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Africa: Travel, Tourism in Africa Could Boost Continent's Economy By $168 Billion

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The African sector is expected to grow 6.5 per cent per year over the next decade; travel & tourism could contribute $350 billion to the regional economy.

, revealed that the African Travel & Tourism sector could add $168 billion to the continent's economy and create over 18 million new jobs.

Travel & Tourism is a powerhouse sector in Africa, with a contribution of more than $186 billion to the region's economy in 2019, welcoming 84 million international travellers. "Growth potential for Travel & Tourism in Africa is massive. It has already more than doubled since 2000, and with the right policies could unlock an additional US$168 billion in the next decade.

"Having established our presence in Africa since 2005 we are today the trusted partner of 38 governments who we serve across 55 cities in 35 countries in Africa. VFS Global recognises the tremendous potential of Africa and remains deeply committed to supporting the continuing development of travel and tourism to and from the continent.

Source: Financial Digest (financialdigest.net)

 

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