Bankable Land Leases - A Game Changer For Zimbabwe's Farmers?
Zimbabwe's farmers were now going to be able to use their farms as collateral when taking loans, following the landmark development in which government tweaked the country's 99-year land leases to be "transferable and bankable". Under Financial institutions were previously refusing to borrow money to farmers, arguing that they were not transferable in the event that the farmers were unable to repay their loans.
99-Year Leases Now Bankable, Transferable
The Herald, 8 February 2018
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday said bankers have agreed to accept 99-year leases as collateral after Government tweaked them to be transferable… Read more »
Reserve Bank of Zimbabwe.
'Make the 99-Year Lease Bankable'
Zimbabwe Independent, 6 October 2017
Now in its second year running, there has been wide-ranging debate on whether the Command Agriculture scheme introduced last year by government has been a success given the… Read more »
President Emmerson Mnangagwa's government has issued a directive for a 99-year lease of land for white farmers, who were only allowed to lease land for 5 years under former ... Read more »