President Hichilema among African leaders selected to champion global financial reforms

The African Union (AU) has reportedly selected three Presidents, including Zambia’s President Hakainde Hichilema, to lead efforts in reforming the global financial architecture.

The initiative aims to ensure Africa is accurately valued and assessed, enabling the continent to attract developmental capital at fair rates.

President Hichilema made the announcement during the Clergy Prayer and Envisioning Gathering at Mulungushi International Conference Centre in Lusaka, organized by the National Prayer, Fasting, and Reconciliation Committee.

He emphasized that the current global financial system discriminates against African countries like Zambia, leading to higher capital costs and hindering economic growth.

By working with the AU and other stakeholders, Zambia could help drive these reforms and unlock new opportunities for development.

Hichilema further stated that reforming the financial system would allow African nations to fully harness their natural resources responsibly and drive sustainable growth.

“As President of Zambia, I remain committed to promoting national values and principles, such as morality, patriotism, and social justice. These are enshrined in Zambia’s Constitution and are crucial for national development,” he said.

Hichilema also highlighted the importance of upholding Zambia’s core values, including mutual respect, unity, diversity, and accommodation, to foster national progress.

“As leaders, it is essential to model these values, even amid disagreements or challenges. Doing so promotes a culture of love, respect, and understanding—key pillars for building a stable and secure nation,” he added.

Hichilema further noted that Zambia’s adherence to these principles would not only benefit the country but also serve as a model for regional peace, stability, and development.

Meanwhile, he was reported as saying that the recent summit between the Southern African Development Community (SADC) and the East African Community on peace efforts in eastern DRC marked a significant step forward.

He described the collaboration between the two regional blocs as historic, adding that the second meeting held on March 24, 2025, demonstrated regional leaders’ commitment to finding a lasting solution.

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