Stanbic Bank Botswana Leads First Nature Conservation Financing in Africa
06 Nov 2024
Stanbic Bank Botswana led a groundbreaking nature conservation financing deal with Wilderness, serving as the Sustainability Structuring Agent and Sole Lender. This innovative transaction, the first of its kind on the African continent, enabled Wilderness to expand into new markets while conserving large areas of land. The bank's financial support was tailored to meet the unique needs of Wilderness, reinforcing its mission to protect, explore, and expand Africa's wilderness through sustainable tourism..
Wilderness, a leader in eco-tourism, received the backing necessary to accelerate its conservation efforts, further solidifying its commitment to environmental preservation and sustainable tourism. This deal exemplifies Stanbic Bank Botswana’s dedication to its Social, Environmental, and Economic (SEE) agenda, ensuring that economic growth is balanced with sustainable environmental practices.
Stanbic Bank's role as Sustainability Structuring Agent allowed for the creation of a financing framework that not only supports Wilderness’s immediate growth but also paves the way for future eco-tourism projects across the continent. This transaction highlights the bank’s ability to design solutions that foster sustainable development and conservation.
This landmark deal represents our unwavering commitment to supporting initiatives that preserve our planet while driving economic progress. We are proud to be part of a project that will have a lasting impact on both the environment and tourism.