Zimbabwe Offers New Terms for $3.5 Billion Deal With White Farmers
- No plan to use land to pay compensation: agriculture minister
- Farmer compensation among demands from creditors at debt talks
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Zimbabwe has offered to settle a $3.5 billion land compensation deal over 10 years, the latest change to an agreement signed in 2020 with former White farmers ejected from properties more than two decades ago.
The southern African nation initially wanted to offer payment terms of 20 years but has since decided to speed up the process, according to Finance Minister Mthuli Ncube. The government has repeatedly missed repayment deadlines from the original pact.