Bailout

Zambia’s Constitutional Court ruled on Friday that President Edgar Lungu can stand for re-election in August, throwing out a second opposition challenge to his eligibility on the basis of the constitutional two-term limit. The ruling comes as Zambia faces a multipronged economic crisis, after overleveraging its debt right before the brutal global COVID-19 shutdown. The crisis has triggered Africa’s first pandemic-era sovereign default and driven the southern African country to seek emergency IMF help. Lungu’s first term in office lasted a year and six months, when he took over after the death of the previous elected president, Michael Sata. He then won an election in a disputed vote in August 2016. Since this is technically his second term, the opposition had argued that he is no longer el...