CNBC Africa’s Post

Tourism Investment Trends in Africa Africa has seen a rise in tourism capital investment, with North and South Africa leading the charge. However, as West African countries turn their focus to tourism, it's crucial for stakeholders to support this shift. Challenges: Africa's share of global tourism receipts is declining. Average spending per tourist in Africa is significantly lower than the global average. Tourism needs to grow to boost the continent's GDP and trade relationships. Let's invest more in Africa's tourism sector to harness its full potential! #Tourism #Africa #Investment #EconomicGrowth #WestAfrica

[WATCH] TBCSA CEO Tshifhiwa Tshivhengwa shares insights from the Trevor Noah campaign as part of destination marketing of South Africa. Yes4Youth CEO Ravi Naidoo discusses the tourism sector's commitment to tackling unemployment. Tshifhiwa Tshivhengwa also highlights the positive impact of the TOMSA Collaborative Fund on the industry. Watch here: https://buff.ly/407tWA0 Engage and share thoughts in the comments. As a traveler from abroad or someone who interacts with travelers from abroad, do you think South Africa is marketed effectively to create interest among potential visitors? #TBCSA #Tourism #SouthAfrica #TourismMatters

🚨#FiZ_QuickTake 🚨 Hon Rodney Sikumba - MP, Minister of Tourism, shares his #QuickTake on the immense potential of the Afrisafe Congress in promoting Zambia's tourism. Full episode on YouTube [...link in the comments] HSENations #HealthyLifestyle #FinancialInsight #Get2Know

ETHIOPIA RANKED TOP DESTINATION FOR FOREIGN INVESTMENT IN EAST AFRICA ➡ Ethiopia has emerged as the top destination for foreign direct investment (FDI) in East Africa, securing $3.3 billion in 2023, according to the UN Trade and Development (UNCTAD) World Investment Report. ➡ The Ethiopian Investment Commission (EIC) reports $3 billion in FDI during the first ten months of the 2023/24 fiscal year. It also highlights Ethiopia's potential in the tourism sector, offering investment opportunities in infrastructure such as hotels, resorts, convention centers, and cultural villages. ➡ Airport expansion projects and connectivity improvements are making it easier for travelers to access various destinations. Major tourism projects recently launched by Ethiopian Prime Minister Abiy Ahmed in Gorgora, Wonchi, and Koisha invite further investment. 🌍 Eco-lodges are becoming popular, promoting sustainable tourism that minimizes environmental impact and engages local communities. By emphasizing conservation and community engagement, Ethiopia is promoting eco-conscious tourism that creates sustainable jobs. #voice4africa #ethiopia #tourism #investment ReThinking Africa Photo Credit: Mulugeta Wolde_unsplash

[WATCH] Tourism Business Council of South Africa, CEO Tshifhiwa Tshivhengwa gives a view on the white paper for the development and promotion of tourism in South Africa and its response to local and global industry shifts in an interview with Newzroom Afrika. The white paper addresses key areas, including technology, crisis management, sustainability, skills development, safety and security, and transformation. One of the proposals is the establishment of a special police unit to tackle crimes against tourists. Watch the full interview here: https://buff.ly/4eKILgc Tshivhengwa emphasizes, "If South Africa is safe, it will lead to more tourists coming into the country." What are your thoughts on these developments? Share your insights in the comments section. #TBCSA #Tourism #SouthAfrica #TourismMatters

Today, as we continue our site inspections following the conclusion of the Tourism Investment Forum Africa (TIFA) on April 12th, 2024, we have arrived at Cape Winelands Airport. A captivating byline caught my attention: "The Airport leaves the City, the City follows the Airport, the Airport becomes the city." I find this statement to be quite profound and believe that investors and governments across Africa should seriously consider its implications. #tourisminvestmentforumafrica #travel2sa #newflysaanigeria #southafrica @tourism_investment_forum_ @travel2sa @newflysaanigeria

Tourism drives major economic growth in several African countries. The Gambia leads with 49% of its exports from tourism, followed by Cabo Verde (48%), São Tomé and Príncipe (47%), Seychelles (38%), and Tanzania (22%). These highlight the vital role tourism plays in creating jobs, preserving culture, and showcasing Africa’s beauty to the world. #CrestAfrica #exploreafrica #DiscoverAfrica

The Ethiopian Embassy in Islamabad and the Bukhari Group are teaming up to highlight Ethiopia’s rich cultural heritage and eco-tourism projects during the upcoming Pakistan Travel Mart 2025. 🗺️ Key Highlights: Ethiopia’s “Dine for Sheger” initiative by PM Abiy Ahmed will feature tourism sites promoting eco-tourism and sustainable livelihoods. Ambassador Jemal Beker Abdula emphasized Ethiopia’s growing global appeal as a tourist destination. Ethiopian Airlines is bridging Pakistan and Africa under Pakistan’s Look Africa and Engage Africa Policy. 🤝 Collaborators: Sardar Mohammed Rafiq Khan, Chairman of Bukhari Group, committed to showcasing Ethiopia’s culture and tourism at PTM 2025. #traveltucker #traveltuckernews #ExploreEthiopia #PakistanTravelMart #PTM2025 #EthiopianAirlines #CulturalExchange

As part of its efforts to promote international tourist arrivals, #Ethiopia has focussed on restoration of key heritage sites across the country. #IndiaOutbound #IndiaOutboundMagazine Ministry of Tourism-Ethiopia AFD - Agence Française de Développement Ethiopia Convention Bureau https://lnkd.in/gMzjJjWU

The growing tourism sector in African countries is driving the need for automation, leading to a significant boost in the ICT market in both the GCC and Africa regions. Statistics South Africa reported a continuous increase in tourist arrivals in the country from 2021 to 2023. In December 2023 alone, South African ports welcomed 3.5 million travelers, surpassing the figures from November 2023 (2.6 million) and December 2022 (2.9 million). #Tourism #ICT #Africa #GCC #Automation #StatisticsSouthAfrica