Increased jobs through SSA Tourism- World Bank

Sub-Saharan Africa is among the world’s fastest growing industry as the continent attracts hotel investments to help the foreign visitors and African travelers with rising incomes according to the World Bank.

The sector is expected to employ about 6.7 million Africans by 2021 and also the returns on such investments are among the highest in the world - said by the Washington based lender in a mail statement today.

It also said further that the Sub-Saharan Africa is at the top than other regions in tourism growth. “ Global hotel chains are expanding across Africa, identifying the investment potential and also investing millions of dollars in new projects over the next few years.”

According to World Bank some of the African countries like Cape Verde, Kenya, Mauritius, Namibia, Rwanda, South Africa and Tanzania have adopted tourism policies for their growth and are creating strong investment platform. The economic growth in the sub-saharan africa is predicted to expand at an average of 5.6 percent this year when compared to 1.2% in advance economies - according to IMF.

Increased growth can be achieved by doing required improvements in the sub-saharan Africa’s electricity supplies, infrastructure and transportation - according to a statement said by Makhtar Diop, the bank’s vice president for africa.

Companies like Marriott International Inc., Hilton Worldwide Inc., Starwood Hotels & Resorts Worldwide Inc. and Kempinski AG are planning to expand more hotels in Africa.