Story by Stanley James, Business Editor
ZIMBABWE has started fulfilling its commitment to compensate Former Farm Owners (FFO), with treasury disbursing over US$3 million to the first batch of more than 300 processed farms.
A statement released by the Treasury this Wednesday reveals that over 700 farms have been approved for compensation by the Land Compensation Committee.
The treasury reveals that more than three million United States Dollars has therefore been disbursed for the first batch of over 300 farms.
Last week, the government also issued Treasury Bonds to raise more funds for compensation.
The Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube also reaffirmed the commitment by the government to resolving the debt burden.
“The payments will continue because we are very serious about this, by settling our arrears, we can tap into the long-term capital, which is essential for infrastructure developments and other huge investments, this is very crucial for the government, taking into account the fact that it will open opportunities for the private sector to access funds or foreign capital to Finance productive units,” Professor Mthuli Ncube said.
The compensation of Former Farm Owners marks a huge milestone in Zimbabwe’s Arrears Clearance and Debt Resolution Process.
In February 2025, the government concluded the disbursement of US$20 million towards compensation of Bilateral Investment Promotion and Protection Agreement (BIPPA) investors whose farms were affected by the Land Reform Programme.
