Supported by a $10 million grant from the African Development Bank, a five-year governmental project to promote Malawi’s attractions and competitiveness has helped to fuel a significant growth in the tourism sector’s contribution to GDP.
Running between 2018 and 2023, the Promoting Investment and Competitiveness in the Tourism Sector Project was initiated by the Government of Malawi in recognition of the need to diversify the country’s sources of growth and exports.
The project was aimed at increasing efficiency and effectiveness of institutions in the tourism sector by strengthening management capacity to generate revenue and create employment.
According to the African Development Bank’s Project Completion Report published at the end of April, the project “significantly bolstered investment in the tourism sector, propelling economic growth and sustainable development”.
A notable outcome of the project was the development of a comprehensive strategy – the Tourism…
