News
Impact Investment in Community-Based Sustainable Tourism
On July 15th, 2010, an event was hosted by the Aspen Network of Development Entrepreneurs (ANDE), DAI, and USAID to discuss investment in community-based sustainable tourism. The event brought together impact investment funds, development practitioners (including Solimar’s Chris Seek), and donors—including USAID, The Overseas Private Investment Corporation, and the US Department of Commerce—to discuss collaboration opportunities for the establishment of sustainable tourism development that delivers triple bottom line benefits on current projects and beyond. It was a forum for participants to express challenges and concerns of investment into tourism, and potential strategies for increasing the flow of capital into such projects. The event produced a lively discussion and generated several promising avenues for collaboration and systemization that will be pursued. To read the full summary of the event, click here.
Conservation Programme (IGCP), the operators visited two “in-development” community tourism products that provide visitors with an opportunity to learn about Batwa livelihoods while supporting them in preserving their cultural traditions as they adjust to their new way of life. After each product experience a reception was held and the operators participated in panel discussions to field questions from Uganda Wildlife Authority (UWA), IGCP, United Organization for Batwa Development in Uganda (UOBUD), Uganda Community Tourism Association (UCOTA) and Nkuringo Conservation and Development Foundation (NCDF) on their market knowledge of what their tourists would like. Their critiques will be taken and applied to the final developments of the two products, ensuring they are market driven and therefore sold competitively. In general the tour operators were so happy about the Batwa trail in Mgahinga and they are willing to start selling the product at the suggested amount of $80 to the tourists, the cave was the most exiting activity on the Batwa trial in Mgahinga.



