Subscribe
Latest news about Africa
  • Login
No Result
View All Result
  • Home
  • Crypto News
  • Finance
  • Security News
  • Artificial Intelligence
  • Diaspora Voice
  • About us
  • Home
  • Crypto News
  • Finance
  • Security News
  • Artificial Intelligence
  • Diaspora Voice
  • About us
No Result
View All Result
Latest news about Africa
No Result
View All Result
Home Economy

This is How Uganda Is Boosting Its Economy With Tourism

Uganda just recorded a 56% boost in the rate of international tourist which leads to rise in earnings.

Olamide Ayeni by Olamide Ayeni
March 29, 2024
in Economy, World
4 1
0
This is How Uganda Is Boosting Its Economy With Tourism
10
SHARES
878
VIEWS
Share on FacebookShare on Twitter

Uganda has laid a precedent for other African countries as it recorded a reach of over one billion dollars ($1.025 billion) in the previous year according to the 2024 Tourism and Trends Statistics report.

This is a major recovery after the East African country experienced a major decline in the industry post-Covid as the number of international tourists declined by eighty per cent in 2020 and sixty per cent in 2021.

In 2023, Uganda’s tourism sector recorded over fifty-six (56%) per cent growth and surpassed over one million (1.2 million) visitors, the best since COVID.

This boost represents over eighty-three (83.4%) per cent of the one billion, six hundred thousand dollars ($1.6 billion) recorded in 2019.

With this report, it’s safe to say Ugadan has expanded its marketing efforts in the tourism industry, thereby diversifying the economy for a better result.

Tourism continues to hold paramount importance for Uganda, making a substantial contribution of over four per cent (4.7%) to the country’s Gross Domestic Product (GDP)  With the boost in the industry, the GDP of the East African country increases.

Other African countries with tourist attractions should take a queue from Uganda’s relentless effort to ensure that the contribution to the national economy is not from a single source.

Also Read: Ugandan President Museveni Makes Son Army Chief

Here’s How Uganda Improved Its Tourism Industry To Cause Economy Boost

Denis Ojok, a Senior Statistician at Uganda’s Ministry of Tourism, Wildlife, and Antiquities, highlighted and praised the growth trend in international tourism.

He highlighted a substantial increase, with international tourist arrivals rising from around eight hundred thousand (800,000) in 2022 to one million in 2023, showcasing a positive trajectory in the tourism sector.

A major contributor to the massive growth is the collaboration between the aviation industry and the tourism industry.

Uganda Airlines played a pivotal role in boosting the acceptability of the nation’s tourism, expanding its African network with new routes. This means Uganda Airlines started plying new routes, which opens the door of the nation to more international tourists.

Despite facing challenges, Kenya, Rwanda, and South Sudan retained their positions as Uganda’s largest African source markets, collectively contributing 80 per cent of all arrivals on the continent in 2023.

When industries can collaborate within a nation, the economy gets boosted and Ugadndan has proven the strength of collaboration and unity.

Earlier in the previous year, the government announced reducing the tourism budget from Ush194.6 billion ($52 million) in the previous financial year to only Ush89.29 billion ($24 million) for 2023/2024.

Despite causing a lot of uproar in the country, Government technocrats and private sector players ensured there was more than enough funding to transform the tourism industry.

The transformation was carried out by upgrading, maintaining and redeveloping tourism sites, participating in international meetings and exhibitions, reviewing and implementing the national tourism marketing strategy, and developing new sites and products.

Once the transformation was implemented, the tourism industry took a whole new turn, thereby contributing largely to the nation’s GDP.

Another noteworthy contributor to the growth is the significant surge in domestic tourism, marked by over twenty-five per cent (25.3%) rise in Ugandan citizens visiting national parks and recreational centres.

This upward trend is indicative of a growing interest and engagement of residents in exploring their country’s natural and cultural attractions.

Additionally, the tourism sector serves as a significant employer, directly or indirectly supporting over 620,000 individuals across various related industries and services.

When the employment rate increases, the nation’s economy appreciates as citizens will be able to pay their taxes and run small-scale businesses.

If the current growth trend persists, Uganda’s tourism revenues are poised to surpass pre-pandemic levels by the end of 2024.

This will have a major impact on the nation’s GDP and inspire other African countries to invest in their tourism sector.

Tags: TourismUganda

Be sure to turn on notifications to stay connected with us

Unsubscribe
Olamide Ayeni

Olamide Ayeni

Olamide Ayeni is a seasoned writer with experience in the Digital Marketing Industry as well as several other brands.

Related Posts

Philip Costa Poised to Light Up Nigeria with Major Solar Energy Project

Philip Costa Poised to Light Up Nigeria with Major Solar Energy Project

by Damilare Famuyiwa
April 19, 2025
0

Renewable energy advocate, Philip Costa is on a mission to power Nigeria’s future—one solar panel at a time. Through his...

Top 5 Worst Cities To Live In Africa

Top 5 Worst Cities To Live In Africa

by Adeluola Abiola
May 31, 2024
0

Africa is a continent renowned for its extraordinary range of diversity, and its cities serve as a true testament to...

Here’s A List Of Crimes Donald Trump Is Convicted Of

Here’s A List Of Crimes Donald Trump Is Convicted Of

by Adeluola Abiola
May 31, 2024
0

Donald Trump, the former US president, has made history by being the first to be convicted of a crime. A...

Sunak Says Going To University Doesn’t Guarantee Success

Sunak Says Going To University Doesn’t Guarantee Success

by Adeluola Abiola
May 30, 2024
0

United Kingdom’s Prime Minister Rishi Sunak has revealed that attending university does not ensure success. The politician made this revelation...

Chinese, Canadian Immigrants Surpasses Nigerians In US

Chinese, Canadian Immigrants Surpasses Nigerians In US

by Adeluola Abiola
May 29, 2024
0

China and Canadian immigrants have surpassed the number of Nigerians in the United States which is home to over 46...

Here're Countries Giving Permanent Residency To African Students

Here’re Countries Giving Permanent Residency To African Students

by Adeluola Abiola
May 28, 2024
0

Looking for countries giving permanent residency to African students? Many African and other foreign students aspire to establish roots in...

Next Post
Jacob Zuma: See Rise And Fall Of A 24-Year Political Career

Jacob Zuma: See Rise And Fall Of A 24-Year Political Career

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Philip Costa Poised to Light Up Nigeria with Major Solar Energy Project
  • Tinubu to Host National Honours Award, Celebrating Excellence Across Nigeria
  • Edo Election Tribunal: INEC Fails To Call Witnesses Despite Being Subpoenaed
  • Tinubu Appoints Ganduje as FAAN Chairman, Names 41 Others To Key Positions
  • Historic Moment In US As Donald Trump Becomes 47th President

Recent Comments

  1. Mo Abudu Wins Forbes' Bizwoman Of The Year - Tech News Inside Africa on These Women Screams Inclusion In Nigeria’s Oil And Gas Industry
  2. Dereli / Giresun Kurumsal on Can Oduwacoin Be The First Altcoin With Its Own Blockchain To Break Out Of Africa?
  3. ทดลอง สล็อต xo เครดิตฟรี on From California’s South Central to Stardom: Ming -the Rising Artist to Watch-out For Next Year
  4. Sigorta on Can Oduwacoin Be The First Altcoin With Its Own Blockchain To Break Out Of Africa?
  5. googletest on Ronaldo Sued $1bn For Influencing Binance

Archives

  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • November 2024
  • October 2024
  • September 2024
  • July 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023

Categories

  • Artificial Intelligence
  • Business
  • Crypto News
  • Diaspora Voice
  • Economy
  • Entertainment
  • Finance
  • News
  • Politics
  • Real Estate
  • Security News
  • Sports
  • Spotlight
  • Tech
  • Tech News
  • uncategorized news
  • World

Category

  • Artificial Intelligence
  • Business
  • Crypto News
  • Diaspora Voice
  • Economy
  • Entertainment
  • Finance
  • News
  • Politics
  • Real Estate
  • Security News
  • Sports
  • Spotlight
  • Tech
  • Tech News
  • uncategorized news
  • World

Site Links

  • Login
  • Register
  • About us
  • Advertise with us
  • Contact-us
  • Fintech Telex
  • Guest Post
  • OduwaPay
  • Privacy Policy

© 2023 FinTech Telex. All Rights Reserved. Diaspora Network

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
No Result
View All Result
  • Home
  • Crypto News
  • Finance
  • Security News
  • Artificial Intelligence
  • Diaspora Voice
  • About us

© 2023 FinTech Telex. All Rights Reserved. Diaspora Network