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Whites to get $3.5 billion in reparations!

ZZZZZ

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US dollars, I think. If it's Zimbabwe bucks, it's worth about a cup of coffee. for everybody

Zimbabwe signs billion-dollar deal to repay white farmers
By FARAI MUTSAKAyesterday


HARARE, Zimbabwe (AP) — Zimbabwe’s government on Wednesday signed a deal with former white farmers to pay them billions of dollars in compensation roughly two decades after they lost their land in often violent invasions.

But because the government does not readily have the money, the farmers will be part of a team tasked with raising the cash.

About 4,000 farmers lost large swathes of land when Zimbabwe’s late leader Robert Mugabe launched the often-chaotic land reform program which he said was aimed at addressing colonial-era land inequities. White farmers had owned the majority of prime farmland. Agricultural land now belongs to the government.

According to the agreement, signed at President Emmerson Mnangagwa’s official residence and witnessed by representatives of the former farmers, the $3.5 billion compensation is not for the land but for infrastructure such as wells, irrigation equipment and buildings. The farmers initially wanted over $5 billion.

The full payment is expected to be done within five years. But it is unclear if the former farmers will receive the money given that Zimbabwe is financially troubled and burdened with a huge debt.

The government will borrow on international markets and the farmers will be part of a “joint resource mobilization committee” tasked with raising the money, according to the agreement.

Mnangagwa, who took power in 2017 after Mugabe was forced to resign, has encouraged former white farmers to apply for pieces of land.
The president said the latest developments have brought closure.

https://apnews.com/cca5777366726c485510f4efc48bd367
.
.
 

the_shootist

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#2
US dollars, I think. If it's Zimbabwe bucks, it's worth about a cup of coffee. for everybody

Zimbabwe signs billion-dollar deal to repay white farmers
By FARAI MUTSAKAyesterday


HARARE, Zimbabwe (AP) — Zimbabwe’s government on Wednesday signed a deal with former white farmers to pay them billions of dollars in compensation roughly two decades after they lost their land in often violent invasions.

But because the government does not readily have the money, the farmers will be part of a team tasked with raising the cash.

About 4,000 farmers lost large swathes of land when Zimbabwe’s late leader Robert Mugabe launched the often-chaotic land reform program which he said was aimed at addressing colonial-era land inequities. White farmers had owned the majority of prime farmland. Agricultural land now belongs to the government.

According to the agreement, signed at President Emmerson Mnangagwa’s official residence and witnessed by representatives of the former farmers, the $3.5 billion compensation is not for the land but for infrastructure such as wells, irrigation equipment and buildings. The farmers initially wanted over $5 billion.

The full payment is expected to be done within five years. But it is unclear if the former farmers will receive the money given that Zimbabwe is financially troubled and burdened with a huge debt.

The government will borrow on international markets and the farmers will be part of a “joint resource mobilization committee” tasked with raising the money, according to the agreement.

Mnangagwa, who took power in 2017 after Mugabe was forced to resign, has encouraged former white farmers to apply for pieces of land.
The president said the latest developments have brought closure.

https://apnews.com/cca5777366726c485510f4efc48bd367
.
.
:dduck::dduck::dduck:

What a world! The memes write themselves!
 

EO 11110

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take that press release to zimbab bank, borrow the money and buy gold coins

a few years later sell one coin and pay off the z debt

keep the rest of the gold coins

consider trading them for GIM silver rounds
 

Bigfoot

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#4
Good for Zimbabwe and Mnangagwa. I bet this doesn't get that much exposure on FOX or CNN, they wouldn't want the divide and conquer narrative to end.
 

MrLucky

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Mnangagwa, ....... , has encouraged former white farmers to apply for pieces of land.
Why, so that the next government can take it again? Take the money and run.
 

the_shootist

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ZZZZZ

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