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Africa's tourism sector has been growing for 20 years at an average annual rate of 9%, that's two full decade of nearly double digit growth📈 pre-pandemic. #Tourism represents one of the fastest growing sectors in #Africa, contributing nearly $178 billion in 2017, equivalent to 8.1 percent of GDP. While tourism and travel represented almost 10% of the gross domestic product in the region. In 2019, tourism contributed 14.7% of Namibia's GDP, 10.7% to Tanzania's, and 8.2% to Kenya's. According to 2019 figures published by the World Travel and Tourism Council, wildlife-based tourism specifically generated more than US $29 billion annually for Africa, and employed 3.6 million people. Serengeti National Park in #Tanzania has been the best national park in Africa for the fifth consecutive year, according to the World Travel Awards (WTA). This recognition comes as part of the WTA's effort to commend excellence in the travel and tourism sector. Serengeti, famous for its wildebeest migration, has maintained its top position since 2019. Other African parks that competed for the title included Central Kalahari Game Reserve in #Botswana, Etosha National Park in #Namibia, Kidepo Valley National Park in Uganda, Kruger National Park in South Africa, and Masai Mara National Reserve in #Kenya. Africa possesses diverse assets for #ecotourism, cultural and heritage tourism, conference and #business tourism, leisure tourism and beach resort tourism. An estimated 24 million African families whose livelihood is linked to travel and tourism. Botswana🇧🇼 Kenya🇰🇪 Namibia🇳🇦 Tanzania🇹🇿 and South Africa🇿🇦 are #AfCFTA member countries Credit📸 The New Africa Channel #Serengeti #Tanzania #TraveltoAfrica #Investing #AfCFTA #Markets #Trade #GDP #Growth #GlobalTrade
Business Strategist | New Emerging Markets Development in Africa | Business Consulting
10moThere is much much more that #Africa had to offer the world within this industry. Security is a thorny issues hampering development of the industry in rich tourism destinations across the continent. Somalia boasts of the longest beach line with the most pristine beaches, the grand parks of DR Congo such as #virunga and #garamba and #fleuvecongo which in itself is a marvel. Africa is well poised to build a more impressive economy around tourism. Very insightful share Martin Camara. Hopefully we can be able to tap even half the potential the sector presents. #tourism #africantourism #africaneconomics #peaceforprosperity #afcfta