More
    HomeBusinessGovt sets aside $380 mln for farmer compensation

    Govt sets aside $380 mln for farmer compensation

    Published on

    spot_img

    Harare (New Ziana) – Government said on Thursday it had set aside an additional $380 million (about US$25 million) to compensate former white commercial farmers whose land was taken by government for resettlement.

    The historic land reform programme saw the Zimbabwean government
    compulsorily acquire vast tracts of prime agricultural land owned by a few white commercial farmers to resettle over 300 000 landless black families.

    The pace setting land reform programme carried out by Harare became a
    very emotive issue, with the West imposing sanctions on Zimbabwe for the bold move, which they feared could be replicated all over Africa.

    Commercial farmers who lost land later demanded that they be compensated but the process has taken long due to resource constraints.

    Government, has in terms of the Constitution, said it will only pay
    for improvements made on the farms and not for the land.

    A scheme for compensation is being worked out in conjunction with the
    Commercial Farmers Union, which represents most of the former white
    farmers.

    Finance and Economic Development Minister, Professor Mthuli Ncube said
    the evaluation exercise, to determine how much government is meant to
    pay, was about to be concluded.

    “To date, approximately 769 former farm owners consented to the interim payment scheme, with over 500 farmers having been paid,” he said while presenting the 2020 National Budget.

    “In 2019, a total of ZWL$68 million was availed towards former farm owners and the 2020 Budget is also setting aside ZWL$380 million for interim land compensation in line with the Constitution and BIPPAs,targeting vulnerable groups and the elderly.”

    Prof Ncube said government was also exploring other sustainable means
    to mobilise the resources for compensation with international financial institutions.
    New Ziana

    Latest articles

    Death toll on roads over festive period decrease – police

    Harare, (New Ziana) – Police have reported a significant decrease in road traffic accidents...

    President Mnangagwa remembers former VP John Nkomo

    Harare, (New Ziana) – Zimbabweans have been beseeched to shun divisive tendencies and help...

    Two suspected robbers face seven robbery counts

    Harare, (New Ziana) - Two suspected robbers have appeared before the Harare magistrates' court...

    Malaria, diarrhoea kill 8 in new year

    Harare, (New Ziana) –At least three minors succumbed to malaria while five died from...

    More like this

    Death toll on roads over festive period decrease – police

    Harare, (New Ziana) – Police have reported a significant decrease in road traffic accidents...

    President Mnangagwa remembers former VP John Nkomo

    Harare, (New Ziana) – Zimbabweans have been beseeched to shun divisive tendencies and help...

    Two suspected robbers face seven robbery counts

    Harare, (New Ziana) - Two suspected robbers have appeared before the Harare magistrates' court...