Malawi rejects Likoma Island sale rumours, seeks tourism investment
This clarification comes amid growing interest in Malawi's tourism sector and increased scrutiny of foreign investment in African nations.
LILONGWE, Malawi— The Malawi government has denied rumours that Likoma Island is being sold to foreign investors, instead emphasizing its focus on attracting tourism investment to the area, writes Tawina Phiri.
In a Sept. 25 press release, Ministry of Tourism Principal Secretary Chancy Simwaka dismissed reports circulating in local media as unfounded.
"Likoma Island is not for sale," Simwaka said. "It remains a national asset, but we are actively seeking investment to boost its tourism potential."
The government clarified that Likoma is part of the National Tourism Investment Masterplan, which aims to promote sustainable development and economic growth.
A key project under this plan is the Likoma Activity Centre, with a budget of $263 million.
While rejecting the sale rumours, the ministry stated that foreign investors are welcome to explore tourism opportunities by leasing land for up to 99 years, in line with Malawi's land laws.
"These investments are facilitated by the Malawi Investment and Trade Centre, providing a transparent pathway for foreign participation in our economic development," Simwaka explained.
The government's stance underscores its commitment to preserving national assets while encouraging responsible investment to unlock the country's tourism potential.
Likoma Island, located in Lake Malawi, is one of ten priority initiatives in the national tourism plan.
The government sees it as a potential premier tourist destination, capable of contributing significantly to Malawi's economic growth.
This clarification comes amid growing interest in Malawi's tourism sector and increased scrutiny of foreign investment in African nations.