Kenya to Destroy $172Mln Worth of Illegal Ivory to Counter Poaching

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Kenya will burn more than 100 metric tons of #ivory, more than ever. Will this help end poaching?https://t.co/0fIMAFicSt

— DW - Business (@dw_business) April 29, 2016

Some 105 tons of elephant tusks and 1.35 tons rhinoceros horns, as well as exotic animal skins and many other wildlife products will be set ablaze on Saturday, the African country’s officials announced. The destruction of the ivory, said to be worth some $172 million on the black market, is aimed to tackle widespread illegal trade of the material.

“From a Kenyan perspective, we’re not watching any money go up in smoke,” Kenya Wildlife Service Director General Kitili Mbathi told CNN. “The only value of the ivory is tusks on a live elephant.”

The ivory black market is flourishing, mostly due to high demand from Asia, and China in particular. The Chinese black market, notably, is seen as driving a mass slaughter of elephants and rhinoceroses across sub-Saharan Africa, BBC reported.

Addressing this problem at a summit of African leaders, Kenyan President Uhuru Kenyatta called for an end to poaching, referring to it as a death sentence for endangered species.

“The future of the African elephant and rhino is far from secure, so long as demand for their products continues to exist," the president said, adding that the illegal ivory trade “fuels corruption” and hampers the economic development of Africa.

Elephants are responsible for a significant share of the Kenyan budget, as tourists from around the world travel to the country to observe indigenous wildlife in its native habitat. According to official statistics, tourism represents some 10 percent of the country’s GDP. The David Sheldrick Wildlife Trust, a Nairobi-based elephant rescue group, estimates that an elephant living a full life provides 76 times the revenue of its ivory on the black market.

But the mass slaughter of rare animals is setting new records. The number of rhinos killed in Africa has been rising for six years, and in 2015 reached 1,338. Over 100,000 African elephants were killed between 2010-2012, scientists from Colorado State University assessed.

"Very possibly by 2025, these magnificent creatures will be completely extinct," Evgeny Lebedev, UK-based journalist and charity campaigner told BBC.