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Funds needed to bolster tourism recovery in Malawi

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Tourism

With tourists slow to return, Malawi looks to complementary alternatives to tide tourism-reliant communities over, including soft loans, business capacity development, and agricultural enrichment projects

DURBAN, South Africa, July 5, 2022/APO Group/ — 

“People who live around Kasungu National Park depend on tourism and agriculture. The onset of the COVID-19 pandemic killed tourism and disrupted rural markets. It was a tragedy for many local people.”

These observations on the effects of the pandemic around Kasungu National Park in Malawi by Malidadi Langa, the chair of the Kasungu Wildlife Conservation for Community Development Association (KAWICCODA), were mirrored elsewhere in the country and on the African continent as travel restrictions to prevent the spread of COVID-19 disrupted local and international tourism and trade in 2020 and 2021

Agriculture was a common alternative livelihood strategy for rural Malawians. Photo credit: Dianne Tipping-Woods for Africa Nature Based Tourism Platform

“Even before COVID-19, tourism wasn’t a silver bullet for poverty reduction. It’s not like these communities were suddenly wealthy from tourism. Many were already struggling,” said Langa, explaining that the small-scale operators participating in the tourism value chain before the pandemic didn’t have the savings to weather the effects of prolonged business interruptions.

“The impact was widespread. People who sell curios, supply produce, and work in lodges suddenly had no income, sometimes not even to buy food for that day. There were tour guides who had to become fishermen. Men and women were cutting trees for charcoal. People were desperate,” said Brighten Ndawala from the MangochiSalima Lake Park Association (MASALAPA). The association helps manage the sharing of revenues generated by Lake Malawi National Park with communities living within the park boundaries.

“Eating our assets”

Franciwell Phiri, Managing Director at Small Steps Adventure Tours in Malawi, said, “We almost collapsed as a business. From 10 staff, we were left with three guides who were only paid from activity to activity.” His company also relied heavily on local freelance guides around Malawi, whom they trained and paid per tour “so that they could earn a living from the attractions they and their communities help protect. And wherever we went, we supported the communities by buying their food and produce. We also offered home stays in villages, where guests participate in life as it happens, and communities – especially women – can earn much-needed revenues.”

The travel company struggled with refunds and paying back deposits for cancellations, with Phiri describing borrowing money in Malawi as “impossible” given high-interest rates. “We were eating our assets. We sold and lost things like our own vehicles that we’d worked to pay off over the last 10 years. The scars are deep, and it will take a long time to heal,” said Phiri, who stayed afloat by offering special rates to local travellers and using his knowledge of Malawi’s rich cultural heritage to give presentations and lectures to businesses to bring in small amounts of money.

“We need to get equipment back so we can compete in the market again. Our only hope is for organisations that want to support SMEs. We are happy to pay back loans. We just need favourable terms,” said Phiri.

Agriculture was a common alternative livelihood strategy for rural Malawians. Photo credit: Dianne Tipping-Woods for Africa Nature Based Tourism Platform

COVID-19 impacts

In the decade before 2020, international tourism to Malawi was steadily increasing. In 2019, the total contribution of the travel and tourism sector to the country’s GDP was 6.7%, and the sector provided close to 516,200 jobs. But when COVID-19 hit in 2020, tourism’s total contribution to the GDP dropped to 3.2%, with a loss of 167,000 jobs in the travel and tourism sector.

“This is massive. A third of the country’s jobs in this sector were lost, affecting over half a million people who rely on tourism to meet their daily needs,” said WWF’s Nikhil Advani. He is the project manager for the Africa Nature-Based Tourism Platform (www.NatureBasedTourism.Africa), which interviewed 50 tourism-related enterprises in Malawi in the months following the pandemic’s start. According to the data collected (https://bit.ly/3NI2ijk), none could sustain operations at pre-pandemic levels without urgent funds. “Most stated that they would prefer these funds in the form of soft loans or grants, but the preference for the form of financial support was secondary to how urgently it was required,” noted Advani.

The African Nature-Based Tourism Platform

Launched in 2021 with $1.9 million from the Global Environment Facility (GEF), the platform is working with local partners in Malawi and 10 other countries to mobilise at least US$15 million in funding to support the most vulnerable COVID-19 affected communities living in and around protected areas and involved in nature-based tourism. KAWICCODA is the African Nature-Based platform’s partner in Malawi, a country with many natural attractions, like Lake Malawi, national parks, and cultural and historical attractions.

“After completing the data collection phase, the African Nature-Based Tourism Platform also supported KAWICCODA to prepare and submit a funding proposal to the BIOPAMA Medium Grants Facility for an Alternative Livelihoods Project as a direct response to the COVID-19 related collapse of tourism around Kasungu National Park. Whether KAWICCODA is awarded the grant or not, the proposal development process itself was a rare and important learning experience for which KAWICCODA remains grateful to the Platform,” said Langa.

Snares are used to capture wildlife for bushmeat in some rural communities. Photo credit: Dianne Tipping-Woods for Africa Nature Based Tourism Platform

A slow recovery

African Nature-Based Tourism Platform also supported KAWICCODA to prepare and submit a funding proposal to the BIOPAMA Medium Grants Facility for an Alternative Livelihoods Project

Although Malawi lifted most travel restrictions – as from 1 June 2022, travellers can enter Malawi with either a vaccination certificate or a negative PCR test – travellers have been slow to return, says Ndwala, who estimates that recent arrivals to Lake Malawi National Park are still at least 80% lower than pre-pandemic.

“I think the big learning point is that most people involved in tourism depended 100% on tourism, and the possibility of it collapsing was not considered, so people were unprepared. Tourism-reliant communities need help making their operations more robust and establishing alternative businesses that can complement tourism. It’s not just about the money. It’s about planning and financial management skills,” said Ndawala.

Nearly 50% of the land in Malawi is already used for agriculture. Still, these markets were also affected by the pandemic, and rural communities had few options to generate revenue to buy food and pay school fees. “Anecdotally, the pandemic did seem to worsen tension between the protected areas and the community. Encroachment and poaching were a natural reaction because people turned to nature to get something from which they could get money or food as soon as possible to survive,” he said.

Malawi is known for its charcoal production, which drives deforestation, as rural people produce bags of burnt wood to sell along the road to truckers to earn a living. And though the World Bank (https://bit.ly/3P2NzR4) provided US$86 million toward financial support for small and medium enterprises in Malawi in September 2020, those funds only served to alleviate immediate strains caused by the pandemic, and further support is now required (World Bank, 2020).

Staving off hunger

Of the 50 enterprises surveyed in Malawi, nearly every one indicated an interest in one or more food production methods as an alternative source of revenue to tourism. Most enterprises were interested in beekeeping, fruit juice production, and raising guinea fowl. A number also mentioned mushroom production and the sale of tree seedlings.

“These communities already do several things: farming maize, ground nuts and soya, and beekeeping. With assistance, they can be self-sustaining, says Ndawala, who believes they fall short because they “sell the raw crops and make very little. Adding value to these crops could make a real difference. Ground nuts could be made into peanut butter. Soya can produce milk.”

According to Matias Elisa, who worked as community extension manager for Kasungu National Park during the pandemic, climate change is also affecting agriculture-reliant communities who are forced to either poach or encroach on the park to survive. With starvation a real threat to people living in remote and rural areas, he believes recovery efforts should focus on helping people to stand on their own.

“What we’re trying to achieve with the African Nature-Based Tourism Platform is resilience to future shocks, be they from pandemics, or climate change or disasters of any nature,” says Advani, who hopes that funders will see the potential in supporting the most vulnerable in livelihoods that are also good for nature.

Empowering women

Women are especially vulnerable. According to a December 2021 World Bank publication on unlocking Malawi’s economic growth by bridging the widening gender gaps in the labour workforce, around 59% of employed women and 44% of employed men are working in agriculture, which is the largest employment sector in Malawi. Fields managed by men produce an average of 25% higher yields than those managed by women. And female wage workers earn 64 cents (512 Malawi kwacha) for every dollar (≈800 Malawi kwacha) earned by men.

A presentation by Jessica Kampanje-Phiri, (PhD), from Lilongwe University of Agriculture and Natural Resources, and Joyce Njoloma, (PhD), from World Agroforestry (ICRAF) in Malawi, emphasised the need to diversify women’s livelihood options. They were attending a side event at the NGO Forum of the Commission on the Status of Women (CSW66) 2022, about empowering women in the green economic recovery from COVID-19. They noted that the gender gap in agricultural productivity is due to women having unequal use of land, lower access to farm labour and inferior access to improved agricultural inputs and technology. And that despite “growing recognition of the differential vulnerabilities as well as the unique experiences and skills women and men bring to development and environmental sustainability efforts, women are still less able to cope with – and are more exposed to – the adverse effects of the changing climate and pandemics such as COVID-19.”

Rights-based recovery

The country’s National Wildlife Act ensures peoples’ rights to benefit from tourism and conservation; Langa believes that with the proper support, including aggressive advocacy from community organisations like KAWICCODA, Malawians – including women – will find ways for community-based natural resource management to better their lives. As Chairperson of the National CBNRM Forum, Langa represents Malawi Community Based Natural Resource Management associations in the Southern Africa Community Leaders Network (CLN), which advocates for community rights.

“The first step is to get local communities empowered and defend the gains we have made in conservation in our protected areas,” he said. This includes ensuring tourism revenues improve the well-being of local communities and promote local tourism in the domestic market while establishing complementary businesses that are nature-compatible. As well as revenue and benefit-sharing, there are other challenges around human-wildlife conflict, access to resources within the parks, and approaches to law enforcement that also need to be addressed.

“Throughout southern Africa, we now have a small window of opportunity for people to rethink their strategies and recapitalise their businesses. Thanks to initiatives like the African Nature-Based Tourism Platform, there is a feeling of hope that we can have something better than before with the right support. We shouldn’t squander that,” he says.

Distributed by APO Group on behalf of The African Nature Based Tourism Platform.

Energy

U.S.-Africa Energy & Minerals Forum Expands to Critical Minerals and Supply Chain Security

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Africa

This year’s U.S.-Africa Energy & Minerals Forum in Houston signals a strategic shift toward integrated energy and critical minerals investment, strengthening U.S. partnerships across Africa’s resource and industrial value chains

HOUSTON, United States of America, February 26, 2026/APO Group/ –The U.S.-Africa Energy & Minerals Forum (USAEMF) has relaunched with a dedicated focus on critical minerals, marking an important evolution in its role as a platform for U.S.-Africa commercial engagement. Building on its foundation in energy, power and industrial projects, the forum’s expanded scope positions it at the center of investment conversations shaping the future energy economy.

 

Scheduled for July 21–22, 2026, in Houston, Texas, USAEMF comes at a time of surging global demand for copper, cobalt, lithium, manganese and rare earth elements, driven by electrification, battery storage, AI infrastructure and advanced manufacturing. Africa is increasingly critical to securing these materials, highlighting how energy and minerals are now interconnected pillars of industrial growth, geopolitical stability and decarbonization.

The forum’s minerals mandate deepens engagement with African producers – particularly the Democratic Republic of Congo (DRC), home to some of the world’s largest copper and cobalt reserves. Momentum is building through the U.S.–DRC strategic minerals framework and the U.S.-backed Orion Critical Mineral Consortium, a major investment platform supported by the DFC and private partners. The consortium is pursuing a 40% stake in the Mutanda and Kamoto copper-cobalt operations in a $9 billion transaction, securing long-term supply for allied markets while reinforcing cooperation on infrastructure, security and supply-chain governance.

Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties

U.S. financing is also expanding across the region, with the DFC managing a continental portfolio exceeding $13 billion to support mining, processing and transport infrastructure for critical mineral supply chains. Recent commitments include rare earth, graphite and potash projects in Malawi, Mozambique and Gabon; broader investments in Uganda, Tanzania, Zambia and South Africa; and $553 million linked to the development of the Lobito Corridor. The DFC is also a major backer of TechMet, a U.S.-supported investment firm valued at over $1 billion, which is raising up to $200 million to expand copper, cobalt, lithium and rare earth assets and pursue new opportunities across the DRC and Zambia. Together, these initiatives underscore Washington’s push to diversify battery-mineral supply while positioning Africa as a long-term partner in clean energy and industrial value chains.

Houston’s role as host city reflects the alignment between American industrial capacity and African resource development. Long established as a global energy hub, the city is expanding into energy transition technologies, advanced materials, carbon management and industrial innovation. By convening African governments with U.S. private equity, development finance institutions, exporters, insurers and technical service providers, the forum creates a commercial platform capable of converting mineral potential into bankable projects.

“The evolution from USAEF to USAEMF reflects a broader shift toward integrated energy and mineral development,” states Nadine Levin, Portfolio Director at Energy Capital & Power, forum organizers. “Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties and advances projects that deliver long-term shared value.”

While critical minerals define the forum’s strategic expansion, the U.S.’ longstanding role in Africa’s energy sector remains central to the platform’s value proposition. American energy companies continue to advance exploration and development across key upstream markets, support gas monetization in the Gulf of Guinea and revitalize mature production in North Africa. U.S. export credit and development finance are also helping unlock large-scale LNG capacity in Mozambique while supporting optimization and expansion across existing gas infrastructure in West Africa – demonstrating how American capital, engineering expertise and risk-mitigation tools convert resource potential into delivered energy systems.

USAEMF is the leading platform connecting U.S. capital and technical expertise with Africa’s energy and minerals sectors. For more information or to participate at the upcoming forum, please contact sales@energycapitalpower.com

Distributed by APO Group on behalf of Energy Capital & Power.

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Pesalink and Pan-African Payment and Settlement System (PAPSS) Unlock Cross-Border Payments in Local Currencies in Kenya

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Pesalink

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders

NAIROBI, Kenya, February 26, 2026/APO Group/ —

  • Instant 24/7 bank-to-bank transfers across African borders in local currencies.
  • Simpler cross-border payments for individuals, businesses, and SMEs.
  • 80 plus Pesalink network participants now linked to 160 plus PAPSS participating banks.

 

Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration.

 

The partnership enables instant 24/7 cross-border payments from PAPSS participants into banks and mobile money operators within the Pesalink network in Kenya, all settled in local currencies. This reduces complex correspondent banking requirements and reliance on foreign reserve currencies.

 

Kenyan banks will now be able to offer faster, cheaper cross-border payments

PAPSS, an initiative of the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables cross-border payments between African countries. Pesalink is now a Technical Connectivity Provider. It means that 80 plus Kenyan bank, fintech, SACCO and telco participants on the Pesalink network will be connected to 160 plus commercial banks and fintechs on the PAPSS platform.

 

Cross-border payments remain expensive and slow for many African businesses. The 2023 (http://apo-opa.co/4baDSh7) World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent (above the global average of 6–7%). Settlement can also take three to seven business days.

 

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders.

 

Speaking during the partnership signing held at Pesalink offices in Nairobi, PAPSS CEO Mike Ogbalu III said, “For PAPSS to deliver true impact, collaboration with national and private switches like Pesalink is essential. Pesalink is the first switch we’ve piloted for transaction termination in Kenya, and we are already seeing greater adoption by opening more channels for seamless, local-currency cross-border payments across Africa.”

 

Pesalink CEO, Gituku Kirika, said “Kenyan banks will now be able to offer faster, cheaper cross-border payments. They will be helping their customers grow more regional trading relationships and thrive in a more integrated digital economy.”

Distributed by APO Group on behalf of Afreximbank.

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Events

Africa Trade Conference Returns to Cape Town with Esteemed Speakers Driving Africa’s Trade Agenda

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Africa

Second edition convenes global policymakers, business leaders, and innovators to accelerate Africa’s integration into global trade

CAPE TOWN, South Africa, February 26, 2026/APO Group/ –Access Bank Plc (www.AccessBankPLC.com) is proud to announce the distinguished line-up of speakers for the second edition of the Africa Trade Conference (ATC 2026), scheduled to take place on March 11, 2026, at the Cape Town International Convention Centre, Cape Town, South Africa. Building on the strong foundation of its inaugural edition, ATC 2026 will convene an exceptional assembly of global and African leaders, policymakers, investors, and business executives committed to shaping the future of trade on the continent.

The Africa Trade Conference has rapidly emerged as a premier platform for advancing dialogue and action around Africa’s evolving role in global commerce. The 2026 edition will feature influential voices from across finance, government, development institutions, and the private sector, who will share insights on unlocking trade opportunities, strengthening intra-African commerce, enabling business expansion, and positioning African enterprises for global competitiveness.

The confirmed speakers represent a powerful cross-section of leaders driving Africa’s economic transformation.

Building on the momentum of its maiden edition, which convened senior decision-makers from 28 countries, the 2026 conference with the theme “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact”, will have the keynote address delivered by Kennedy Mbekeani, Director General, Southern Africa Region, African Development Bank (AfDB), alongside Kwabena Ayirebi, Managing Director, Banking Operations at the African Export-Import Bank. Their joint keynote will address the evolving financing landscape for African trade and the strategic pathways for unlocking continental prosperity.

The welcome address will be delivered by Roosevelt Ogbonna, CEO/GMD, Access Bank Plc, who will set the tone for discussions centered on trade transformation, financial inclusion, and regional competitiveness, while Tolu Oyekan, Managing Director & Partner at Boston Consulting Group, will deliver insights on “Africa Trade Outlook 2026”, examining emerging macroeconomic trends, supply chain shifts, and growth opportunities across key sectors.  The CEO of Pan-African Payment and Settlement System, Mike Ogbalu, will be engaging the conference participants on the topic, “Building a Connected Africa Through Trade, Payments & Technology”, focusing on how payment interoperability and digital infrastructure can accelerate the African Continental Free Trade Area (AfCFTA) agenda.

The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us

The conference will also host a High-Level Ministerial Panel that features Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness & Industry, Ghana; Tiroeaone Ntsima, Minister of Trade and Entrepreneurship, Botswana; Mr. Florian Witt, Divisional Head, International & Corporate Banking Oddo-BHF, Ms. Nathalie Louat – Global Director, International Finance Corporation (IFC), Dr Isaiah Rathumba – Head of Department, Limpopo Economic Development, Environment and Tourism and Mr. Alfred Idialu – Chief Rep Officer, Deutsche Bank among other policymakers shaping trade policy across the continent.

Commenting on the announcement, Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said:
“The Africa Trade Conference reflects our unwavering commitment to advancing Africa’s economic transformation by creating a platform that brings together the leaders, institutions, and ideas shaping the future of trade. The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us. Africa is not only participating in global trade, it is helping to redefine it. Through this convening, we aim to catalyse partnerships, unlock new opportunities for businesses, and accelerate Africa’s integration into global value chains.”

“At Access Bank, we see ourselves not just as financiers, but as connectors of markets, ideas, and opportunities. Our role is to help African businesses move from ambition to impact, from local relevance to global competitiveness.”

With operations in 24 countries globally, including 16 across Africa, Access Bank’s expansive footprint places it in a unique position to facilitate cross-border trade, unlock regional value chains, and simplify the complexities of doing business across markets.

“Our presence across Africa and key global corridors gives us a front-row seat to the realities of trade. It also gives us the responsibility to design solutions that are inclusive, scalable, and future facing. ATC 2026 is part of that commitment, Ogbonna added.

ATC 2026 is expected to catalyze partnerships, enable policy dialogue, and provide actionable strategies for businesses operating within and beyond the continent.

The Access Bank Chief puts it thus, “Africa will not be a spectator in the remaking of global trade. We will be one of its architects. ATC 2026 is where those blueprints will be drawn.”

For more information and registration, please visit https://apo-opa.co/4sdXWF7

Distributed by APO Group on behalf of Access Bank PLC.

 

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