The Commercial Farmers Union (CFU) which is comprised of the largest group of white farmers evicted from farms under Zimbabwe’s controversial land-reform programme has welcomed the deal offered by government last week to give them land in lieu of compensation. Zimbabwe made what appeared to be a climbdown from the land reform programme last week after gazetting a law to offer farms, as an alternative to compensation, to selected white farmers. The cash-strapped government does not have adequate funds to pay the farmers for compensation and has resorted to offer land to break the two-decade impasse. In an interview with Business Day, CFU director Ben Giplin said the new law mainly applies to white farmers protected by the bilateral investment promotion and protection agreement (Bippas). “The measure will likely apply to a limited number of about 200 foreign citizens covered by ratified Bippas and possibly several hundred farmers who are classified as indigenous.
SOURCE: BUSINESS DAY LIVE
More Stories
Glencore to Pay the DRC $180m to Settle Corruption Claims
South African Leader to Challenge Decision on How he Handled Theft at His Personal Residence
Ethiopia’s First Ever National Migration Policy Poised to Help Returning Nationals
Overdependence on Foreign Markets is Hurting Ghana
Firm Comes Up with an Effective and Cost-friendly Way to Curb Air Pollution in Kenya
ECOWAS to Form Regional Force against Coups
Leadership Merry-go-round Halted UK’s Energy Project in the Sahara
Pandemic Has Regressed Africa’s Gains in Maternal and Child Health
Nigerians’ Meh Response to New Look Currency
The Atlas Lions Can Count on the Support of an Entire Continent
Abby Ajayi’s ‘Riches’ Packs in the Drama as Well as the Glitz
“Black Panther: Wakanda Forever” Gets Rave Reviews from African Moviegoers