Zim Makes Progress on Farmer Compensation
Written by Staff Reporter on April 9, 2025
The Government of Zimbabwe has announced progress in compensating former farm owners under the Global Compensation Deed (GCD) signed in 2020.
In a recent statement released, the Government revealed that 740 farms have so far been approved for compensation, with US$3.1 million disbursed for the first batch of claims. Former farm owners are set to receive 1% of their claim in cash, while the remainder will be paid through US dollar-denominated Treasury bonds carrying a 2% coupon, with maturities ranging from 2 to 10 years.
An allocation of US$10 million has been set aside in the 2025 National Budget for the compensation process.
The Government also stated that Finance Minister Professor Mthuli Ncube has reaffirmed Zimbabwe’s commitment to economic reforms, arrears clearance, and resolving the national debt burden.
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