Zimbabwe to compensate white farmers by September

Source: Zimbabwe to compensate white farmers by September | The Financial Gazette May 3, 2018

By John Kachembere, Markets Editor

PRESIDENT Emmerson Mnangagwa’s government has promised to compensate displaced white commercial farmers by September this year.

The move, which is aimed at facilitating the country’s international re-engagement efforts and boost investor confidence, will see the new administration coughing up close to $9 billion for the misdeeds of former president Robert Mugabe’s regime.

Mugabe’s government dispossessed at least 4 000 white farmers under his controversial land reforms programme that was aimed at distributing farms to “landless blacks”, but  led to a massive slump in agricultural production.

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