Trump’s Win in U.S. Election Offers Positive Prospects for Zambia

By Peter Taila

As Donald Trump begins his second term as U.S. president, Zambia and other developing nations are considering the potential benefits that his administration might bring. President Hakainde Hichilema extended congratulations to Trump, expressing optimism that the renewed U.S.-Zambia relationship could bring economic and diplomatic benefits. Trump’s return to power is stirring hope across Zambia, where leaders see his foreign policy as an opportunity to address pressing economic issues.

Prospect of Lower Fuel Prices and Economic Relief

One of the most anticipated benefits of Trump’s presidency for Zambia is a potential drop in fuel prices. Trump has previously shown an ability to negotiate with Russia’s President Vladimir Putin, raising hopes that he might facilitate an end to the Ukraine conflict. The result could be a decrease in global oil prices, which would alleviate the high fuel costs currently affecting Zambia. For a country facing economic challenges, lower fuel prices would ease inflation and improve the cost of living, benefiting households and industries alike.

Zambia has been grappling with high living costs, and lower fuel prices would be a welcome relief. “This development could stabilize Zambia’s economy and provide more financial breathing room for Zambian citizens,” an economist explained. By fostering conditions for economic stability, Trump’s international diplomacy could indirectly support Zambia’s economic goals.

Renewed Opportunity for Peace in the Middle East

Trump’s positive relationship with Israeli Prime Minister Benjamin Netanyahu is also seen as a hopeful sign for ending the long-standing Israeli-Palestinian conflict. Should he be successful in brokering peace, this would further stabilize global markets, which could be advantageous for developing economies reliant on steady trade and energy prices. For Zambia, a peaceful Middle East could mean fewer global disruptions, ultimately benefiting its import and export markets.

Stronger Trade Relations and Investment Opportunities for Zambia

Trump’s past approach to trade and economic growth is another promising factor for Zambia. His administration’s “America First” policy, when coupled with increased trade opportunities, could open doors for Zambian industries. Zambian officials hope Trump’s pragmatic approach to trade will lead him to view African countries, including Zambia, as strong partners in sectors like agriculture, mining, and infrastructure.

For Zambia, this could mean increased foreign investment and a stronger focus on trade relations that support job creation and infrastructure development. Trump’s potential policy shifts toward Africa might create an environment in which African economies can strengthen and diversify.

Encouraging Diplomatic Relations and Regional Peace

Trump’s stance on Africa during his first term was unpredictable, but analysts believe his second term could take a more engaged approach. A stronger focus on Africa as a trade and industry partner could directly benefit Zambia, aligning with President Hichilema’s vision of economic resilience and growth through international cooperation. In fact, a revitalized partnership with the U.S. could enhance Zambia’s global standing, creating new avenues for diplomatic support.

The possibility of Trump extending his diplomatic reach to address conflicts in regions like Sudan also resonates positively with Zambia, as regional stability is essential for economic growth and cross-border trade. Additionally, his ability to foster cooperation with China could open up new trade avenues, benefitting African economies as well as fostering balanced, multipolar partnerships across the continent.

Zambia’s Domestic Growth Agenda

President Hichilema has been focused on Zambia’s economic recovery, emphasizing anti-corruption efforts, unity, and sustainable growth. His administration has made strides in promoting economic resilience, and a supportive U.S. policy could provide crucial leverage for these goals. During recent speeches, Hichilema reiterated the importance of unity and resilience, aiming to create a stable environment for development. Stronger U.S.-Zambia relations could bolster Hichilema’s agenda, from economic reforms to trade relations.

Trump’s emphasis on trade and investment could bring a wave of optimism for Zambia, encouraging development initiatives that align with Hichilema’s vision for the nation. As Zambia navigates its domestic goals, Trump’s win may offer an opportunity for economic uplift and international support that could ease Zambia’s path toward prosperity.

In summary, Zambia sees Trump’s second term as a chance for growth, with positive expectations for economic cooperation, reduced fuel costs, and potential peace dividends on the global stage. As President Hichilema positions Zambia to strengthen its economy, Trump’s return to the U.S. presidency could be a key factor in turning Zambia’s challenges into opportunities.