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    Emmerson Mnangagwa

    Zimbabwe’s president defends land seizures from whites and touches on the idea of superiority

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    Angola: Lobito Corridor Should Become a “True Engine of Economic Transformation,” Says President

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    Negocios de Angola foto

    Nigeria set to take over Africa’s automotive future as Innoson CNG plant nears completion

    dangote

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    Agostinho Kapaia

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Zimbabwe’s Ncube sees progress in R66bn farmer dispute

More than two decades after White farmers had their farms seized in the country.

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12/10/2023
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Zimbabwe’s finance minister said he’s making progress in resolving a more than two-decade impasse with White farmers who had their farms forcibly seized, a development that saw the country incur sanctions hastening an economic collapse.

While the government hasn’t been able to meet a $3.5 billion (R66 billion) settlement it agreed with the about 4 000 farmers three years ago, some have now agreed to be repaid in government Treasury bonds, Mthuli Ncube said in an online briefing on Thursday. He gave no further details.

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Settling the impasse with the farmers is key to the government resolving one of the stumbling blocks to resolving how to deal with the nation’s $18 billion (R340 billion) of external debt.

Source: Bloomberg
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