Zimbabwe paid reparations for the first time to white farmers whose lands were seized nearly 20 years ago. This arrangement is seen as an important step towards ending the economic crisis caused by land expropriation.
The Kuvimba Mining House, which is largely owned by the state, transferred €838,000. Last year, the government promised the affected farmers the amount of billions, but did not want to pay it all at once.
Zimbabwe was formerly known as the breadbasket of Africa, but that changed in 2000 when armed gangs took over farms from white farmers. The perpetrators had the support of Robert Mugabe’s government, which said he wanted to return the land to black Zimbabweans.
Then the Zimbabwean economy entered a downward spiral. Exports collapsed and Western sanctions were imposed. The country has been experiencing hyperinflation in recent years. The military forced Mugabe, then 93, to resign in 2017. He died two years later in Singapore.
Unlimited free access to Showbytes? And that can!
Sign in or create an account and never miss a thing from the stars.
Mark Twain is a contributor to Thecherawchronicle.com, covering a wide range of topics including news, politics, business, technology, sports, entertainment, and lifestyle. He focuses on delivering clear, accurate reporting and useful information that helps readers stay informed about current events and issues that matter. His work emphasizes readability, balanced coverage, and stories that are relevant to everyday audiences, providing timely updates and insights in an accessible and engaging manner.
More Stories
Revealing the ten countries that support Ukraine the most
Funny protest against mass tourism in Galician village
Kamala Harris has wind in her sails, but Trump can still win