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Zimbabwe agrees to pay $3.5 billion compensation to white farmers
reuters ^ | 7/29/2020 | staff

Posted on 07/30/2020 1:58:44 PM PDT by Roman_War_Criminal

HARARE (Reuters) - Zimbabwe agreed on Wednesday to pay $3.5 billion in compensation to white farmers whose land was expropriated by the government to resettle black families, moving a step closer to resolving one the most divisive policies of the Robert Mugabe era.

But the southern African nation does not have the money and will issue long term bonds and jointly approach international donors with the farmers to raise funding, according to the compensation agreement.

Two decades ago Mugabe’s government carried out at times violent evictions of 4,500 white farmers and redistributed the land to around 300,000 Black families, arguing it was redressing colonial land imbalances.

The agreement signed at President Emmerson Mnangagwa’s State House offices in Harare showed white farmers would be compensated for infrastructure on the farms and not the land itself, as per the national constitution.

(Excerpt) Read more at reuters.com ...


TOPICS: Crime/Corruption; Culture/Society; Foreign Affairs; Government
KEYWORDS: africa; bidenvoters; nomoney; racism; reparations; whitefarmers; zimbabwe
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1 posted on 07/30/2020 1:58:44 PM PDT by Roman_War_Criminal
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To: Roman_War_Criminal

Bookmark


2 posted on 07/30/2020 2:00:07 PM PDT by DocRock (And now is the time to fight! Peter Muhlenberg)
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To: Roman_War_Criminal

They need the farmers back or else they starve


3 posted on 07/30/2020 2:01:05 PM PDT by Regulator
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To: Roman_War_Criminal

Reparations to the victims who are still alive. That’s the way you do it.


4 posted on 07/30/2020 2:01:26 PM PDT by Rebelbase
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To: Roman_War_Criminal

“Please white farmers, come back to work the land. Here’s some money to buy it all back...”


5 posted on 07/30/2020 2:02:10 PM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: Roman_War_Criminal

Keep the change.

6 posted on 07/30/2020 2:04:22 PM PDT by Billthedrill
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To: Roman_War_Criminal

“Land reform” that changes your country from being the breadbasket of Africa to a country that cannot even feed its own people. I wonder if this is a “fairness” policy that some would like in the USA.


7 posted on 07/30/2020 2:04:30 PM PDT by Freee-dame
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To: Roman_War_Criminal

The bad news: $3.5 billion Zim dollars will only buy one new wheelbarrow.


8 posted on 07/30/2020 2:04:55 PM PDT by Wilhelm Tell (True or False? This is not a tag line.)
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To: Roman_War_Criminal

Kathy Buckles? Anyone. I think that was the FReeper handle.


9 posted on 07/30/2020 2:05:11 PM PDT by rktman ( #My2ndAmend! ----- Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
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To: Rebelbase
"Reparations to the victims who are still alive. That’s the way you do it."

My thoughts too. It is the ONLY time something like this makes sense.
10 posted on 07/30/2020 2:05:40 PM PDT by left that other site (If you do not stand firm in your faith, you will not stand at all. (Isaiah 7:9))
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To: Roman_War_Criminal

A lot of those farmers were welcomed into Zambia, and were doing quite well, perhaps that explains the change of heart.


11 posted on 07/30/2020 2:06:08 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: Rebelbase

From the article:

“But the southern African nation does not have the money and will issue long term bonds and jointly approach international donors with the farmers to raise funding, ...”

The market value of a long term Zimbabwe bond must be essentially zero.


12 posted on 07/30/2020 2:06:38 PM PDT by riverdawg
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To: Roman_War_Criminal

The check is in the mail.


13 posted on 07/30/2020 2:07:30 PM PDT by Eagles6
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To: Billthedrill

Dr. Evil is impressed.


14 posted on 07/30/2020 2:07:57 PM PDT by HombreSecreto (The life of a repo man is always intense)
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To: Roman_War_Criminal

They must have thought everything magically grew without any work..Boy were the black farmers surprised......Any white farmer would be nuts to go there again....They could turn any time and you end up dead....


15 posted on 07/30/2020 2:08:45 PM PDT by Hambone 1934
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To: Roman_War_Criminal

With what?


16 posted on 07/30/2020 2:09:00 PM PDT by facedown (Armed in the Heartland)
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To: Roman_War_Criminal

$3.5 Billion.

LOL

In what currency, pray tell?


17 posted on 07/30/2020 2:10:06 PM PDT by CharleysPride (Triton 2038!)
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To: riverdawg

“...jointly approach international donors with the farmers to raise funding, ...”

From China, no doubt.


18 posted on 07/30/2020 2:10:07 PM PDT by Kenny500c
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To: rktman

Cathy Buckle..Her last post was july 2014....Nothing since then


19 posted on 07/30/2020 2:11:58 PM PDT by Hambone 1934
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To: Roman_War_Criminal

20 posted on 07/30/2020 2:13:35 PM PDT by hadrian
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