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Zimbabwe Pledges to Protect Properties of Foreign Nationals
The Zimbabwean government has pledged to protect properties of foreign nationals in the country, The Herald newspaper reported on Tuesday.
Properties of foreign nationals will not be affected as the Zimbabwean government has signed investment protection agreements with most nations, said Minister of Lands, Agriculture and Rural Resettlement Joseph Made on Monday.
"We are working towards de-listing the farms (for land reform) but where such de-listing is rejected by local land committees for various reasons, the government will pay full compensation to the landowners," Made said.
Some Dutch nationals in Zimbabwe have threatened the Zimbabwean government with court action for listing their farms for compulsory acquisition for land reform.
Made said the court action is unnecessary because the government will soon de-list the properties in compliance with the bilateral investment protection agreements between Zimbabwe and several nations.
"As a country we respect bilateral investment agreements that we have signed with other nations," he said.
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