The bond will pay investors returns based on the rate of growth of black rhino populations at the Addo and Great Fish reserves.
A tranquilised rhino is moved carefully into a crate for transportation from SA to Rwanda. The World Bank has issued a bond that will help with rhino conservation.The World Bank has issued the world's first wildlife conservation bond, raising $150m to help efforts to increase the endangered black rhino population in SA, the bank said in a statement on Thursday.
After five years, investors would get a return of between 3.7% and 9.2% if the population increases. They would get no return if there is no change in the black rhino population, it added. Later, large-scale conservation efforts were taken up which led to their increase to between 5,000 and 5,500, according to Save The Rhino's website.
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