Baillères details ambitions for Erindi to Geingob

WINDHOEK, JUNE 26 – President Hage Geingob received a courtesy visit from Mexican business leader and philanthropist Alberto Baillères, the prospective buyer of Erindi Game Reserve.

Baillères updated the President on his plans for Erindi in anticipation of finalisation of the sale. The transaction is currently awaiting regulatory approval by the Namibian Competition Commission (NaCC).

According to a statement released today by Emergo Communications: “This is a standard process where sizeable acquisitions are concerned and Mr Baillères and his team are working closely with the NaCC to clarify the questions that they have asked in relation to the transaction. The next step is that all suspensive conditions that Mr Baillères and the seller agreed upon are satisfied, before the sale can be concluded.”

Baillères’ investment plans are concentrated on upgrading the reserve and safeguarding the flora and fauna species of Erindi, while expanding ongoing conservation efforts.

Geingob welcomed Mr Baillères and expressed keen interest in his plans for Erindi.

“Mr Baillères’s investment is both welcomed and safe in Namibia. Our country is a strong constitutional democracy which respects the rule of law,” said the President, stressing the importance of attracting responsible and committed foreign investment to Namibia which would assist the economy to the benefit of all Namibians.

Also present at the meeting was Minister of Land Reform, Honourable Utoni Nujoma, the Minister of Finance, Honourable Calle Schlettwein, Minister of Presidential Affairs, Martin Andjaba and the Attorney General, Honourable Dr Albert Kawana.

Baillères is the President of Mexico-based BAL Group, which has a stellar track record and strong reputation with operations that have spanned more than a century.

The Group has diversified interests and Mr Baillères has experience with managing several wildlife protection ranches in different parts of the world.

“Mr Baillères is a philanthropist who aims to transform Erindi into a world class game reserve, in line with the Ministry of Environment and Tourism’s guidelines, which will be in support of the service industry in Namibia. His intention is to preserve Erindi for future generations and ensure that it continues to provide a sanctuary and safe environment for rare and valuable species such as elephant, black rhino, white rhino, wild dogs, cheetah, leopard and lion, that are unique and an essential part of African culture and heritage,” read the statement. – NDN Staffer