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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.
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Zimbabwe comienza a compensar a ex agricultores e inversionistas blancos por tierras confiscadas, asignando 20 millones de dólares este año.