The Cecil Hotel in Zimbabwe, which has long been the focus of the controversy surrounding Cecil’s killing, is being sold.
The sale of the hotel is being negotiated between the Zimbabwean government and the Zimbabwe Investment Corporation (ZIC).
The Zimbabwean Government has been negotiating with the ZIC for the sale of The Cecil since March.
The Zimbabweans government said it would have the option to buy the hotel if it could raise the money.
ZIC said on its website that the negotiations had not yet reached a conclusion.
A group of people hold placards and signs as they attend a demonstration to protest against the death of Cecil, which they say was caused by the illegal trade in ivory and rhino horn in Zimbabwe in 2014, in the southern city of Harare, February 17, 2020.
“The sale of Cecil Hotel has been in the works for some time,” ZIC President Mmusi Maimane said in a statement.
“The government is committed to maintaining the status quo of this hotel in order to protect the environment and the economy.”
The government has previously said that it would not accept the hotel’s purchase as part of its plan to increase investment in tourism.
The sale has attracted much criticism from environmentalists.
The ZIC says it is seeking to “restore the status of this iconic hotel as a heritage monument”.
“The country has witnessed unprecedented social, environmental and economic damage from the illegal wildlife trade,” the ZIIC said.
The government says it has spent nearly $30 million on its conservation efforts and plans to spend $20 million in the next three years to help the country meet its conservation goals.
In April, Zimbabwe banned the import of ivory and said it is currently facing a crisis in the illegal ivory trade.
In October, Zimbabwe was one of three countries to declare a national emergency over the ivory trade, which is believed to be worth more than $10 billion a year in Africa.
The country also banned all exports of ivory products to countries including China and Vietnam, and has launched a crackdown on the trade.
The announcement that the sale was in the offing came days after Zimbabwean President Robert Mugabe said he was ready to hand the hotel to Zimbabwe’s new government, in an interview with Reuters.