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AFRICA MICRO

KEY SECTOR TRENDS AND OUTLOOK

large source of employment. Unfortunately, the tourist sector in most African nations is woefully inadequate and the infrastructure is very poor. In many countries there is a dearth of four and five star hotels and luxury resorts. The highest ranking African country in the 2009 World Economic Forum’s Travel and Tourism Competitiveness Survey was Mauritius which was ranked 40 of 133 countries. Tunisia was ranked 44, South Africa was 61 and Egypt was 64. Egypt is the largest tourist destination with 14.051 million arrivals in 2010 which earned the country $12.528 billion. Morocco was second with 9.288 million arrivals and earnings of $6.720 billion, followed by South Africa with 8.074 million arrivals and revenues of $9.070 billion and Tunisia had 6.902 million arrivals which brought in $2.654 billion. Some African countries barely show up on the radar screen, despite having major tourist attractions. Madagascar with its unique wild life and rainforests, and one of the most bio-diverse countries in the world, attracted just 196,000 tourists in 2010 and Angola had 425,000. Past political instability in some African countries may have colored perceptions of the continent as a tourist destination. Given Africa’s close proximity to Europe, its unique wildlife, nature reserves, rain forests and its stunning beaches and scenery, it should be a mecca for eco-tourists.

Joab’s Technologies and Research, Natu Court Flat B.

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Equity Research in Africa, Like an Electric Train Africa is picking up, a True Emerging Market  

Economic analysis of Africa as a whole, as well as of particular countries and sectors, with special regard to their potential as investment...

Equity Research in Africa, Like an Electric Train Africa is picking up, a True Emerging Market  

Economic analysis of Africa as a whole, as well as of particular countries and sectors, with special regard to their potential as investment...

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