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Nelson Gahadza
Senior Business Reporter
Government is encouraged by progress and milestones on reforms under the arrears clearance and debt resolution process,
thus dialogue should continue to achieve the full objectives of the processes.
Implementation of the reforms is being spearheaded by sector working groups (SWGs) tasked with focusing discussions on the
Government’s implementation of reforms under the three key strategic pillars.
These include economic growth and stability reforms, governance and land tenure, compensation for former farm owners
(FFOs) and resolution of bilateral investment protection and promotion agreements (BIPPAs).
In a statement, Government said during a meeting with SWGs held on Monday, it was encouraged to maintain the ongoing
dialogue and to accelerate efforts to achieve the set goals and targets as this will ensure that the objectives of the debt resolution
process are achieved.
The Government said as part of efforts to make the 99-year lease bankable and tradable, stakeholders recently embarked on a
study visit to Tanzania to learn from the country’s experience with the bankability and transferability of its land lease
documents.
“Regarding the compensation of former farm owners, 444 farms have been cleared for payment so far.
“Government allocated US$35 million in the 2024 Budget for compensating the former farm owners who are part of the Global
Compensation Deed signed in 2020. The farmers will be paid for improvements made on the farms,” Chief Director in the
Office of the President and Cabinet, Mrs Anna Tinarwo said on behalf of the co-chair of Land Tenure Reforms SWG, who is also
Deputy Chief Secretary in the Office of the President and Cabinet, Mr Willard Manungo.
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