Zambia: Edgar Lungu takes slim lead in presidential vote

Zambia has averaged 6-7 percent growth as the mining sector boomed but that slowed to 5.5 percent last year, the International Monetary Fund (IMF) says, and could ease further with the price of copper reaching a 6-year low this month.

Lungu, a former lawyer with a laid-back, populist style, has used his campaign to tap into the grassroots support of his predecessor Sata, promising voters cheaper food and fuel.

Hichilema, one of Zambia’s wealthiest businessmen, has said if he wins he will draw on his experience in the private sector to attract foreign investment and diversify an economy, where copper accounts for 70 percent of export earnings.

Source: Reuters

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