Zimbabwe has stopped acquiring foreign-owned farms protected by bilateral investment agreements. Lands Minister Herbert Murerwa said government has decided to steer clear of farms falling under the Bilateral Investment Promotion and Protection Agreement (BIPPA), after 40 Dutch farmers won their case through the International Court for the Settlement of Investment Disputes. “All farms under BIPPA will not be acquired under the land reform programme. That’s the position we have taken for now,” he said. The ICSID ordered the government to pay the farmers $11.5 million in compensation and slapped on a 10 percent interest for every six months from the date the farms were seized until full payment of the amounts.
(35 VIEWS)
Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…
The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…
Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…
Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…
Nearly 80% of Zimbabweans are against the extension of the president’s term in office, according…
The government is the biggest loser when there is a discrepancy between the official exchange…