congress and two members of the NPP had resigned their seats when they registered to run as independents.

 

Another lawmaker with an NPP leaning filed as an NPP candidate to run for office.

 

Due to Bagbin’s decision, the NDC now holds 136 members in parliament, compared to the 135 held by the NPP, the party of outgoing President Nana Akufo-Addo.

 

The approval of Supreme Court nominees, loans, and bill enactments, as well as the presentation of a provisional budget for the first quarter of 2025, were all delayed by the indefinite postponement of two further parliamentary sessions.

 

In a televised decision, Chief Justice Gertrude Torkornoo declared that Afenyo-Markin’s appeal was successful by a majority vote of 5:2. She noted that the court will later submit the rationale for its ruling.

 

According to Afenyo-Markin, the decision permitted the parliament to return to its regular activities. Among other things, it is anticipated to approve a $250 million World Bank loan intended to support the financial industry and give corporations tax breaks.

 

 

A request for comment from Bagbin’s representative was not answered.

 

Although some observers predict a hotly contested election, opinion surveys suggest that primary opposition leader John Dramani Mahama will likely defeat NPP contender and incumbent Vice President Muhamudu Bawumia in next month’s election.

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Politics

Senegal: PM Sonko urges followers to avenge campaign violence

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Senegal’s Prime Minister, Ousmane Sonko, has advised Pastef party followers to exact retribution for claimed violence against them during the Sunday parliamentary election campaign.

 

Before a presidential election in March in some of the greatest disturbances in Senegal’s history, supporters of the prime minister, also president of Pastef, battled with police. Since Sonko’s ally, President Bassirou Diomaye Faye, won the vote, the nation has remained peaceful. He defeated then-president Macky Sall handily.

 

 

However, reports of periodic conflicts between various party supporters have surfaced recently as the nation gets ready for a legislative contest that will finally determine how much Faye and Sonko will be able to carry out their agenda.

 

Sonko claimed in a social media post attacks against Pastef supporters in the capital Dakar and other towns since campaigning began.

 

 

“May each patriot they have attacked and injured, be proportionally avenged. We will exercise our legitimate right to respond,” he wrote.

The text accompanied a photo of a young man showing a gashing wound on his forearm.

 

The first week of campaigning saw an increase in violence reported by a local civil society group involving conflicts between supporters in central Senegal and the burning of an opposition party headquarters in Dakar.

 

Calling for calm, the interior ministry said on Monday it had been notified of acts of violence and sabotage against party caravans and other campaign activity.

 

In order to stop damage, rights defender Alioune Tine asked politicians to exhibit “moderation and wisdom” in their speech and requested the interior ministry to invite various party representatives to meet.

 

 

“The verbal escalation has reached a critical threshold, we have the impression of going to war,” Tine posted on X.

 

 

Pastef is up against former ruling parties that have united ex-presidents Sall and Abdoulaye Wade into a coalition.

 

Dissolving the opposition-led national assembly in September, Faye accused legislators of not participating in substantive budget and other proposal debates.

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