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Government Defends US$40 Million Land Compensation Deal with Chiyangwa’s Pinnacle Holdings - Gambakwe Media

Summary by Gambakwe Media
The Government of Zimbabwe has defended its decision to award over 180 hectares of prime urban land to Pinnacle Holdings, a company owned by businessman and Zanu-PF official Philip Chiyangwa, as compensation for land repossessed in Stoneridge South.The transaction, which has drawn public and parliamentary scrutiny, involves high-value plots located in Borrowdale, Highlands, Bluffhill, Strathaven, Arcadia, and Harare’s Central Business District, …
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Among the contents related to land, many people and businesses are interested in land prices as a basis for calculating financial obligations and land use fees.

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Nehanda Radio broke the news in on Friday, August 1, 2025.
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