About 1,300 White Zimbabwean commercial farmers, whose land was seized in the early 2000s, have signed up to receive compensation and those who qualify will be paid in 10-year treasury bills, a government official said.
"We now have to go through the process of vetting them
and confirming the amounts that they are owed," Andrew Bvumbe, head of
debt management in the Ministry of Finance, said in an interview on Friday.
"With these 1,300, we want to move as quickly as
possible. Maybe by the end of the third quarter of this year we want to get
this out of the way."
Under an accord signed in 2020, the government agreed to
compensate 4,000 White farmers whose land was seized by state-backed militants,
but it has repeatedly missed payment deadlines. It expects the compensation
deal will cost it $3.5 billion over 10 years.
Payouts will be made for improvements that were made to
farms, rather than the land itself, Bvumbe said.
"If others start seeing that we are acting, maybe the
others will start coming in and they all be part of the whole process," he
said. Bloomberg
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