Public Management

Tourism contributes to 8.5% of Africa’s GDP and is still on the rise (Report)

Tuesday, 11 July 2017 19:42

In Africa, 1 out of 14 jobs is in the tourism industry. This represent a total workforce of 21 million people. This was revealed in the United Nations Conference on Trade and Development (UNCTAD) Economic Development in Africa Report 2017, focused on “Tourism for transformative and inclusive growth".

According to the report, from 1995 to 2014, international tourist arrivals on the continent have increased by 6% yearly, while tourism revenues soared 9% per year. Tourism export revenues rose from $14 billion to $47 billion over the period. This brought tourism’s contribution to Africa’s gross domestic product (GDP) to 8.5%, the same source reports, adding an even more surprising figure: two of three tourists in Africa are…from Africa itself.

Though these figures are clear proof of Africa’s tourism sector, fact remains that it still has to overcome a number of challenges to fully bloom. Hence, in order to achieve the first ten-year implementation of Africa Union’s agenda 2063 aimed at doubling the contribution of tourism to Africa’s GDP, efforts are to be made in the areas of air transport, free circulation of persons, currency convertibility and most importantly in regards to the integration of the tourism industry in government-designed development plans.

Issues of security, peace should be granted a particular interest. The same stands for improving the continent’s image which is mostly known for its conflicts and diseases. In regards to outlook, the UNCTAD indicates that 11.7 million jobs will be created in the tourism sector by 2027. It should also improve the status of women in Africa since more than 30% of tourism companies across the continent are headed by a woman, thus the highest percentage worldwide. This is one of the reasons that led Mukhisa Kituyi, secretary general of UNCTAD, to say: “Tourism is a dynamic sector with phenomenal potential in Africa. Properly managed it can contribute immensely to diversification and inclusion for vulnerable communities”.

Aaron Akinocho

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
CEMAC non-performing loans fall to 16.0% in 2025, BEAC says Lending rises 10.7% despite tighter liquidity and higher borrowing costs Growth,...
Investec secures $200 million IFC loan for green housing finance Funds to support eco-buildings, affordable green home loans in South...
“Keur Samba” securitization bonds begin trading on the BRVM Operation backed by NSIA Banque CI and Orabank CI totals CFA52 billion Move aims...
Witti Finances Holding acquired a majority stake in Kajas Microfinance, entering the Senegalese market. The firm rebranded the entity as Witti...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
03

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
04

M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...

In Africa, Banks Face a New Rival: Telecom Operators
05

This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...

Weekly Health Update | Africa Faces Health Supply Risks; DRC Ends Mpox Emergency
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.