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Zimbabwe gvt assets to be impounded

By Stanley-Dlodlo
for ZimEye.org

Published: July 10, 2009

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London(ZimEye) Zimbabwe’s assets in foreign countries are soon to be impounded , after President Mugabe revealed his government will not pay for land expropriated under his violent land reform programme.

In his announcement on Thursday, president Mugabe said that Britain should pay for the compensation of siezed land since a colonial obligation was ‘outlined’ in the Lancaster House agreement made before independence that Britain should pay. At an international investment function held in Harare, Mugabe said he told Tony Blair,

”…to keep his money, and we were going to keep our land’ Mugabe said.’

“The responsibility for compensating the farmers rests on the shoulders of the British government and its allies,” Mugabe added on Thursday.

However, some of these farms were lands owned by 13 Dutch farmers, some who went into Zimbabwe after independence (1980) and invested in farming business. These Dutch farmers were protected by commercial treaties personally signed by President Mugabe.

Recently, a World Bank tribunal ruled that Zimbabwe should pay US21 million for the breach of these commercial treaties when Mugabe violently siezed their farms. A 21 July deadline was given afterwhich time, interest will be added and the government’s assets in foreign lands will be subject to seizure.

Although the Zimbabwe government had requested that the damages be discounted, the tribunal rejected this request in April.

Government owned companies such as Air Zimbabwe will be siezed unless or until the Zimbabwe government has remitted payment. The tribunal ruling stated that the applicable law governing the dispute under the Treaty was public international law, not Zimbabwean law. (ZimEye, Zimbabwe)


WPSN comments

10 Comments on "Zimbabwe gvt assets to be impounded"

  1. Sarah Chipandu on Fri, 10th Jul 2009 11:57 am 

    zvazopressa manje.

    Ko what is Morgan saying kuene zvese izvi?

  2. samukeliso on Fri, 10th Jul 2009 12:52 pm 

    He is saying ” yu better listen to me Zimbabweans MUST come home, things are ok now”

  3. Kugaramusangotaneta on Fri, 10th Jul 2009 12:57 pm 

    This is speculation, Mugabe will not allow that

  4. Tsoko on Fri, 10th Jul 2009 1:26 pm 

    Mugabe iRombe remandorokwati, a fool of fools!

  5. jojo on Fri, 10th Jul 2009 2:06 pm 

    definately the president of zimbabwe RG MUGABE WILL NOT ENTERTAIN THAT NONSENSE.HE IS A GOOD LEADER ANYWAY.

  6. Tsoko on Fri, 10th Jul 2009 3:01 pm 

    Good leader? You must be mad up to the definition of the word!

  7. The Serpent on Fri, 10th Jul 2009 6:16 pm 

    Some people were born foolish and will die as fools. I have through some of the postings here, am left without doubt that they are fools.

  8. The Serpent on Fri, 10th Jul 2009 6:50 pm 

    Zimbabweans make me sick, like swine flue. They sing land!land! our land! They have never benefited from the Chaotic land grab.

    The whole of Zimbabwe had less than 5000 commercial farms to be shared among 8-12 million Zimbabweans. The ratio is 1:2500. One farm to 2500 people so that every Zimbabwean can bennefit.
    The land audit we carried revealed that the acquire farms are owned by Zanu PF heavy weights, Army, Police, Prisons, Ministers, District Adminstrators, Magistrates, Judges, vocal War Vets, and CIO`s.

    Most of these people owns two to three farms each. The rest of all these noise makers on this forum just sing land! land! land! Yet they have nothing.

    Dzokai kumba tikupei mabasa sana kamunda boy vafana.

  9. L. Nyati on Fri, 10th Jul 2009 11:24 pm 

    Our beutiful land is now moving forward without huddles. No massive hunger and starvation, AirZim has debts of +US$28 millions plus chinese loan +US$50 million with massive retrenchments and job cuts, NOCZIM has debts of +US$222 milliom fuel bills and total foreign debt is balloning at +US$5.255 billion. With no title deeds to land means no exports at all after all its class 1 quality produces with desseas control and checks, only fools think our problems will be over when we have decimated commercial agriculture. Even SA/AU will refer us to the west and China for +US$8,3billion loan which will be a pie in the sky or come at a heavy price as long as Mugabe is in office because we are a very high risk case.

  10. ZAKHE NDLOVU on Mon, 13th Jul 2009 5:17 pm 

    MUGABE FULL OF BEANS FROM THE DAY HIS MALAWIAN FATHER *******E.D THE ****** BONA. WHAT A DIABOLIC CURSE. I AM WAITING FOR THE DAY YOU DIE M.S.UN.U NYOKO NYASARANDE LOTHUVI. I HAVE ALREADY BOUGHT THE WHISKY TO CELEBRATE YOUR DEATH YOU WRINLED DEMENTED *****

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