
Ethiopia, a fast-growing African economy, aims to triple foreign travelers’
visits in the next 5 years to more than 2.5 million Expansion of infrastructure, services and
agricultural sectors in the capital of Addis Ababa is expected to bring as much
as an economic growth rate of 11% for the next five years. Ethiopia, in…
Ethiopia, a fast-growing African economy, aims to triple foreign
travelers’ visits in the next 5 years to more than 2.5 million
Expansion of infrastructure, services and agricultural sectors in the
capital of Addis Ababa is expected to bring as much as an economic growth rate
of 11% for the next five years.
Ethiopia, in the Horn of Africa, is split by the Great Rift Valley and
is considered to be a place of ancient cultures, hosting archaeological finds
that date back more than 3 million years.
Visitor numbers increased with 10% for every year of the last decade and
officials target to boost country’s economy by tripling tourists numbers to
more than 2.5 million, as Culture and Tourism Minister Amin Abdulkadir declares
in Reuters interview:
“There is a lot of demand in terms of bookings and investment plans. Our
target is to receive more than 2.5 million in five years time.
“This sector will generate foreign direct investment and foreign
currency and create job opportunities, as well as contribute to image-building.
“We are a peaceful and stable country. Plus, we have the right policies
and strategies. It will not be long before we reach the levels of our
neighbors.”
Big hotel chains such as Hilton
Worldwide Holdings signed new management deals to open hotels in Ethiopia.
Sheraton, Radisson and Golden Tulip are already operating here, while US Best
Western International Inc, France’s AccorHotels and Ramada are also working on
new projects to extend their services in Ethiopian land.
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