Chinese invest in former white-owned Zim farms
Harare – Chinese farmers have reportedly taken over farms that used to belong to white farmers in Zimbabwe.
According to Telegraph, the Chinese farmers had invested extensively in at least five tobacco farms in Mashonaland Central, a province that was traditionally one of the country's best tobacco-producing areas.
The farms would grow and cure about 1 500 acres of tobacco this year.
The new infrastructure, including equipment manufactured by a US Company, Valley Irrigation was estimated to have cost at least $9 129 260.
An unnamed insider in the tobacco industry was quoted saying that the Chinese company would be paying expensive rentals for the land they were now using.