Zambia has shown common sense with their election: Zambia Re-Elects President Mwanawasa With 43% of Vote 2006-10-02 08:03 (New York) By Kennedy Mambwe Oct. 2 (Bloomberg) -- Zambian President Levy Mwanawasa won re-election with 43 percent of votes cast, according to preliminary results, on pledges to continue policies that have attracted foreign investors to Africa's biggest copper producer. He beat rivals Michael Sata, 68, and Hakainde Hichilema, 44, who each received 27 percent of votes, Ireen Mambilima, chairwoman of the Electoral Commission of Zambia said today in the capital, Lusaka. The commission has announced results from 135 of the country's 150 constituencies. Mwanawasa, 58, has presided over economic growth in excess of 5 percent, the lowest inflation rate in 30 years and the cancellation of much of the southern African nation's foreign debt. Initial results had indicated a victory for Sata's Patriotic Front, which promised to limit foreign investment and give Zambians a greater share of the country's wealth. ``Let us remain calm as the process continues,'' Agence France-Press quoted Sata as saying after his supporters staged violent demonstrations across Lusaka in protest at the results. ``They should not pick up stones, they should not pick up'' machetes. Investor concern Sata might win the election had led the Zambian kwacha to weaken to an 11-month low of 4,425 against the dollar on Sept. 14 from 3,020 on May 11. The kwacha was Africa's best-performing currency last year. Results Delayed The final results of the election were delayed yesterday after clashes between police and Sata's supporters, who set fire to shops, vehicles and a police station. At least 19 demonstrators were arrested. Mwanawasa, in his first comments on the elections, appealed for calm and called on the nation to ``condemn all acts of lawlessness being perpetrated by some parties,'' Agence France- Presse reported yesterday, citing addresses by the president on state-owned radio and television. Mwanawasa's policies have included tax breaks for mining companies. He also boosted the tourism industry by setting up a fund to encourage local investment, reduced corruption and increased agricultural output by supplying more seed and fertilizer to farmers. Surging copper prices have attracted investment in Zambia's mining industry. During the past three years, copper miners invested as much as $1.5 billion, Mines Minister Kalombo Mwansa said on June 14. Mining companies operating in the country include London- based Vedanta Resources Plc, owner of Konkola Copper Mines Plc, Africa's biggest copper producer, Vancouver-based First Quantum Minerals Ltd. and Baar, Switzerland-based Glencore International AG. Equinox Minerals Ltd., based in Perth, Australia, is digging Africa's biggest copper mine in Zambia at cost of $415 million. Support for Sata has risen from the 3.35 percent he won in elections in December, 2001, on growing discontent about the country's 50 percent unemployment rate, the fact that more than two-thirds of Zambians live below the poverty line and criticism of Chinese mine owners. The final results of the election are expected to be released at 6 p.m. today in Lusaka. --Editor: Sanders |