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Lungu Zambia's President to cut spending, boost economic growth

"I have five years now which is sufficient time to take more decisive action. I will take measures to grow the economy and control expenditure," Lungu said in a statement after a meeting with business leaders.

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Zambia's President Edgar Lungu attends a signing ceremony at the Elysee Palace in Paris play Zambia's President Edgar Lungu attends a signing ceremony at the Elysee Palace in Paris, France, February 8, 2016. (REUTERS/Philippe Wojazer/File Photo)

Zambia will control expenditure and take measures to boost economic growth, President Edgar Lungu who was re-elected to the helm of Africa's second-largest copper producer at a vote on Aug. 11, said on Thursday.

"I have five years now which is sufficient time to take more decisive action. I will take measures to grow the economy and control expenditure," Lungu said in a statement after a meeting with business leaders.

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