- Bob Suddenly Promises to Refund White Farmers.
- IMF ‘Imposes’ No-Nonsense Policy.
- Land Reform New Twist.
White Farmers who lost their property when the government forcibly grabbed the farms during the land reform programme are going to receive compensation from the government as the country seeks to restore confidence in the property sector and normalise ties with the international community, the finance minister Patrick Chinamasa has said.
At the turn of the century, President Robert Mugabe’s government seized land from about 4,000 white farmers without compensation and gave it to thousands of blacks under a redistribution programme, which the veteran ruler says was meant to address colonial imbalances. Mugabe has insisted his government will only pay compensation for improvements on the farms and not the land itself.
But on Monday Chinamasa told an IMF mission visiting the country to review progress on the Staff Monitored Program (SMP) that although government did not have the money to reimburse the farmers, acknowledging the debt would restore confidence in the country. Compensation is estimated to run into billions of dollars, which the cash-strapped government doesn’t have.
“We have to confront our problems it is an imperative to build confidence, not just with the international community but among ourselves,” he said.
“I don’t have the money to meet that compensation but what I want to see happen is that there should be a determination of what we owe in terms of compensation and then a commitment from government.”
The oft-violent seizures of white-owned land as well as accusations of poll fraud and human rights abuses saw Mugabe falling out with the West, resulting in sanctions being slapped on his administration.
Relations with some western countries, particularly the European Union have thawed in recent times and the EU last November resumed direct aid to Harare after lifting restrictions.
In 2013, Zimbabwe also undertook to go through the IMF’s SMP to restore relations with multilateral financial institutions.
Under the current SMP, the policy reform agenda focuses on balancing the primary fiscal accounts, improving the investment climate, restoring confidence in Zimbabwe’s financial sector and garnering support for a strategy to clear arrears with multilateral institutions.-The Source
14 Replies to “Mugabe Gives Up”
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I hope they know they know this will not make up relationship any better wit the EU it’s about the system get rid of it and w start to move in the right direction
I hope they know they know this will not make up relationship any better wit the EU it’s about the system get rid of it and w start to move in the right direction
We were always told by white farmers that much of what they had was borrowed….that farming was a business and they didn’t have a lot of money but borrowed from banks but now if there is to be repayment suddenly there truth will come out……For the records sake it is ONLY for property&imporovement that white farmers will be compensated……Zve livestock and crops and land value kutamba uko
We were always told by white farmers that much of what they had was borrowed….that farming was a business and they didn’t have a lot of money but borrowed from banks but now if there is to be repayment suddenly there truth will come out……For the records sake it is ONLY for property&imporovement that white farmers will be compensated……Zve livestock and crops and land value kutamba uko
That’s going to be interesting. the land invaders stole billions worth of crops, livestock, buildings, infrastructure, irrigation equipment, tractors etc that did not belong to them In God’s eyes that at THEFT and theft brings a curse on the house of the thief: For a so called Christian nation we do not even recognise the word sin. read Micah Ch 3
That’s going to be interesting. the land invaders stole billions worth of crops, livestock, buildings, infrastructure, irrigation equipment, tractors etc that did not belong to them In God’s eyes that at THEFT and theft brings a curse on the house of the thief: For a so called Christian nation we do not even recognise the word sin. read Micah Ch 3
There is no changed government position. Compensation will be on improvements only, not on land . Period!
There is no changed government position. Compensation will be on improvements only, not on land . Period!
Zvinoita vana Mahofa-diot ava akomana! Did you not read up there zvanyorwa kuti ….”Mugabe has insisted his government will only pay compensation for improvements on the farms and not the land itself.” Wakafonyoka brain iwe kuzara ne fodya mutsinga umo. Come and join Save today iwe!!!!!!!!
Zvinoita vana Mahofa-diot ava akomana! Did you not read up there zvanyorwa kuti ….”Mugabe has insisted his government will only pay compensation for improvements on the farms and not the land itself.” Wakafonyoka brain iwe kuzara ne fodya mutsinga umo. Come and join Save today iwe!!!!!!!!
Zvinoita vana Mahofa-diot ava akomana! Did you not read up there zvanyorwa kuti ….”Mugabe has insisted his government will only pay compensation for improvements on the farms and not the land itself.” Wakafonyoka brain iwe kuzara ne fodya mutsinga umo. Come and join Save today iwe!!!!
Zvinoita vana Mahofa-diot ava akomana! Did you not read up there zvanyorwa kuti ….”Mugabe has insisted his government will only pay compensation for improvements on the farms and not the land itself.” Wakafonyoka brain iwe kuzara ne fodya mutsinga umo. Come and join Save today iwe!!!!
The Editor of this news site must be a kid without appreciation of Politics or without knowledge of History. The headline is misleading. This kind of compensation has always been promised from the beginning of land reform. It is compensation for the improvement of land like dams, roads,buildings etc, not purchase of the land itself.
The Editor of this news site must be a kid without appreciation of Politics or without knowledge of History. The headline is misleading. This kind of compensation has always been promised from the beginning of land reform. It is compensation for the improvement of land like dams, roads,buildings etc, not purchase of the land itself.