Zambia's leader says turning around economy, despite empty coffers

Previous governments had failed to unlock bailouts in tough talks with creditors and in 2020, Zambia became Africa's first country to default during the Covid pandemic.

Inflation -- at 15.1 percent, according to official figures -- is now the lowest in nearly two years, and the local kwacha currency has appreciated for the first time in 17 years, he said."The debt crisis is one that would have sent a new leadership into a crisis" but"we went on to manage that default quickly," he said.

"It was never going to be easy", he said, proudly chronicling some of his achievements this far. In the case of the kwacha, the currency gained 27 percent against the greenback in 2021, according to market data.

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Bullshitting themselves just like the ANC

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