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Government To Pay US$20 Million To Farmers Affected By Land Seizures

6 months agoSat, 05 Oct 2024 09:18:34 GMT
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Government To Pay US$20 Million To Farmers Affected By Land Seizures

The Zimbabwean government will pay an initial US$20 million this month to foreign white and local Black farmers who lost land due to farm invasions under former leader Robert Mugabe, Finance Minister Mthuli Ncube said on Friday, reported Reuters.

This payment is part of the 2024 budget and aims to restore the country’s agricultural sector and support economic revival.

The collapse of agriculture began when Mugabe initiated the seizure of productive farms in 2000, impacting many white commercial farmers and some Black Zimbabweans.

Most of the farms were owned by Zimbabwean white commercial farmers after colonialists forcibly took them from Blacks early in the 20th century.

The compensation will include foreign farmers from Belgium, Germany, and other countries, as well as 400 Black Zimbabweans.

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A separate much larger $3.5 billion compensation scheme for 4,000 white Zimbabwean farmers was announced in 2020, but funds have not been released due to Zimbabwe’s financial struggles.

President Emmerson Mnangagwa is working to engage Western governments to restore relations, resolve foreign debt, and revive the economy, though last year’s elections raised concerns about donor confidence.

Finance Minister Mthuli Ncube indicated that the dialogue process is ongoing and essential for clearing Zimbabwe’s debt arrears. He said:

The dialogue process is working and will help us in clearing our arrears eventually.

Zimbabwe is seeking an International Monetary Fund (IMF) staff-monitored program as a first step towards debt relief, with an IMF team scheduled to visit Harare in the next two weeks.

Zimbabwe’s total foreign debt stands at $12 billion, owed to various international financial institutions and private funders.

More: Pindula News

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15 Comments

Mj · 5 months ago
We are creating tge same situation with chinese by giving them mines and mining rights, the next time we will realize Chinese are exploiting us, they will claim the mines are theirs and seak compensation, No value addition is coming from Chinese, no local investment like building schools, hospitals, roads or community developments where they are mining. We fix one problem with the right hand, while the left hand is creating a similar problem.
Ediots · 5 months ago
Zanu will never levy itself. Any idea that seeks to impose penalties on land reform beneficiaries inorder to compensate white farmers will mean zanu pf has hit rock bottom. Not even the opposition will come up with such a nonsensical idea.
jivaschihwehwete@gmail.com · 5 months ago
Levy the beneficials of land invasions to raise the funds.
hoy · 5 months ago
saka ta legaliser mbanje!!!!!!!!!!!!!!!!!!
Gtez · 6 months ago
It's pointless to say mugabe yet he is soil already mtulincube you were there and never heard complaining, now you want to look clean yet you hide your own criminal records. If you say you were there enjoying that time you won't be arrested, you can be arrested for the zig and funds you took for your flights. You lied a lot to the nation the minister to takeover your post in future will blame you for poor administration abuse of office. If you die worse can be said similarly to what you do mugabe. So stop these statements of yours Be a man to stand upright and behave like a father. **************************************************************************************************Now you have money for compansation to farmers what of the Civil servants? Farmers have been affected longback they have been waiting, don't you think it's advisable to clear off the current workers now? Since you harmed farmers already pay the civil first to honour your duty and mouth. Because for civil it's not huge as you pronounced yesterday. And for the farmers start with the black farmers US first the 400 Please don't fool us Don't cheat us by changing words overnight. This could be counted as new beginning since you forced yourself to be financial minister
Fraudulent sp · 6 months ago
Land seized from white commercial farmers during minster mtulincube and mugabe, when they were inpower
Fraudulent speech · 6 months ago
Land seized from white commercial farmers during minster MTHULIN
tavez.com · 6 months ago
hoo
Msoro · 6 months ago
Now the blame shifts on Mugabe alone
Corruptmore Looto · 6 months ago
Haa iyo ye$3.5billion pane nyaya hombe ipapo, vanorigona hr bill iro maClowns eGovernment
Als · 6 months ago
Government to payback the 4million safeguard deal 🤝
CHINHEMETEME · 6 months ago
President Emmerson Mnangagwa is working to engage Western governments to restore relations, resolve foreign debt, and revive the economy,West inorema chero mukada kuita semusina basa nayo munozongo reurura chete
goughy · 6 months ago
but 15 billion yengoda yaipedza nhamo dzese idzi,now yaakudyiwa naanachivhairiyo and the like
harvey · 6 months ago
takazvinzwawo pabbc zuro around 1400 hours,true

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