HomeBusiness

We Have Paid White Farmers US$200 Million For Land Seized Despite Being Protected By Bilateral Agreements - Mangudya

5 years agoThu, 16 Aug 2018 11:33:53 GMT
Share on FacebookShare on TwitterShare on LinkedIn
We Have Paid White Farmers US$200  Million For Land Seized Despite Being Protected By Bilateral Agreements - Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has said that the government has paid out US$200 million compensation to white farmers who lost their land under the land reform program. The money is for farmers who lost land which was supposed to be protected by Bilateral Investment Promotion and Protection Agreements (Bippas). Speaking to Business Times, Mangudya said

Though there are some processes like evaluations and negotiations taking place between the government and the ex-commercial white farmers, the compensation process is going on as scheduled.

To date around $200 million has been paid to ex-white commercial farmers as the country steps up the reengagement processes with the Western powers and more payments will be made once the agreements are made. There’s need to bring finality to the land reform programme and focus more on production on the farms to grow more exports for the country.

More: Business Times

Latest Tecno Pop 8 - now available in Pindula.

$94, Cash on Delivery in Harare & Bulawayo.

WhatsApp: 0783 450 793

Tags

0 Comments

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback