$2,5bn allocation for ex-farmers

$2,5bn allocation for ex-farmers   The Herald 26/11/2021 Martin Kadzere-Business Reporter Zimbabwe remains firmly committed to implementing the Global Compensation Agreement (GPA) with white former commercial farmers after allocating $2,5 billion to pay those in distress, Finance and Economic Development Minister Professor Mthuli Ncube revealed yesterday. Last year, the country agreed to pay US$3,5 billion …

Business sector proposes land compensation tax

Business sector proposes land compensation tax – The Zimbabwe Independent By The Zimbabwe Independent 12/11/2021 BY KUDZAI KUWAZA THE Zimbabwe National Chamber of Commerce (ZNCC) has proposed that the government introduces a land tax to raise the US$3,5 billion required to compensate former white commercial farmers whose land was compulsorily acquired at the turn of …

Time Bank offers to finance former farmers’ compensation

Time Bank offers to finance former farmers’ compensation   The Herald 14/10/2021 Business Reporter  Time Bank Zimbabwe Limited that is set to re-open its doors to the public on December 01 this year, has excited the market after unveiling four types of loan facilities among them a scheme for payment of compensation to white former …

Zimbabwe may borrow from private creditors to pay evicted white farmers

Zimbabwe may borrow from private creditors to pay evicted white farmers Felix Njini and Antony Sguazzin 16/8/2021 A tobacco farm in Zimbabwe. iStock Zimbabwe is considering borrowing money directly from private investors to fund the first half of a $3.5 billion (R52 billion) compensation agreement with white farmers whose land was seized two decades ago, …

Mr President, those who benefited should compensate

Mr President, those who benefited should compensate ByNewsday 28/7/2021 DEAR Mr President, Your Excellency, I would like to applaud you and the government of Zimbabwe for walking the talk in as far as compensating former commercial farmers displaced during the violent land redistribution of the early 2000s. The compensation is enshrined in the country’s governance …

Can Zimbabwe regain trust through compensation for white farmers?

Can Zimbabwe regain trust through compensation for white farmers? – Zimbabwe Situation 25/7/2021 Source: Can Zimbabwe regain trust through compensation for white farmers? | The Standard BY KENNETH MUFUKA It is not always true that I write what I like. Sometimes I am told to direct my attention to certain issues which, until then, I thought …

US$3,5bn compensation deal financial advisors appointed

US$3,5bn compensation deal financial advisors appointed  Herald 21/7/2021   Prof Mthuli Ncube Oliver Kazunga, Senior Business Reporter GOVERNMENT has started mobilising resources under the US$3,5 billion Global Compensation Agreement (GCA) between the State and former white commercial farmers with the recent appointment of financial advisors expected to catalyse the process. Treasury has noted the delays …

Government secures US$1m for former farmers

Government secures US$1m for former farmers  0  July 20, 2021 6:40 PM Source: Government secures US$1m for former farmers | The Herald Minister Professor Ncube Farirai Machivenyika Senior Reporter Government has secured US$1 million that will go towards the payment of compensation to white former farm owners as agreed in the Global Compensation Deed signed last year.   …

Zimbabwe Has Deferred Compensation For Farmers

Zimbabwe Has Deferred Compensation For Farmers  0  July 20, 2021 8:40 PM Source: Zimbabwe Has Deferred Compensation For Farmers ⋆ Pindula News White former commercial farmers Zimbabwe has deferred paying the first instalment of compensation for white farmers who lost land during the fast-track land reform programme which the Robert Mugabe regime embarked on at the turn of the millennium. The government …