Online Reporter
ZIMBABWE has paid US$820 million in compensation to former farm owners, marking a significant milestone in efforts to resolve longstanding property rights issues and rebuild investor confidence, Finance Minister Professor Mthuli Ncube has said.
In a post on his X handle today, Prof Ncube, who had just attended the Zimbabwe Roundtable on “From Arrears Clearance to Sustainable Development: Building Confidence and Unlocking New Development Financing and Investment” on the sidelines of the IMF and World Bank Annual Meetings in Bangkok, Thailand, said the compensation payments formed part of broader land tenure and governance reforms aimed at strengthening confidence in the economy.
“I shared the progress Zimbabwe has made in restoring macroeconomic stability, with economic growth reaching 8,3 percent in 2025 and projected at 5 percent in 2026. ZiG inflation declined to 3,7 percent year-on-year in September 2026, while revenue collections reached US$5,3 billion in the first half of 2026, exceeding the target by 30 percent,” said Minister Ncube.
“I also shared progress under the Staff-Monitored Programme, with all five quantitative targets and four structural benchmarks achieved by the end of June 2026. Beyond economic reforms, I highlighted progress in land compensation, with US$820 million paid to former farm owners, alongside ongoing land tenure and governance reforms. These milestones shows Zimbabwe’s commitment to building investor confidence, strengthening economic stability and laying a firm foundation for arrears clearance, debt resolution and sustainable development.”
Prof Ncube said the country continued to register progress in restoring macroeconomic stability.
Zimbabwe has been pursuing comprehensive economic and governance reforms as part of efforts to normalise relations with international creditors, unlock new development financing and attract increased domestic and foreign investment.
