The
territory of Northern Rhodesia was administered by
the south africa Company from 1891 until takeover
by the UK in 1923. During the 1920s and 1930s, advances
in mining spurred development and immigration. The
name was changed to Zambia upon independence in 1964.
In the 1980s and 1990s, declining copper prices and
a prolonged drought hurt the economy. Elections in
1991 brought an end to one-party rule, but the subsequent
vote in 1996 saw blatant harassment of opposition
parties. Most of the country has savanna-type vegetation--grasslands
interspersed with trees. Teak forests are in the
southwest. Animals include elephants, lions, rhinoceroses,
and
several varieties of antelope. of overwhelming importance
are the rich mineral veins of the country's copper
belt. The belt extends down into Zambia from southern
DRC and contains major deposits of copper, cobalt,
and other minerals. Zambia also has substantial hydroelectric
potential. The Kariba Dam on the Zambezi River is
the country's main power source. The Recent privatization
of the huge government-owned Zambia Consolidated
Copper Mines should greatly improve Zambia's prospects
for international debt relief, as the government
will no longer have to cover the mammoth losses generated
by that sector. Inflation and unemployment rates
remain high, however.
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