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Zimbabwe’s land deal off-track Zimbabwe’s land deal off-track
Prof Mthuli Ncube
CASH-STRAPPED Zimbabwe will miss the July deadline to pay US$1.75bn in compensation to dispossessed white commercial farmers amid revelations the administration has failed to get financial support from development partners and international financiers, it emerged this week.
Last year, President Emmerson Mnangagwa’s government tabled a US$3.5bn offer to white former commercial farmers for assets expropriated by the State.
Of that, US$1.75bn was supposed to be paid in July while the balance would be paid in installments of US$437.5m per year for the next four years.