HH tells the BBC that the Zambian economy is in a mess because President Lungu has no vision

Filed under: Breaking News |

photoOpposition UPND leader Hakainde Hichilema says the Zambian economy is weakening because President Edgar Lungu has no vision for the country.

Mr Hichilema said the domestic economy is going through serious stress due to poor leadership exhibited by President Lungu.

The UPND leader who looked controlled and composed during the short interview said President Lungu publicly admitted that he lacked any vision for Zambia during the presidential campaigns.

‘To be fair to him he publicly admitted that he had no vision for the nation and that is recorded in his campaign messages,’ Mr Hichilema said.

He added, ‘Since he took over office, we can look at two parameters, Debt is increasing both domestic and international debt to levels that are unsustainable, having come out of a debt trap not too long ago and we are getting back there.’

Mr Hichilema said the Kwacha has also collapsed which has increased the cost of living especially for the poor.

‘Secondly, the domestic currency has collapsed, the Kwacha has depreciated by 20 percent in few a months and that has increased the cost of living for the majority of our people, food included in there,’ he said.

Asked to comment on President Lungu’s recent trip to China, President Hichilema said China is a key economic powerhouse hence the need to maintain cordial relations with it.

Mr Hichilema said what was needed is to engage China on mutually beneficial terms to ensure that agreements are structured in a way that benefits both parties.

The UPND leader also emphatically stated that he will continue seeking public office in order to serve the people of Zambia.

He said he will not give up until his party decides to field a better candidate to contest the presidency on the party ticket.