News

Zimbabwe agree pay R500 billion to white farmers for land expropriation 

Zimbabwe has agreed to pay R500 billion to white farmers in compensation for the land expropriated by the government under the reign of Robert Mugabe.

Zimbabwe has introduced that it has agreed to pay R500 billion in compensation to white farmers

 

– The intention of this transfer is to resolve division after the land was expropriated with out compensation to resettle black households

– Nevertheless, the embattled nation says that it does not have the funding and can as an alternative look to different technique of financing this transfer

Zimbabwe has agreed to pay R500 billion to white farmers in compensation for the land expropriated by the federal government underneath the reign of Robert Mugabe.

In the identical breath, the nation is not financially able to forking over the steep sum and will probably be issuing long run bonds and approaching donors with farms to lift capital.

Over 20 years in the past, the federal government had overseen the controversial evictions of 4 500 white farmers, handing the land over to round 300 000 black households in an try and rectify colonial injustice.

The settlement was signed at President Emmerson Mnangagwa’s workplace in capital Harare, agreeing that the farmers could be compensated for infrastructure on the land and never the land itself.

At this stage in time, the small print of the sums allotted to every farmer stay unclear, however the authorities has dedicated to aiding the aged first.

 

Zimbabwe agree pay R500 billion to white farmers

Zimbabwe will pay R500 billion to white farmers for land expropriation 
Zimbabwe can pay R500 billion to white farmers for land expropriation

Mnangagwa mentioned the transfer would go a great distance in direction of making amends. Picture: Zimbabwe Authorities
Supply: UGC

President Mnangagwa admitted that whereas land reform could not be undone, compensation was important in a bid to make amends.

 

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button