July 20, 2021THE Government of Zimbabwe engaged a British financial advisory firm to assist in raising the US$3,5 billion needed to pay former farm owners whose land was compulsorily acquired for resettlement as agreed between the two parties in the Global Compensation Deed signed last year.
July 20, 2021Zimbabwe’s finance minister highlighted the government had deferred by a year payment of the first tranche of compensation to white farmers who lost their land, due to delays in finding a financial advisor and the impact of COVID-19. In 2020, the government agreed to pay half of the $3.5 billion compensation by end of this month and the rest over five years to the farmers whose land was expropriated by the government to resettle black families.
June 24, 2021
Zimbabwe made its first compensation payment as part of an agreement to settle a dispute with White commercial farmers who had their land seized violently two decades ago. The state-linked Kuvimba Mining House Ltd. transfered $1 million to the farmers as the government asked for a delay in paying the full $3.5 billion compensation it had agreed to a year ago.
Nov. 11, 2020
Zimbabwe plans to select a financial adviser by Christmas to help it raise US$3.5 billion to compensate white farmers, Finance and Economic Development Minister Mthuli Ncube says. Seven applications were received after a call was made for an advisory firm and three of those, including local and international companies, have been shortlisted, Ncube said in a virtual interview on Monday. Seven firms apply to advise Zimbabwe on US$3.5 billion farm compensation, winner by year-end
July 29, 2020
Harare (Reuters) - Zimbabwe agreed on Wednesday to pay $3.5 billion in compensation to white farmers whose land was expropriated by the government to resettle black families, moving a step closer to resolving one the most divisive policies of the Robert Mugabe era.
March 8, 2020
Government has paid over $35 million to about 650 white former commercial farmers whose land was repossessed under the Land Reform Programme.
Over 900 white ex-farmers have applied for compensation under the Interim Relief Programme, which was established to facilitate payments, to mostly aged farmers, for developments they had done on the farms.
Nov. 10, 2019
Treasury has released $22 million to 400 white former commercial farmers as part compensation for infrastructure developments on farms compulsorily acquired by Government during the Fast Track Land Reform Programme. The money is part of the $52 million set aside in the 2019 Budget.The Sunday Mail has gathered that nearly half of the 900 farmers who registered for compensation have received $55 000 each under the Interim Relief Payment Scheme being coordinated by Government and the Commercial Farmers’ Union (CFU).
June 21, 2019
The Zimbabwe government began compensating white commercial farmers whose land was expropriated, an agriculture lobby group said. Twenty-eight farmers received payments of RTGS$55,000 ($8,748) each on 21 June 2019, Ben Gilpin, director of the Commercial Farmers Union, said by phone from the capital, Harare. More of them will receive payments, he said.
April 15, 2019
President Mnangagwa said the Zimbabwe government will give priority to elderly white farmers when it starts compensating those who lost their properties during the controversial land reforms. The finance and agriculture ministries last week said they had budgeted RTGS$53 million in payments to white commercial farmers whose properties were seized nearly 20 years ago under Robert Mugabe.