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Wilderness secures ‘green’ loan

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

Editor's Comment
A collective responsibility to end FMD spread

As cases continue to threaten herds and rural livelihoods, one simple but critical action can make a powerful difference: strictly adhering to FMD regulations, including refraining from slaughtering cloven-hoofed animals.Cloven-hoofed animals, such as cattle, sheep, goats, and pigs, are highly susceptible to FMD. Slaughter, especially during outbreaks or restricted periods, significantly increases the risk of spreading the virus through...

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