Zimbabwe Pays First Compensation to Farmers for Land Seizures
Tap title to read story
Zimbabwe has made its first compensation payments to white farmers whose land was seized during the controversial land reform program of the early 2000s. An initial US$3 million has been paid to 378 farmers, representing 1% of the total $311 million allocated for the first phase of compensation. The remainder will be paid via Treasury bonds. This is the first payment under a 2020 agreement committing Zimbabwe to pay $3.5 billion in compensation. The government only compensates for improvements made to the land, not the land itself. This move is seen as a crucial step towards mending relations with Western nations and resolving the country's economic challenges.
Zimbabwe has made its first compensation payments to white farmers whose land was seized during the controversial land reform program of the early 2000s. An initial US$3 million has been paid to 378 farmers, representing 1% of the total $311 million allocated for the first phase of compensation. The remainder will be paid via Treasury bonds. This is the first payment under a 2020 agreement committing Zimbabwe to pay $3.5 billion in compensation. The government only compensates for improvements made to the land, not the land itself. This move is seen as a crucial step towards mending relations with Western nations and resolving the country's economic challenges.
More context
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
