BY BERNADETTE DEKA-ZULU (PhD Researcher-Public Enterprises)A. Overview of Kenneth David Kaunda’s Legacy in ZambiaKenneth David Kaunda, also known as KK, was the first President of Zambia, having held office from 1962 until 1991. He led the country to independence from the United Kingdom in 1964. During his time in office, he nationalized the country’s industries and businesses, making them state-owned and managed. His legacy is credited with modernizing and developing the country, although his policies have also been criticized for abolishing multi-partism and introducing a one party state and allowing corruption and cronyism also causing severe economic difficulties along the way.Kenneth Kaunda’s decision to nationalize state institutions was successful in providing profits to the country in the short term, allowing the government to fund public services. However, the long-term effects of this policy were less positive. The Zambian economy was heavily reliant on copper exports, and when these exports declined due to world recessions and […]
Exploring Kenneth David Kaunda’s Legacy in Zambia: The Economic Benefits and Losses of Nationalization
