Zimbabwe has started paying compensation to foreign investors whose farms were affected by the 2000 Land Reform Programme, marking a significant step in the nation's debt resolution efforts. The government released US$20 million from its 2024 National Budget to begin settling claims protected under Bilateral Investment Protection and Promotion Agreements.
Finance Minister Mthuli Ncube announced the payments started flowing into claimants' accounts by mid-January 2025. The initiative targets 94 approved farms owned by investors from Denmark, Germany, the Netherlands, Switzerland, and former Yugoslavia, with total compensation valued at US$145.9 million.
European ambassadors based in Harare praised the development as historic. They...