Page 55 - Demo
P. 55
Malawi boasts fantastic scenery, national parks and game reserves. Lake Malawi also offers snorkelling, diving, boating, and a relaxing shore under the sun's warmth.
Malawi has a stable political environment with friendly, kind and well trained, hardworking, English speaking people in a liberalized economy. In Malawi, companies operate and access opportunities without government interference. The country recognizes the importance of Foreign Direct Investment (FDI) in its economic growth and development. The improve- ment of infrastructure and removal of investment barriers have created immense business opportunities.
Then there is Lake Malawi, home to over 800 endemic fish species including the Malawi Chambo. Fish production only amounts to 565 ton per year, which is - again - not enough to satisfy local and regional demand.
Authorities are hoping that potential investors could splash cash and expertise to build lodges, recreational facilities and international conference centre in Lilongwe, Blantyre and along the lakeshore, and invest in eco-tourism
“In terms of economic security, Malawi is a liberalized economy where investors are free to venture into any form of business except those having a bearing on health and security.”
There is considerable potential for tourism in Malawi. The tourist industry has grown greatly since the mid-1970s, and the Malawian government is attempting to expand it further. The tourist sector was badly affected in the 1980s by an economic recession in South Africa, the source of most of Malawi's tourists. The industry was also badly affected by the destabiliza- tion of Zimbabwe but has seen double-digit growth in recent years. Tourism contributed 4,5% to the national GDP in 2014 and provided 3,8% of all jobs. Main attractions are Lake Malawi, mountains such as Zomba Plateau and Mulanje Mountain and the country's national parks. The tourist industry promotes Malawi's national parks including Nyika National Park, Kasungu National Park, and Liwonde National Park.
The value for International tourism, number of arrivals in Malawi was 805,000 as of 2015. Over the past 20 years, this indicator reached a maximum value of 819,000 in 2014 and a minimum value of 192,000 in 1995.