By leveraging its strategic location on the Horn of Africa and as a gateway to key landlocked countries such as Ethiopia, Djibouti is well-positioned to act as a nexus of trade between Africa, Asia and the Middle East. The government's Djibouti Vision 2035 strategy outlines key initiatives to attract foreign direct investment, boost social and human capital development, improve private sector enga
Tourism in Djibouti is an essential component of the country's economic diversification push, with the goal of attracting 500,000 visitors by 2035 set to make the sector a key source of economic growth and employment going forward. With the introduction of new airports and routes, there has been a significant increase in international arrivals. Major hotel projects have attracted investment and catered…
Nigeria’s GDP growth decelerated in 2022 amid global headwinds, including elevated commodity prices and soaring inflation resulting from Russia’s invasion of Ukraine. The IMF’s GDP growth projection of 3.2% for 2023 is in recognition of the measures Nigeria has undertaken to boost oil production. Nevertheless, the country’s medium-term economic plan, the National Development Plan (NDP) 202
– Faith-based travel generates significant tourism revenue in key markets – MENA countries are developing transport and cultural offerings to improve capacity – Religious events represent key drivers of arrivals to some regions – Technology can help improve connectivity and access to faith-based offerings With many emerging markets diversifying their tourism offerings,…
– Global tourism figures are recovering but remain below 2019 levels in most regions – Support for smaller firms and local content is expanding tourism offerings – Markets in the Middle East target the sector as path to economic diversification – Regenerative tourism supports both revenue- and emissions-focused targets As emerging markets develop new attractions and tap…
Interview:Siandou Fofana What concrete steps should be taken to position Côte d’Ivoire as a leading tourist destination? SIANDOU FOFANA: Côte d’Ivoire’s ambition is to make the country one of the top-five destinations in Africa and to increase tourism’s contribution to GDP from 7.3% in 2019 to 10% by 2025. To that end, the government is committed to bringing in a total of 4.2m visitors…
Promoting domestic tourism was identified as a key area of potential growth for Côte d’Ivoire’s tourism sector when the government first launched Sublime Côte d’Ivoire in 2018 and has since become an even more pressing priority. Travel restrictions imposed due to the Covid-19 pandemic have kept international visitors away. Hotel room occupancy at iconic tourist resorts averages less than 40%,…
The global tourism industry faces numerous challenges when it comes to decarbonisation, as highlighted by a November 2021 report from the World Travel & Tourism Council (WTTC), in collaboration with the UN Environment Programme and multinational consulting firm Accenture. In the years prior to the pandemic the sector thrived, recording its 10th consecutive year of growth in 2019. Moreover, with…
Côte d’Ivoire aims to establish tourism as the third pillar of its economy with a target of attracting 5m foreign tourists per year and creating 700,000 jobs in the sector by 2025. These targets seek to build on the substantial gains the sector has made since the political and security situation stabilised in 2012. In the subsequent years tourism grew steadily, with international tourist arrivals…
A dynamic, diverse and rapidly growing country, Côte d’Ivoire is one of the largest economies in West Africa, with a promising growth outlook and favourable demographic prospects. Economic growth is expected to continue following robust recovery from the Covid-19 pandemic, with a projected growth rate of 6% for 2022. However, the global inflationary environment, the geopolitical uncertainty cau
