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Zim Issues Dollar Bonds to Pay for Land Grabs
The Citizen
|April 11, 2025
Zimbabwe issued treasury bonds worth $308 million (about R60 billion) and made small cash payments to White farmers who were dispossessed of their property 25 years ago under a state-backed land reform program.
The payments are the first under a so-called "Global Compensation Deed" signed in 2020 between the state and the former farm owners in which Zimbabwe committed to paying $3.5 billion for improvements done on the farmland.
A land compensation committee has approved compensation for 740 former farm owners, with the first 378 farmers paid 1% of the total compensation value of $311 million in late March as well as receiving Treasury bonds, Finance Minister Mthuli Ncube said.
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