Africa
ZIMBABWE HAS HANDED FORMER WHITE FARMERS $508 MILLION IN BONDS AND STILL OWES MOST OF THE $3.5 BILLION
Zimbabwe says compensation for farms seized from 2000 has reached about $508 million in US dollar Treasury bonds, with $12.6 million paid in cash, after farmers accepted the notes. The 2020 deed committed $3.5 billion for improvements on about 3,500 farms, not for the land. Herald figures list 623 claimants paid cash in two batches and 258 more waiting for bonds. The IMF has tied land tenure and compensation to any clearing of arrears.
BigV•2h ago•1 min read