Zimbabwe’s First Payouts to White Farmers Impacted by Land Reforms
The government of Zimbabwe has announced an initial compensation of US$3 million (£2.3 million) for white farmers whose properties were taken under a contentious government initiative over twenty years ago.
This marks the first disbursement under the 2020 compensation agreement established between the government and local white farmers, in which Zimbabwe pledged to pay a total of $3.5 billion (£2.6 billion) for the confiscated farmland. Between 2000 and 2001, thousands of white farmers were forcibly removed from their land, often through violent means.
Out of the 740 farms that have been approved for compensation, the first 378 will receive the payout that was announced on Wednesday. This sum represents one percent of the $311 million allocated for the first round of payments.
Finance Minister Mthuli Ncube states that the remaining money will be distributed through Treasury bonds denominated in US dollars.
He underlined, “Compensating former farm owners who lost their properties during the land reform program is one of our pledges in our attempts to improve the Zimbabwean economy and settle our debts. We have now begun to carry on that commitment.
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