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.
Hadley Gildon | Updated: 26-04-2021 10:06 IST | Created: 26-04-2021 10:06 IST
Representative image. Image Credit: ANI
That corruption is entrenched in Iraq should come as a surprise to no one, so Prime Minister Mustafa al-Kadhimi s issuance of arrest warrants against a group of 58 officials for corruption comes at an important time. Corruption from the highest to the local political level is one of the chief factors preventing Iraq from attaining peace, order, and economic progress, and the fact that the PM s warrants concern a sitting and former member of parliament, a former minister, and a host of other functionaries at various levels, is a poignant testament to how deep the rot truly extends.