Browsing: Least Developed Countries (LDCs)

2022 has been a significant year that has marked the robust revival of Africa’s tourism industry which was almost gobbled up in the throes of the Covid-19 pandemic. According to the World Travel and Tourism Council latest Economic Impact Report (EIR), the African Travel and Tourism sector’s GDP is estimated to grow at an average rate of 6.8 percent annually between 2022 and 2032, creating 14 million new jobs. Furthermore, the sector’s contribution to GDP is expected to grow 20.5 percent to $144B by the end of 2022, amounting to 5.1 percent of the total economic GDP.

Moreover, employment in the sector is set to grow by 3.1 percent this year, to reach nearly 22 million jobs. The continent boasts of a thriving tourism industry, which has steered economic development, birthing robust tourist economies that enjoy an influx of visitors. However, as much as most countries have managed to harness…