Wilderness secures ‘green’ loan

Thursday, October 19, 2023 | 500 Views |

Pristine: Wilderness is one of Africa's biggest conservation and tourism groups

Hospitality group, Wilderness, has secured preferential funding from Standard Bank to support expansion into new markets and spread the efforts of conservation into larger areas.

Known as “principle-aligned nature conservation financing” the loan sealed between Standard Bank and Wilderness represents a first for the African market.

Standard Bank head of Corporate Financing Solutions in the Corporate and Investment Banking (CIB) division, Brydone Graham told BusinessWeek that while the quantum of the funding was not yet public information, the finance has been deployed across most of Wilderness' African footprint.

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