Zambia’s election outcome excites Zim billionaire

 Zambia’s election outcome excites Zim billionaire

Zambia’s election outcome excites Zim billionaire.

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The elections win by opposition leader Hakainde Hichilema popularly known as HH in the just ended polls in Zambia has excited Billionaire, Strive Masiyiwa and has vowed to invest more money in that country.

Masiyiwa, owner of Africa’s largest fibre company Liquid Intelligent Technologies, highlighted that he will be watching closely for policy changes that could prompt  investors to inject more money  and create employment.

“Like most Africans, I had my eyes fixed this last week on following the Zambian elections,” said Masiyiwa.

“First of all, I would like to extend my congratulations to now President-Elect Hakainde Hichilema, his supporters, and all the people of Zambia. By any electoral precedence, this is a landslide victory rarely seen these days.”

Masiyiwa had kind words for the outgoing leader Lungu whom he said showed ‘African class’ by conceding defeat.

“I would also like to commend outgoing President Edgar Lungu for the manner in which he conceded the election: As I told a friend in America, it was a bit of ‘African class’,” said Masiyiwa.

Masiyiwa, Zimbabwe’s richest man has a net worth FORBES estimates at $1.9 billion. His mobile telecoms company, Econet Wireless, has operations across Africa

“As a company, we have invested in Zambia now for over 15 years, and we are there to stay for the long term. We will be watching closely for policy changes that could encourage us, and other investors to put more money in, and create more jobs,”Masiyiwa said.

An independent economic and political research firm NKC economics had predicted that if incumbent Lungu wins, he was to continue creating hostile business environment through nationalist and authoritarian policies.

However, Hichilema defeated the incumbent, Lungu, by a landslide – more than a million votes.

In its final tally, Zambai’s electoral commission announced that Hichilema won 2,810,777 votes to Mr Lungu’s 1,814,201 in August 12 elections. There were seven million registered voters.

Hichilema’s triumph over Lungu was his sixth attempt after failing to land the top Zambia’s job for the past years.

 Lungu who earlier had described the polls as not free and fair later   accepted defeat and congratulated Hichilema.

Hichilema graduated with a degree in economics and business administration. He continued his studies abroad at the University of Birmingham, earning an MBA. He returned to Zambia and led the Zambian operations of Coopers and Lybrand – later part of PricewaterhouseCoopers and Grant Thornton. His business portfolio diversified and now includes property management, financial consultancy, and tourism

Fidelity Hamilton Mhlanga

Fidelity Hamilton Mhlanga has been writing finance and business news over the past 5 years. He earned a BSC in Media and Society Studies and Masters of Development Studies from Midlands State University, in Zimbabwe. He follows mining, insurance, banking and energy stories. He is passionate about development and growth.

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