Zimbabwe has agreed to pay R500 billion to white farmers in compensation for the land expropriated by the government under the reign of former President, Robert Mugabe.
The country awill be issuing long term bonds and approaching donors with farms to raise capital to pay the lump sum.
The government had overseen the controversial evictions of 4 500 white farmers, handing the land over to around 300 000 black families in an attempt to rectify colonial injustice in the last two decades.
The agreement was signed at President Emmerson Mnangagwa’s office in capital Harare.
In the historical context Zimbabwe land reform has nudged a step towards completion. It was incomplete without dealing with this contested legacy. Now either Zanu PF or any future govt has to generate debate on new land tenure policy. One tick off ZIDERA, someone said elsewhere! pic.twitter.com/HMR9l9IZSV
— Bla B (@bmusonza) July 29, 2020
The government agrees that the farmers would be compensated for infrastructure on the land and not the land itself.
The details of the sums allocated to each farmer remain unclear, but the government has committed to assisting the elderly first.
Zimbabweans reacted to the matter differently. Some are happy with the agreement if it will lead to peace and prosperity in their nation that has been demonised with sanctions and poverty for too long.
Others are not sure if the decision was in the interest of the average Zimbabwean, theorising the ‘weak’ President was forced to do the ‘white man’s bidding’. These people believe their country was forced to compensate white farmers as the Western world used sanctions to cripple the nation.