Zambia has more than $12bn in external debt and an unknown amount of debt to China.
Last year, it became the first African state to default on its debt during the COVID pandemic.
Candidates in upcoming presidential elections are all trying to convince voters they have what it takes to turn the economy around.
But some economists warn against adding to Zambia’s debt load.
Al Jazeera’s Haru Mutasa reports from Lusaka, Zambia.
– Subscribe to our channel: http://aje.io/AJSubscribe
– Follow us on Twitter: https://twitter.com/AJEnglish
– Find us on Facebook: https://www.facebook.com/aljazeera
– Check our website: https://www.aljazeera.com/
#Zambia #ZambiaElection #ZambiaDebtCrisis
أختكم من اليمن , أبي متوفي من 3سنة بسبب الحرب وعندي 4أخوات وحالنا يعلم الله فيه واني متكفلة فيهم , واني الان قمت بعمل قنات وربما أربح منها لكن ينقصني الكثير من المش تركين .
واتمنى ما تسخروا مني , وأعرف إن هذه الطريقه غلط لكنها الطريقه الوحيده اللي اقدر من خلالها اكسب نقود حلال 💔💔 لا سامح الحرب اللي وصلتنا لذي المراحل..k
أختكم من اليمن , أبي متوفي من 3سنة بسبب الحرب وعندي 4أخوات وحالنا يعلم الله فيه واني متكفلة فيهم , واني الان قمت بعمل قنات وربما أربح منها لكن ينقصني الكثير من المش تركين .
واتمنى ما تسخروا مني , وأعرف إن هذه الطريقه غلط لكنها الطريقه الوحيده اللي اقدر من خلالها اكسب نقود حلال 💔💔 لا سامح الحرب اللي وصلتنا لذي المراحل..m
Things are going bad
Wish everyone the best possible outcome.
Greetings from Ireland, 10th of August, 2021.
Faka pressure Bally
HH Bally is winning 😌
Me too
Faka pressure 😂🙌🔥
Here in zambia, things are not going great. We should have free healthcare and free education back we had enjoyed during kaunda’s term.
@dzhnadm We are better off poor than to be treated like animals that too on our own land
That’s why you’ll keep being bribed because you want free stuff. Free education to do what? Where are you going to use that free education where there’s no jobs? You should be voting for someone who is going to create a favorable environment for anyone to start a business make their own money and pay for their own education.
@Ellen Kekana my cry is free health care. Education yes, needs subsidised, but health Care is key as everyone for now people can strive and manage to take kids to school. As for health, every worker pays every month towards health scheme. We need to begin to see the benefit, everyone to have quick access to health services at no cost, no priscription to buy own medicine if hospital don’t have particular drug. Each one should have quick response when call upon health services and no one to be returned bcoz they can’t pay. No one should. More employment to be prioritised in health and education sector.
@Mwenda Misheck Do you know in a free market economy everyone can be serviced based on their affordability? In a free market system a business must look at which market needs services and creates tailor made services that meet the needs of those people at the cost they can afford. What I’m saying is advocate for free Markets that create jobs and competition. Competition is the only thing that can service anyone to the poorest person.
@Mwenda Misheck The government can only regulate and have systems to ensure legal and ethical services are offered to the people.
Good evening 👍
Ohh from Pakistan
Thanks Obama….
Continent full of problems
A world full of the same problems, caused by the Same people.
Don’t pay back pathological liar CCP China’s loan traps. . When you has a coruptive government, everyone is the one to suffer.
he speaking english, doesn’t need translation
The voice was not clear that’s why
They make fools of Africans
My vote is intact, not even aljezira can bribe me 🇿🇲
Lol
Edgar lungu must to step down
Vote him out if that is what the people want.
Edgar lungu has sold out Zambia to Chinese
Not only him,the entire African leaders have done the same
He has and people don’t see that 😢
Zambia must to stop taking loans or aids from china
Bitcoin!
co ro na is a scam
Saludos gente hermosa
Hola 😊😊😊😊😊💜💜💜💜
My take on the debt crisis which is plaguing citizens of Zambia in Africa, is simple mathematics. Too many unified white powers apart of American Politics, which are, like myself, keeping us confined in a “dead society”, which in itself goes against the grain of black heritage, and former President Barack Obama!
“Unknown amount of debt to China”…..Looks like the CCP has got it’s hooks into yet another country. Who needs an army to invade a country to establish a world empire when all you have to do is buy that country with “aide” loans they can’t repay ? CCP is out-capitalising the capitalists
This is exactly why capitalism and world banks controlled by Europeans MUST BE SHUT DOWN! The value is in the resources the earth produces not in Money!
Zambia Chinese looking smart well
PF could have used borrowed money to create industries they have felt to deliver for the Zambian pipo Lungu doesn’t have leadership skills he’s a corrupt man
Failed lawyer/ con artist to many widows!
Lungu will face the book sooner than he thinks.
Same in America sadly
Food prices are ridiculous. I don’t know how people can afford to feed their families
Eh Eliane you made it to Al Jazeera 👏🏿👏🏿👏🏿
We are ready for change. Lungu has proven to be an authoritarian, an individual that is highly corrupt, his presidency has been spent enriching himself and his political party, human rights are at an all-time low in Zambia, the deployment of the army is a failed attempt at intimidating us the citizens from voting him out, but tomorrow we the Zambians put him out of office and take the power back.
Zambians plz tell me. How do you feel when you see groceries/consumables (Pears, beans,….) exported from China? Tomatoes and all types of fruits exported from SA. Chinese producing chickens in two weeks and put out on the market. The same as fishes, everything is junk.
zambia once face of africa with democracy, now is being run by adictator, who changed hterm limits from two terms to extend them, so that he can continue selling zambia to China, its not the president to be blamed, but the Zambians who sat down and wtched a criminal, a dictator selling ur nation, zambians shame up on u, do u know how much ur grandfather spent on paying their blood for u to be liberated, now u have sold yourself to chines, zambia is now colonised by china, while governed by corrupt dictator president.
Chinese own Zambia
Lungu OUT
He knows all the evils that has happened but he’s very quiet,he’s going
Why are you translating the Presidents speech if his speaking in English already 😡😡
That should tell you something about him…can’t express himself audibly enough.
,,,👍
Lay off politicians, Vote publicly on issues directly. “Stand up, be heard, be counted, or sit down, shut up, listen, and learn.”
And I quote, “Paid for by Debt”… Today we vote
Kkkkkkkkkk built by government and paid for by debt.what a foolery but true statement.
What development when the past 7 years he did it in debt ,which debt he has defaulted.kkkkkkkkk this is day dreaming really
No change
you are a genius! lol
Facebook and WhatsApp have been frozen as earlier warned by the Zambian government. It is suspicious indeed
Edgar Lungu has done NOTHING! Infrastructural development doesn’t equal economic development. The fact that the poverty levels keep increasing should speak for himself. WE NEED AND WE WILL HAVE CHANGE!👋🏽👋🏽👋🏽
.
Lungu is too dictator
My parents are from Zambia and I’m born and raised in South Africa. I can remember on my most recent travels to Zambia that the price of living is ridiculously high. Hopefully change comes with these elections.