President Hakainde Hichilema enters tomorrow’s general elections in Zambia as the frontrunner, buoyed by progress on long-running sovereign debt restructuring and a strong copper windfall. The next presidential term is likely to see stronger GDP growth and a falling public debt-to-GDP ratio. But it remains to be seen if the next president will look beyond improving macro stability, by encouraging a move up the value chain and addressing logistical and power constraints on growth.
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