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Zimbabwe to fund part of compensation to white farmers with mine revenue Finance minister says the government is also considering selling real estate and raising debt to meet the compensation bill 08 January 2021 - 17:27 Godfrey Marawanyika The Zimbabwe flag. Picture. 1233RF/NATANAEL ALFREDO NEMANITA GINTING
Zimbabwe plans to use profits from a mining venture to help settle a $3.5bn compensation claim from white farmers and settle a two-decade dispute that’s soured the country’s relations with Western nations and global lenders.
Kuvimba Mining House, of which the government owns 65%, intends to raise $1bn for acquisitions and capital expenditure. It will invest a “significant amount” of the cash raised on the Darwendale platinum project, which belongs to Kuvimba’s Great Dyke Investments unit, according to COO David Brown.
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