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No loans for farmers

    JOHANNESBURG

    Half of Zimbabwe’s 4,500 commercial farmers will not qualify for bank loans to buy crops or for development this season because their farms have been targeted for seizure by the government, news reports said on Thursday.

    The Commercial Farmers Union (CFU) said a total of 2,102 farms have been listed by the government for compulsory acquisition, prompting local banks to demand letters of assurance of tenure from the government on those farmers whose properties have been earmarked for resettlement. The government, said CFU, had not provided these letters of assurance, forcing the farmers to scale down production levels while others were shutting down completely.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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