The government of Tanzania unveiled plans to revamp its tourism industry in a post-Covid-19 period. TSh90.2 billion ($39.2 million) will be set aside for this project.
Tourism Minister Damas Ndumbaro said the money will be drawn from the $567.25 million provided by the International Monetary Fund (IMF) to help the country get out of the Covid-19 Pandemic. Overall, 23 projects will be implemented in five tourism segments. TSh23.4 billion will be used to rehabilitate 5,875 km of roads in ten localities and protected forests to make tourist sites more accessible. TSh1 billion will go for the installation of electronic vehicle monitoring systems.
The government also plans to invest TSh13.3 billion in repairing seven cultural heritage centers, building a tourist information center in Burigi Reserve, building a digital reporting center, and holding two international exhibitions to boost marketing. TSh3 billion will be used to renovate some of the country's airports (Serengeti, Nyerere, Tarangire, Mkomazi, Saadan, and Katavi) and TSh1.8 billion will be used to boost tourism trade.
The strategy is expected to be a lever for an economic upswing after the harsh times that came with the pandemic. Tourism is Tanzania’s main source of foreign currency. The Tanzanian economy has often hovered around 7% over the past ten years but the pandemic has caused it to fall to 4.8% in 2020 (IMF data). Authorities hope the economy will get back on track in the next few years.
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
African airlines increased passenger traffic 11.7% year-on-year in January 2026, among the strongest growth rates globally. Airlines increased capacity...
The government ordered the creation of a joint expert commission to tighten environmental oversight in the mining sector. Authorities identified...
Regideso plans to build a bottled water plant in Kinshasa, with construction potentially starting within three to four months. The utility will deploy...
Nigeria approved the implementation of a geolocation-based alphanumeric digital postal code system to improve address accuracy nationwide. The...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...
In April 2026, the Amani Festival will change venues. Forced to leave Goma for Lubumbashi due to growing insecurity, the event turns displacement into an...