Sunday, June 3, 2007

Zimbabwe says making payouts to white ex-farmers

(Reuters) - Zimbabwe has started paying out money to former white farm owners in compensation for land seized by President Robert Mugabe's government to resettle blacks, according to a public notice issued on Sunday.

The government has already allocated Z$10 billion for the purpose. This is nominally worth $40 million on the official market, but fetches only around $182,000 on the thriving black market.


Read more at Reuters Africa

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