Zimbabwe Returning 67 European-Owned Farms Covered by Investment Treaties
Authorities will let more than 400 white farmers buy back land and pay $146 million in compensation as Zimbabwe seeks debt relief and closer Western ties.
- On Wednesday, Agriculture Minister Anxious Masuka announced Zimbabwe will return 67 farms seized during the country's land reform program to nationals from Denmark, Switzerland, Germany, and the Netherlands under bilateral investment agreements.
- Former President Robert Mugabe initiated the seizures in 2000 to redress colonial-era land imbalances, but his successor President Emmerson Mnangagwa is now reversing the policy to restore ties with Western governments and secure debt relief.
- Masuka confirmed 840 farms belonging to Black Zimbabweans will be restored to their owners, while authorities plan to provide $146 million in compensation to former farm owners, separate from a 2020 $3.5 billion deal affecting 4,000 farmers.
- Seeking to end two decades of financial isolation, Zimbabwe faces $13.6 billion in external debt, including $7.7 billion in arrears, prompting the International Monetary Fund to approve a 10-month staff-monitored program for economic reforms.
- International lenders have demanded the resolution of land-related disputes as a condition for debt relief, viewing the restitution drive as a critical step toward restructuring Zimbabwe's debt and regaining access to global financing.
13 Articles
13 Articles
Zimbabwe to return land Robert Mugabe seized from white farmers
Zimbabwe will return dozens of foreign-owned farms seized more than two decades ago during a land reform drive, but is not reversing the contested policy, the agriculture minister said on Friday. The land grab was launched by longtime ruler Robert Mugabe in 2000, with thousands of white farmers evicted, often violently, and their land redistributed to black Zimbabweans to address colonial-era injustices. Triggered sanctions The policy triggered …
Zimbabwe returning 67 European-owned farms covered by investment treaties
Zimbabwe will return 67 farms seized from foreigners from four European countries covered by bilateral investment pacts, the country's agriculture minister said, as it seeks to mend ties with Western countries while it battles for debt relief.
Zimbabwe to return land former President Robert Mugabe seized from white farmers - Newsy People
Zimbabwe will return dozens of foreign-owned farms seized more than two decades ago during its land reform drive, though officials insist the overall policy is not being reversed.Agriculture Minister Anxious Masuka announced on Friday that the government will restore 67 farms that were protected by bilateral investment pacts “but which remained unoccupied” to investors from Denmark, Germany, the Netherlands, and Switzerland.The original land sei…
Zimbabwe will return 67 farms seized from foreigners from four European countries covered by bilateral investment treaties, Agriculture Minister Anxious Masuka said, in a move aimed at repairing ties with the West while also grappling with a huge debt burden.
ZIMBABWE TO RETURN 67 EUROPEAN-OWNED FARMS AS GOVERNMENT MOVES TO REPAIR WESTERN RELATIONS
ZIMBABWE TO RETURN 67 EUROPEAN-OWNED FARMS AS GOVERNMENT MOVES TO REPAIR WESTERN RELATIONS Zimbabwe has announced plans to return 67 farms that were previously seized from European landowners, in a major policy shift aimed at improving relations with Western countries and unlocking long-awaited debt relief The decision was confirmed by Zimbabwe’s Agriculture Minister, Anxious […] The post ZIMBABWE TO RETURN 67 EUROPEAN-OWNED FARMS AS GOVERNMEN…
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