Zimbabwe to Return 67 European-Owned Farms in Bid for Debt Relief

Zimbabwe will return 67 foreign-owned farms and pay $146 million in compensation to European investors. These properties are covered under bilateral treaties with Denmark, Switzerland, Germany and the Netherlands. The move addresses long-standing grievances from the often violent 2000 land reform era. The government under President Mnangagwa also plans to restore more than 1,200 farms to Black and white Zimbabwean owners. Officials hope this restitution drive will mend ties with Western powers and clear the way for IMF and World Bank lending. Zimbabwe remains shut out of those institutions as it struggles with over $13 billion in foreign debt.

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