Browsing: Tourism

gold

Gold Price to Hit Record $2,200 Before 2020 Ends? | The Motley Fool

 

Tanzania has earned a record $3 billion from gold sales as price for the precious metal soars in the world market.

Publicized by the Bank of Tanzania, the value of gold exports clocked $3.025 billion in the year ending March 31, 2021, a considerable jump from $2.324 billion that was earned last year.

In fact, gold is doing so well that it has become the country’s top foreign exchange earner, and even overtaken tourism.

Gold prices have been edging up since the corona outbreak last year owing to jittery investors fearing a collapse of other currencies (including the dollar) and opting to store their value in gold.

“As financial markets were hit by the pandemic, investors rushed for gold which they consider as one of the safe haven assets,” report local media.

Consider this, gold represented more than half (55.9 percent) of the value brought home from sell of …

East Africa Community (EAC) the Partner States are estimated to have lost international tourism receipts to the tune of  $ 4.8 Billion in the year 2020, following the Covid-19 pandemic.

This follows a study by the East African Business Council (EABC) with the support of the African Economic Research Consortium (AERC) and Bill and Melinda Gates Foundation: aimed at assessing the impact of COVID-19 on the tourism and hospitality industry and policy options to protect sector players from COVID-19 disruptions and future pandemics.

Tourism is one of the largest foreign exchange earners and fastest-growing sectors in the East African Community (EAC). According to the EAC Secretariat, tourist arrivals in the EAC region increased from 3.5 million persons in 2006 to about 7 million in 2019. Tourism contributed to the Gross Domestic Product (GDP) of the EAC Partner States by an average of 9.5% in 2019. It contributed an average …

gen2

Tourism and education sectors are the prime areas that the government of Rwanda is looking forward to develop through cooperation with the government of Seychelles , this is according to the newly accredited high commissioner of Rwanda to the Island nation.

Major General Charles Karamba presented his credentials to President Wavel Ramkalawan at State House in the capital city of Victoria.

Speaking today April 27, Charles Karamba said that the two countries enjoy an excellent good relations adding that Rwandan President Paul Kagame was amongst the first to congratulate Seychelles’ head of state when he assumed power six months ago.

The high commissioner who was speaking to the media said that among other key areas of co-operation Tourism was the top most Agenda between the two African Nations.

“Seychelles is highly developed in the tourism industry. Rwanda is doing a great job. There is a lot that we need to …

The African Union has lauded Kenya’s move to to adopt the Africa CDC Trusted Travel platform for Managing travels through the Covid -19 Pandemic.

This follows the announcement by Health Cabinet Secretary Mutahi Kagwe of the adoption of the platform, making Kenya the first country to take it up.

“The ministry has collaborated with the African Union and Africa CDC, with technical support from PanaBios to implement an online system to authenticate and verify laboratory test certificates for travelers,”  Kagwe noted.

The move is set to ease movement of people by  simplifying verification of public health documentation of travelers during entry and exit across borders.

Also read: Emerging trends in Air Travel industry 

The portal’s key features include information about the latest travel restrictions, and entry requirements, a database of authorized laboratories and vaccination compliance information, as well as Africa CDC mutual recognition protocol for Covid-19 testing and test results …

serengeti simba lodge trip advisor

The Kilimanjaro mountain scape, Serengeti fascinating landscape, the Ngorongoro conservation magical experience and the spice island exuberant moments in Zanzibar are just a few joyous tourist experiences, one can acquire in real-time when visiting Tanzania.

Nevertheless, this magnificent reality is a product of hard labour and constant update of policies, laws and modus operandi of the tourism industry in Tanzania.

However, over the past couple of years, the competition has spiced up pretty hard and other players are coming into the fold, naming two: Rwanda with its stunning hills scenery—investing millions of dollars to brand their industry (Visit Rwanda) and Uganda’s game viewing.

To say the least, Tanzania has competitors across the East African Community, and it is great—in the name of developing healthy economic pillars, which are driven by sustainable mechanisms to preserve natural resources and unify our regional economies.

The Tanzanian tourism sector contributes nearly 17.5 per cent …

Egypt tourism revenue fell by $4 billion in 2020

Egypt’s tourism revenues fell by 67.2% due to COVID-19 in 2020 after recording $13 billion in 2019 when Egypt received 13 million international tourists; in 2020 it received 9.5 million. 

Egypt’s Tourism and Antiquities minister Khaled Al-Anani said, “We witnessed a great year in 2019 in terms of numbers and revenues, and the first two months in 2020 were 8% higher, with 2.4 million tourists. The goal now is not to measure the number of tourists, but to say Egypt is a safe tourist destination even amid the coronavirus crisis.” 

He added that a total of 65% of tourists in 2020 did so in January and February.  

 

 

With the outbreak in March, Egypt closed its hotels but reopened them after two months with about 25% maximum occupancy later increasing it to 50%

Zanzibar's presidency

The Tanzanian central bank (Bank of Tanzania – BoT) published a detailed economic bulletin for the quarter ending September 2020, which showed Zanzibar’s economy taking a nosedive contracting by 2 per cent compared to a growth rate of 5.2 per cent in the corresponding quarter in 2019.

Zanzibar—the semi-autonomous region of Tanzania, is taking various measures to enhance economic and trade liberalization that can pave a smooth way for the private sector to get engaged in the local, regional and international arena.…

south africa allows travel from international visitors

The South African government last week announced a resumption in international visitors to the country amid a COVID- 19 infection reality. 

Earlier this year, South Africa, like many other countries, shut itself out from the world to control the spread of COVID within its borders. It immediately implemented local lockdowns which have been gradually lifted in different phases. 

Authorities had initially indicated that international borders were billed to be opened in February 2021. The country has, however, given the green light to international visitors in order to stimulate a faltering tourism sector.

Initially, borders were opened on October 1 but excluded visitors from many countries that were classified as high risk. 

Last week, the government updated its travel restrictions alert, opening up entry to all countries.

The opening up of borders is aimed at arousing the tourism sector in South Africa which contributes significantly to GDP. It has been

Havercroft is the Regional Director for Africa of international hotel group Minor Hotels.

The hospitality and tourism industry

The hospitality and tourism industry in sub-Saharan Africa must adopt a new “adapt and innovate” modus operandi to meet the challenges produced by the COVID-19 pandemic if it is to help prevent further contraction of severely impacted economies in the region, says Mark Havercroft, Regional Director Africa for the International hotel group Minor Hotels.

While the opening of international borders by several African countries is extremely positive news for ailing travel and hospital sectors in sub-Saharan Africa – and for economies as a whole, this may not, in and of itself, be sufficient to resuscitate the industry in the wake of the havoc wreaked by the COVID-19 lockdowns.

Not only are many of the international tourists who operators are relying on to return quickly still locked down in their own countries, but even if they’re not, there are still very high levels of insecurity around …

ELEPHANT

The elephant population in Tanzania has increased from 43,330 in 2014 to over 60,000 this year. The government attributes the increase to crackdown on poaching syndicates.

A key figure in the poaching and black market trade of ivory, was arrested denting the industry greatly. Christened, the “Ivory Queen” Yang Fenglan, a prominent Chinese businesswoman was last year sentenced to at least 15 years in prison.

However, by time of her arrest, it is estimated she alone was responsible for the smuggling numerous tones of ivory to China. Yang was tried and found guilty of operating one of Africa’s biggest ivory-smuggling rings. By the of her arrest, she is said to have been responsible for smuggling ivory worth over USD2.5m. That value is estimated to have been derived from the slaughter of almost 400 elephants.

Following her arrest, activists suffered a great lose with the murder of Roger Gower in 2016. …