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Zimbabwe Set To Begin US$331 Million Payment To White Former Farmers

4 months agoMon, 25 Nov 2024 11:51:52 GMT
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Zimbabwe Set To Begin US$331 Million Payment To White Former Farmers

Zimbabwe plans to pay $331 million to White former farmers whose land was seized in 2000 as part of efforts to restructure its $21 billion debt, reported Bloomberg.

Speaking at a debt conference with the nation’s creditors in the capital, Harare, African Development Bank President Akinwumi Adesina said that Zimbabwe has identified at least 439 former landowners as beneficiaries for the financial settlement, with $35 million allocated in this year’s budget to begin payments.

He said the debt will be settled through bonds, with the first step of payments set to begin soon.

In 2022, President Emmerson Mnangagwa enlisted the help of Adesina and former Mozambican President Joaquim Chissano to lead talks with creditors, including the World Bank and the Paris Club.

Zimbabwe has struggled with a $21 billion debt, much of which is in arrears, preventing the country from accessing financing from international lenders like the IMF. Said Adesina:

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We can all agree that we must play our part to correct this anomaly by giving a new lease of life to this nation and its people. Zimbabwe is too critical for the world to ignore.

More: Pindula News

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29 Comments

Anonymous · 4 months ago
The Trust is gone. Any white person farming here takes a big chance, no sooner is the farm up and running and successful, it will be taken away again. The bread basket of Africa is now a past dream. Cry my beloved Zimbabwe
Anonymous · 4 months ago
They seized the land of rich whites who were heavily funding the once powerful MDC in order to weaken the party by cutting off aid .They achieved their political objective .Now they talk of monetary compensation. FOOD FOR THOuGHT.
Anonymous · 4 months ago
They seized the land of rich whites who were heavily funding the once powerful MDC .They achieved their political objective of weakening the opposition by cutting off aid ,now they talk of financial compensation. FOOD FOR THOUGHT.
Hwesa · 4 months ago
Better to give back the real owners varime Mari iyoyi yoenda zvayo kosimudzira zvipatara
Jah🇿🇼Tsvarie-07 · 4 months ago
Its better to give them back the land since some of those who took it are failing to produce enough for the country. Zimbabwe is what it is now because the whites want their land...
🦍 · 4 months ago
its unfortunate that their farms that used to be ever green are now at the wrong hands the farms are not in good use, the majority so called farmers who are occupying the land are failing to even fence the farms or service the farm shelters. Only greediness will make the land that was once bread basket of africa,to become a basket of begging. Some farms are laying desolate while they are claim they have farmers, a once full scale farming land of hectares and hectares of production has been reduced to a half a hectare under production farm. A farm that once supplied the nation, can't even supply the workers 𝐑𝐮𝐬𝐡 𝐭𝐨 𝐜𝐥𝐚𝐢𝐦 𝐛𝐮𝐭 𝐟𝐚𝐢𝐥 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧
2
Ngwere · 4 months ago
ndakazvitaura kuti pasina murungu hapana kwatinosvika hezvo vakudzosera mari ku West asi vaimboti pasi nevachena.
cde · 4 months ago
zvivarungu zvinotambura izvo Havasu ivo vakatorerwa minda zvakangonungwa zvikapiwa mat shirts nemacap
Buwada Buwada · 4 months ago
they look, quite justifiably, very uncomfortable in those hideous caps 😂😂
pedege · 4 months ago
haaaaa mabharanzi aya soo kaaa ko kan akukundika ngaabve kàa zvawo pachigaro ndipindurewo zvank ini
Nzombe · 4 months ago
Momboti heee Look East Policy.Izvozvi makutarisazve arungu amunoti hadzi kunaka ba.Arume kufa kwehama zhinji mumasango echisunungura nyika hazvimurwadzi ngei! Utsinye hwainge nemangezi ,arume!!! Kwakutobhadhara anhu akatitorera nhaka yedu.Saka vanhu vatema hatina basa ka isu and kutorerwa minda kwetakaitwa hazvina basa.Ropa rakadeuka muhondo rainge rehuku harina basa.Izvezvi tigere mumakwenga bcoz of murungu.Amunotinyepera kuti maSanctions imi vakafunda,ndiwo zve varungu.Akomana zvakaitika paNyadzonya ,Chimoio neTembwe hazvimurwadziba.Our minerals vakaita zvekututa.Munotirwadzisa moyo yedu.Itai henyu handiti hamuna wamoteerera here,ndimi akuru.Dai maipe vanhu venyu mari yose iyoyo,vaisaitawo zviri nani.Takarasima nemwana waMisisi.Mhondi dzakapedza kuuraya vanhu vedu ,ndidzo munopembedza.Varungu vose ngavaende kunyika kwavo kana zvakadaro.
Corruptmore Looto · 4 months ago
Shameful, you should be blaming Zanu PF for our current troubles, if it wasn't for the whites I doubt there would even be a single city in Zimbabwe. Do you really think Zanu PF would have built anything, those minerals are being looted by Zanu PF and their Chinese buddies, busy blaming white folks won't get us anywhere buddy. Call a spade a spade
citizen · 4 months ago
Vanopiwa mari yei? Chii chavakabva nacho Biritania? Varungu veDebeers vakatora maMinerals edu hobho hobho.MaGeriman akakuva goridhe zvekurevesa.Varume musarasha mari.Ichokwadi kuti mari iyoyi iri kuenda kuvana vaMissis.Imboitai handiti ndimi vakuru.Rangarirai kuti ruzhinji rwevanhu haruna mbeu nemaFertilizer kuti kurimika kuite.Togodini kovo isu vana musvuuganda,nyaa kuwawata paPindula chiii chatinochinja.Takawanawo pekupedzera shungu.Togovarairwa neikovo hedu.
Corruptmore Looto · 4 months ago
Buddy, that **** has to be repaid whether you like it or not, we can't afford to pišš off the West and expect development at the same time. Your ability to write is because of those White people who you are claiming brought nothing, they might not have come with a lot of stuff but they left you so much, hospitals, roads, a strong economy, strong currency, good industry, it's not their fault that Zanu PF failed to improve on it or even maintain the stuff. We really need to self introspect ourselves instead of constantly blaming others for our problems.
1
Corruptmore Looto · 4 months ago
Łōåň
Mp · 4 months ago
Why not pay Gukurahundi victims or fix hospitals apa just zanupf stealing money
𝙎𝙞𝙮𝙤𝙮𝙤 · 4 months ago
is it Zimbabwe planning that or is ZANU PF? panoda kutaurwa chokwadi apa
Duma Boko · 4 months ago
zvinondishamisa kuti why vachinyengerera varungu ivo vachitiudza kuti hatina basa navo saka ma puppets ndivanani?
Anonymous · 4 months ago
MEANWHILE, NO GUKURAHUNDI REPARATIONS, NO SLAVERY REPARATIONS!
chipoko · 4 months ago
Tukepesi
123 · 4 months ago
Try and recover that $ 15billion from Chiyadzwa diamonds, we can halfen the credit.....
...,. · 4 months ago
it looks like there is no desire to pay the whites as the issue about them being about to start being given what they deserve always keeps recurring, for some reason, and the world is aware. if we do not want to pay them the world is willing to pay them when presented with the whole story. I do not see the world not being able to pay them that very small amount compared to what the world gives to other countries as food aid and humanitarian assistance.
🌄🧱🍓🎊💞🍒🏆🍑🌽🍕👙 · 4 months ago
for the sake of their relationship with the Europeans is a good idea because of farms they take them as criminals.
Fanta · 4 months ago
Apana chakanaka apa vakabvutireyi ma farm avo nechisimba now economy yenyika yaparara
qwerty · 4 months ago
hameno kuti zvakanaka here kana kuti zvakaipa. chikwereri i21bn, sei vada kutanga nema-farmers?
Ininj · 4 months ago
The chaotic land Invasion was the major sabotage of our economy.
banda · 4 months ago
eeeeish

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