Zimbabwe begins compensating former white farmers and investors for seized land, allocating $20 million this year.

Zimbabwe's government has started compensating former white farmers and foreign investors whose land was seized during the 2000 land reform program. Finance Minister Mthuli Ncube announced a $20 million budget for this year's payouts, part of a total owed of $146 million. The compensation, under Bilateral Investment Protection and Promotion Agreements, involves farmers from several European countries. Diplomats welcomed the move, seen as a step to build trust and restore investor confidence.

2 months ago
12 Articles