Govt to pay for land, investments on BIPPAS

Govt to pay for land, investments on BIPPAS
Published: 07 September 2018
Government will pay fair compensation for both land and improvements on all farms falling under the Bilateral Investment Promotion and Protection Agreements (BIPPAs) in line with obligations enshrined in the country's Constitution, Finance and Economic Planning Minister Patrick Chinamasa has said.

However, in terms of land falling outside of the BIPPAs, the Government will only pay for improvements, in recognition of the principle and legal provision that all land belongs to the State.

During the land reform programme to resettle landless people initiated two decades ago, part of the land held under BIPPAs was taken for purposes of resettling landless Zimbabweans.
- Business Weekly


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