"King Cobra" Sata wins Zambia presidential race

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LUSAKA (Reuters) – Zambian opposition leader Michael Sata was declared the winner of Zambia’s presidential election on Friday, ousting incumbent Rupiah Banda as the leader of Africa’s biggest copper producer in polls marred by public violence. Sata, 74 and nicknamed “King Cobra” because of his venomous tongue, toned down his rhetoric against foreign mining firms, especially from China, in the closing stages of the six-week campaign but his victory could still cloud the investment outlook. Chief Justice Ernest Sakala declared Sata the winner after he received 1,150,045 votes compared to Banda’s 961,796 with 95.3 percent of constituencies counted. Sata received 43 percent of the vote. Rupiah…

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