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Zambia's Lungu faces battle to restore economic growth

Municipal workers collect glass and plastic at a waste landfill in LusakaZambia’s newly re-elected President Edgar Lungu faces an uphill battle to revive an economy reeling from a slump in copper prices, with a free-falling currency and widening budget deficit. After winning last week’s disputed vote, Lungu moved to assure supporters that a new government will work to improve the welfare of Zambians grappling with high inflation and rising food prices. A drop in copper prices of almost one-third from their peak in February 2011 has resulted in thousands of job losses in the mining industry, where most companies are owned by foreign, notably Chinese investors.

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