Zim farm­ers to be paid for loss

The Star Early Edition - - BUSINESS NEWS -

WHITE com­mer­cial farm­ers who lost land dur­ing a pro­gramme of vi­o­lent seizures that be­gan in 2000 would be com­pen­sated for im­prove­ments to the prop­er­ties when the coun­try had funds avail­able, Fi­nance Min­is­ter Pa­trick Chi­na­masa said on Fri­day. “Com­pen­sat­ing the farm­ers is cov­ered by our con­sti­tu­tion,” Chi­na­masa said. “We will com­pen­sate them for im­prove­ments they made to the land when we’re able to do so.” The seizures caused ex­ports of crops rang­ing from to­bacco to pa­prika to slump and the coun­try ex­pe­ri­enced sev­eral years of famine. The econ­omy also halved in size be­tween 2000 and 2012, ac­cord­ing to gov­ern­ment es­ti­mates. The US and the EU cited the seizures, vi­o­lence and elec­toral ir­reg­u­lar­i­ties when im­pos­ing sanc­tions on Zim­bab­wean Pres­i­dent Robert Mu­gabe that the gov­ern­ment said had hin­dered an eco­nomic re­vival. – Bloomberg

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