Biti blasts fresh wave of farm invasions

Harare – Zimbabwe's finance minister says continuing violence and outstanding hurdles in Zimbabwe's power-sharing deal are keeping potential investors away.

Tendai Biti says there has been a new wave of seizures of white-owned farms since a coalition between President Robert Mugabe and longtime opposition leader Morgan Tsvangirai was formed in February.

Biti faces a tough task of kick-starting Zimbabwe’s collapsed economy and is trying to find funds to pay for the government’s daily expenses.

He told reporters on Wednesday that the new government received revenues of about $20m a month, an 80% shortfall on the $100m it needs.

Foreign donors are demanding the restoration of law and order as the main conditions for resuming funding.