The World Bank has issued the world's first wildlife conservation bond, raising $150 million to help efforts to increase the endangered black rhino population in South Africa, the bank said in a statement on Thursday. The five-year 'rhino bond' issued on Wednesday will pay investors returns based on the rate of growth of black rhino populations at South Africa's Addo Elephant National Park (AENP) and the Great Fish River Nature Reserve (GFRNR), the bank said. FILE PHOTO: A black rhino is seen after it was dehorned in an effort to deter the poaching of one of the world's endangered species, at a farm outside Klerksdorp, in the north west province, South Africa. REUTERS/Siphiwe Sibeko After five years, investors would get a return of between 3.7% and 9.2% if the population increase...
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Hundreds of rhinos once roamed Uganda's sprawling savannas and tropical woodlands, part of a rich heritage of big game and a tourist draw for the East African country. But throughout the 20th century, poachers hunting for the beasts' prized horns killed them unchallenged during years of political turmoil, including the dictatorship of Idi Amin. Uganda's native population of northern white rhino and eastern black rhino that once together numbered above 700 was wiped out around 1983, according to the Uganda Wildlife Authority (UWA). Kori, the oldest rhino, rests with her four-months-old baby under a shade at the Ziwa Rhino Sanctuary in Kiryandongo district, Uganda December 1, 2021. REUTERS/Abubaker Lubowa Now a private wildlife ranch that is breeding rhinos is kindling hope for ...
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