Ethiopia aims to recover the dynamics of the tourism industry before the end of October, despite the growth of the COVID-19 cases in the country, where there are more than 80,000 registered infections so far.
Since last March, almost all hotels, tour operators, and facilities have stopped their services, a closure that caused the loss of a third of the sector’s average annual income during the 2019-2020 fiscal period, which ended on July 7th.
During this cycle, according to official reports, some 541,000 tourists visited the territory and this economic activity generated approximately $2.71 million.
Read more about the tourism sector in Ethiopia with our companion app. The Born2Invest business news application will bring you the latest, breaking news from a trusted global network of journalists. Updated throughout the day, Born2Invest is a professionally curated digest of business, finance, and crypto news summaries from the most reputable news organizations around the world.
The Government grants low-interest loans to help the economy stay afloat during this difficult period
To help alleviate the challenges of the epidemiological situation, the government granted low-interest loans and promoted other incentives, Tourism General Director Sileshi Girma told local media.
However, he added, he decided to reopen the industry because extending the downtime would further damage it and affect the overall national economy. ”We will reopen based on the protocol established to help contain the spread of the coronavirus,” Girma said.
”It is essential,” he stressed, ”to protect the safety of travelers, so we are conducting training to ensure compliance with the required health measures.”
In his opinion, the inauguration of several destinations will make 2021 a good year for the sector, whose reopening requires the certification of the World Travel and Tourism Council to countries with standardized hygiene practices at a global level.
The number of COVID-19 infections is still on a growing trend in the country
The purpose of getting ready to receive tourists in mass, contrasts with the growth of respiratory ailments in the fourth nation in Africa and 52 in the world with the most detected infections.
Ethiopia has reached 80,003 infected people and according to data from Worldometer, a website that provides estimates and statistics in real time, it is also the second country with the most active cases and the third with the largest number of critical patients among African countries.
Although the number of infections is not growing by a thousand as it did in August and the number of patients identified is small compared to the clinical samples analyzed, the average daily increase is still considerable (618 last Monday, 566 the day before, for example).
So far, moreover, there are barely 1,321,910 documented laboratory tests in a state with at least 109.2 million inhabitants, according to estimates for 2018, or more than 113,166,000 citizens, according to recent surveys.
The coronavirus pandemic has hit every single country in the world, and Africa is no exception. Economies are struggling to stay afloat and governments are now trying to find a solution to revive the economic sector. Ethiopia is one of the African countries most affected by COVID-19 pandemic.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Prensa Latina, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
A Company from Lublin Planted Hemp in the Middle of a Housing Estate
Hemp will appear on one of the fields at Jantarowa Street in the southern part of Węglin. A popular farmer...
Which Italian City Has the Most Million-Dollar Real Estate Purchases and Sales?
Buying and selling over $1.07 million (€1 million) analyzed by Reopla is concentrated mainly in 5 regions: leading the way...
Laminar Pharma Seeks €30 Million to Quell Glioblastoma
Of the total amount that Laminar Pharma estimates it needs, $10.7 million (€10 million) correspond to bank financing already agreed...
Fashion Company Blowhammer’s Campaign Started on Mamacrowd
Blowhammer is a clothing brand founded in 2013 in the province of Naples thanks to Salvatore Sinigaglia. The goals the...
The Fintech Company Smava Reports Earnings Figures for the First Time
Smava is one of those fintech companies whose long-term potential is very difficult to estimate - even for investors. Should...
Cannabis2 weeks ago
German Health Minister Wants to Speed Up Cannabis Legalization Process
Biotech2 weeks ago
Covid-19 Vaccine Producers Boost Profits by 23.1% in the First Quarter
Africa2 weeks ago
The Pressure on Household Spending in Morocco Remains Strong
Featured2 weeks ago
Extremadura Seeks a Sustainable and Balanced Development of Renewable Energies