Question NW3533 to the Minister of Tourism
27 November 2023 - NW3533
Matumba, Mr A to ask the Minister of Tourism
What are the specific details in relation to the implementation status of the Tourism Transformation Fund?
Reply:
I have been informed by the Department that the Tourism Transformation Fund (TTF) was officially launched in May 2018.
Since inception a total of 27 applications were approved for support under the TTF. Unfortunately, eight (8) of the approved applications were withdrawn post investment, leaving 19 active approved projects at various stages of implementation.
Based on information received from the National Empowerment Fund (NEF), the reasons for withdrawal post approval predominantly relates to the failure by the client/ applicant to meet certain requirements stipulated in the contract between the client/ applicant and the NEF.
In some cases, applications were withdrawn by the NEF and in others by the applicant/ client.
There are an additional 38 active applications at various stages of assessments in the programme pipeline.