Mnangagwa To Compensates Displaced White Farmers 20 Years Later

Zimbabwe’s government signed a $3.5 billion deal to compensate white commercial farmers who were evicted from their land two decades ago.

The agreement is a turning point in a dispute that tipped the southern African nation’s economy into freefall by slashing food production and export income, and incurred sanctions from the U.S. and European Union.

“Today marks a huge milestone,” Andrew Pascoe, president of the Commercial Farmers Union that represents the white farmers, said Wednesday at a signing ceremony in the capital, Harare. “As Zimbabweans, we have chosen to resolve this long-outstanding issue.”

It’s unclear how the compensation will be funded, at a time when Zimbabwe is in the midst of an economic crisis. The country is battling inflation of more than 700% and dealing with shortages of currency, fuel and food with over 90% of the population out of formal employment.

GLOBAL COMPENSATION DEED
Entered into by and between

The REPUBLIC OF ZIMBABWE Represented by the Minister of Finance and Economic Development and

(1) COMMERCIAL FARMERS UNION OF ZIMBABWE Represent. by Andrew John Pascoe and FARMERS

(2) THE SOUTHERN Represented by Cedric Robert Wilde AFRICAN
and

(3) THE VALUATION CONSORTIUM (PRIVATE) LIMITED Represented by Anthony Meld Purkis

IN RESPECT OF THE COMPENSATION FOR IMPROVEMENTS ON AGRICULTURAL LAND COMPULSORILY ACQUIRED FOR RESETTLEMENT PURPOSES

The issue has been outstanding since two decades ago when the state authorised the violent grabbing of land from then-owners – white farmers.

The land reform programme soiled Zimbabwe’s relations with the Western international community with the United States, the United Kingdom, and the European Union and their allies imposing sanctions on the country’s ruling party, companies and individuals linked to it and senior officials.