Global Compensation Deed

The Zimbabwean government and former white commercial farmers on Wednesday signed a 3.5 billion United States dollars compensation agreement for the farmers. The money, which will be borrowed by the Zimbabwean government, is meant for improvements made by the white farmers on their farms that were acquired by government under the land reform program. President Emmerson Mnangagwa, speaking at the signing ceremony in Harare, said the agreement was a significant step towards bringing closure to the land reform program. Under the program which started in the early 2000s, government compulsorily acquired excess farm land from white farmers to resettle landless blacks. Government said this was meant to redress colonial land ownership imbalances that were skewed in favor of whites, and also to ec...