Zimbabwe signs $3.5 billion deal with white farmers

HARARE, Zimbabwe

The Zimbabwean government on Wednesday signed a $3.5 billion compensation agreement with the country’s dispossessed commercial white farmers.

Zimbabwe embarked on a chaotic land reform program that saw more than 4,000 white commercial farmers being dispossessed of their land.

The country’s land question has gone on for decades with no solution in sight.

Zimbabwe’s Minister of Finance and Economic Development Mthuli Ncube officially signed the compensation agreement with former commercial farmers.

The agreement comes at a time 7.7 million Zimbabweans are food-insecure, according to the World Food Programme (WFP).

Dubbed the Global Compensation Deed, the agreement will facilitate the payment of compensation to former white farmers for improvements on farms they used to own.