Southern Africa threatens to quit wildlife trade monitor

Demand to sell ivory acquired through natural deaths, confiscations and culling was rejected by a majority of 101 votes. (AFP/File)
Updated 01 September 2019
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Southern Africa threatens to quit wildlife trade monitor

  • The CITES treaty, created more than four decades ago, regulates trade in some 36,000 species of plants

JOHANNESBURG: Southern African nations are threatening to quit the global wildlife trade regulator after it refused to relax restrictions on trade in ivory and rhino horn and imposed a near-total ban on zoos taking African elephants captured in the wild.

Ties soured during this week’s meeting of the Convention on International Trade in Endangered Species (CITES) in Geneva after numerous proposals from the Southern African Development Community (SADC) regional bloc were rejected.

Botswana, Namibia and Zimbabwe — home to the world’s largest elephant population — asked for the right to sell ivory acquired through natural deaths, confiscations and culling.

The demand was rejected by a majority of 101 votes.

The CITES treaty, created more than four decades ago, regulates trade in some 36,000 species of plants and animals and provides mechanisms to help crack down on illegal trade and sanction countries that break the rules. But members of the 16-nation SADC bloc accuse it of turning a blind eye to Africa’s problems.

“The result has been failure to adopt progressive, equitable, inclusive and science-based conservation strategies,” Tanzanian Environment Minister George Simbachawene told the Geneva meeting.

“Time has come to seriously reconsider whether there are any meaningful benefits from our membership to CITES,” he said.

Accusations

The ministers accused the regulatory body of bowing to animal rights groups and unreasonably prohibiting the trade of African wildlife and products rather than regulating it fairly.

“A great disappointment, shocking outcomes,” said Botswana’s Environment Minister Onkokame Kitso Mokaila.

“I think CITES has long passed its sell-by date,” he said, adding SADC needs “something else ... that speaks to the issues of today.”

No member has permanently quit the Convention since it was adopted in 1963. The largely aid-dependent SADC region hosts the lion’s share of Africa’s wildlife.

Zimbabwean President Emmerson Mnangagwa blasted the decision not to relax ivory laws saying the money — estimated to have a combined value of $600 million — could fund conservation projects.

“They bar us from killing our animals for selling ivory, but they want us to protect them from being poached,” he protested.

‘Non-state players’

Namibian Environment Minister Pohamba Shifeta said CITES was “increasingly becoming a forum dominated by non-state players with the agenda to divide and rule African states.”

“We are reconsidering our stay in CITES,” Shifeta said, suggesting regional and national talks could take place this year.

CITES’ refusal to overturn the international ban on ivory trade was, however, welcomed by conservationists.

Wildlife NGO Born Free’s head of policy, Mark Jones, told AFP that lifting it would have “seriously undermined” existing conservation efforts.

Poaching has decimated the world elephant population, which slumped in Africa from several million at the turn of the 19th century to around 400,000 in 2015.

Jones said devastated and vulnerable elephant populations would face “increased risk from poachers and traffickers who would not hesitate to use legal markets to launder illegal ivory into trade.”

He urged SADC countries to continue their membership and work with the international community to find solutions for species threatened by trade and trafficking.

Competition for resources is fierce, as growing human and wildlife populations increasingly encroach on each other’s space.


PIF-backed AviLease achieves revenue of $664m and 19% growth in 2025

Updated 27 February 2026
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PIF-backed AviLease achieves revenue of $664m and 19% growth in 2025

RIYADH: Saudi Arabia’s Public Investment Fund-backed AviLease achieved exceptional performance and sustainable business growth during 2025, supported by the strategic expansion of its global platform.

According to its financial results for 2025, AviLease recorded total revenues of $664 million, an annual increase of 19 percent, driven by disciplined growth in its asset portfolio and strong performance in aircraft remarketing amid sustained global demand for modern, fuel-efficient aircraft, the Saudi Press Agency reported.

Profit before tax doubled compared to the previous year, reaching $122 million. The year witnessed an expansion in AviLease’s portfolio, reaching 202 owned and managed aircraft, leased to over 50 airline companies in more than 30 countries. 

The total value of the company’s assets stabilized at $9.3 billion. AviLease maintained a 100 percent fleet utilization rate, reflecting the resilience of its business model, the efficiency of its asset management, and the strength of its strategic relationships with airlines around the world.

AviLease concluded purchase agreements for aircraft from Airbus, including the A320neo family and A350F, and Boeing 737 aircraft, aiming to enhance its future asset portfolio with modern, fuel-efficient aircraft. This step will contribute to supporting future growth and meeting increasing customer demand for the latest aircraft, aligning with the Kingdom’s ambitions to become a leading global aviation hub.

AviLease strengthened its prestigious credit standing by obtaining a strong Baa2 credit ratings from Moody’s and BBB from Fitch, reflecting its financial solidity, managerial discipline, and efficiency in managing leverage. The company also successfully issued senior unsecured bonds worth $850 million last November under Regulation 144A/RegS. This issuance contributed to diversifying its funding sources and enhancing its financial flexibility.

Commenting on the results, AviLease CEO Edward O’Byrne said: “This exceptional performance reflects the quality of the company’s investment portfolio, the strength of its partnerships with airlines, and its strategic focus on responsibly deploying capital into highly sought-after, efficient, modern aircraft assets.”

He added: “As aviation markets continue to grow, AviLease is strategically positioned to continue its expansion plans and deliver sustainable long-term value for shareholders, contributing to the Kingdom’s ambitions.”

Throughout 2025, AviLease continued to play a pivotal role in the Kingdom’s growing aviation sector and contributed directly to the launch and scaling of the new national carrier, Riyadh Air, by completing a sale and leaseback transaction for a Boeing 787-9 aircraft, which thereby became the first aircraft to join the airline’s fleet.

AviLease also established a strategic partnership with Hassana Investment Co. This partnership aims to provide an opportunity for local and international investors to enter the aircraft financing asset class and benefit from AviLease’s technical expertise and operational capabilities to support partnership growth and enhance performance. 

Hassana Investment Co. has agreed to acquire an initial portfolio of 10 modern aircraft from AviLease.