The Egyptian government is expecting between $6 billion and $7 billion in tourism revenues this year. In an interview with Reuters, the Vice Minister of Tourism Ghada Shalaby said this estimate is the result of an envisaged recovery in the sector after the pandemic.
For 2021, the number of arrivals is forecasted to be 60% of that in 2019. A good recovery trend fostered by a reduction of Covid-19 travel restrictions. Following the implementation of its vaccination campaign and the improvement of relations with its partners, Egypt is now ready for a gradual recovery of its tourism industry.
In that wake, Russia recently announced the soon resumption of direct flights between Moscow and Cairo. This should help achieve the Egyptian government’s ambition of attracting more than one million Russian tourists during the rest of 2021. In addition, the announcement in January of the discovery of archaeological "treasures" should create a new craze for tourism in Egypt.
As a reminder, due to the pandemic and the related restriction measures, Egypt has suffered a sharp decline in tourism revenues. As well, the number of tourists fell from 13.1 million in 2019 to 3.5 million in 2020, making revenues decline by 70% in 2020. The sector contributes an average of 15% to the country’s GDP.
Carine Sossoukpè (intern)
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...
Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...
Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...
Government plans to buy 123,000 tons of unsold cocoa to calm the market Exporters struggle to meet contracts after a sharp fall in cocoa...
South Africa to raise public officials’ salaries by 3.8-4.1% from April Increases come amid fiscal constraints and modest economic...
Congo sets presidential election for March 15, 2026, officials say Denis Sassou N’Guesso nominated by ruling party; opposition candidates...
Italian group expands footprint through acquisitions and new plants since 2024 Planned Metal Crowns takeover would strengthen East Africa...
Ambohimanga is a hill located about twenty kilometres northeast of Antananarivo, in Madagascar’s Central Highlands. It holds a central place in the...
Bamako hosted the first International Festival of African Documentary (FIDAB) from January 16 to 18, 2026, screening 12 African films. UNESCO...