UPDATE 5-Zambia's 'King Cobra' Sata sworn in as president

Lusaka : Zambia | Sep 23, 2011 at 8:00 AM PDT

By eessa2

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Zambian opposition leader Michael Sata, a critic of Chinese investment, was sworn in as president on Friday after an upset poll victory that ushered in a smooth handover of power in Africa's biggest copper producer.

Sata, 74, swept to victory on the back of voters looking for change in a country that has seen its economy grow but who felt the riches from its mines had not made their way to the people or created enough jobs.

He tried to reassure foreign mining firms their investments would be safe but warned they needed to improve conditions for their Zambian workforce.

"Foreign investment is important to Zambia and we will continue to work with foreign investors who are welcome in the country ... but they need to adhere to the labour laws," Sata said after being sworn in following his upset victory over former leader Rupiah Banda.

eessa2 is based in Islamabad, Federal Capital Area, Pakistan, and is a Stringer for Allvoices.

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