Zambia’s Hichilema seeks to turn debt recovery into economic expansion

Published 08/17/2026, 08:59 PM
Updated 08/17/2026, 09:19 PM
© Reuters.

© Reuters.

By Nilutpal Timsina

LUSAKA, Aug 18 (Reuters) - After restructuring Zambia’s debt in his first term, Hakainde Hichilema says there is more work to be done in his second and wants to double the size of the economy, create more jobs and expand opportunities for households.

The 64-year-old won a second term on Tuesday with roughly 60% of the vote, defeating his main challenger Brian Mundubile after campaigning on a promise to build on Zambia’s economic recovery.

Since taking office in 2021, Hichilema has steered Zambia through a major debt restructuring and restored relations with international lenders. But while supporters credit him with reviving the economy, critics say poverty and hunger remain widespread and accuse him of increasing intolerance of dissent.

FROM BAREFOOT TO BUSINESSMAN

Few African leaders have spent as long chasing the presidency. Hichilema suffered five defeats before finally unseating then-president Edgar Lungu in 2021.

Born in Monze district in southern Zambia, Hichilema often presents himself as a self-made businessman who walked barefoot to school before earning a government bursary to attend the University of Zambia and later studied business administration at Britain’s University of Birmingham.

Popularly known as "HH", Hichilema worked in the corporate sector and became one of Zambia’s richest men through a career in financial consulting, property and cattle ranching.

His political profile rose in 2017 when he spent four months in prison on treason charges after his convoy allegedly failed to give way to Lungu’s motorcade. The charges were later dropped.

He used the episode to bolster his image among supporters as a politician persecuted under Lungu’s government.

Throughout the campaigns leading up to the 2021 election, Hichilema argued Zambia needed disciplined economic management and that he was best placed to revive the economy.

ECONOMIC REPAIR JOB

When Hichilema finally took office in 2021, Zambia had defaulted on its debt the previous year and was facing one of its worst economic crises since independence.

He secured major debt restructuring agreements with international creditors, repaired relations with global lenders and attracted investment to the copper sector, the backbone of the economy.

Despite expectations of austerity, Hichilema expanded social spending. He introduced free secondary education — bringing an estimated 2.3 million children back into classrooms — while increasing social cash transfers and funding for community projects.

"He has shown that he is sensitive to social needs and to the lives of ordinary voters," said O’Brien Kaaba, a lecturer at the University of Zambia.

Still, many Zambians cite living costs and food prices as major concerns.

CONCERNS OVER DISSENT

Hichilema has brought the same corporate management philosophy to his government.

Unlike former president Michael Sata, whose popularity rested on his image as a charismatic "man of the people", Hichilema’s brand is built on managerial efficiency and problem-solving.

Analysts say this focus has concentrated decision-making around the presidency, leaving limited room for dissent.

"I’ve come to know that it’s difficult to advise him, and many people close to him have admitted that he doesn’t take advice simply," said Neo Simutanyi, a Lusaka-based political scientist and independent consultant.

Although Zambia has a history of democratic transitions, the opposition has accused Hichilema of restricting its ability to campaign and suppressing political dissent.

The approach has also drawn criticism from civil society groups, rights organisations and church leaders.

In November 2024, Catholic bishops accused Hichilema of using law enforcement to stifle opponents — as was done to him when he was in opposition.

A U.N. special rapporteur said in a 2025 report that there was "increasing concern" that the criminal justice system was being "weaponized to silence legitimate expression" and called for legal reforms.

Later that year, Zambia passed a cyber law that rights groups say is vaguely worded and allows authorities to intercept electronic communications.

Hichilema rejects allegations that his government has used law enforcement agencies to suppress dissent and restrict democratic freedoms.

"Arresting and prosecuting lawbreakers is not equivalent to loss of democratic space and human rights," he told parliament last year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2026 - Fusion Media Limited. All Rights Reserved.