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Economy
Kenya Cuts Safari Fees To Revive Tourism
The sector is the East African nation’s third-biggest foreign-exchange earner after remittances and agricultural exports.
IMF Approves $14.3 Million Debt Relief to Cushion Tanzania’s Economy
“The pandemic has weakened near-term macroeconomic prospects for Tanzania,” the IMF said.
Tanzania’s Economic Growth To Fall By 2.5%, World Bank Says
It said the east African country’s economy would also be hurt by a decline in export demand, supply chain disruptions for domestic manufacturers and weak domestic consumption.
Uganda to Lose At least $1.6 Billion In Tourism Earnings
The International Monetary Fund said last month that Uganda’s tourism earnings were expected to fall 54% in the 2019/20 (July-June) fiscal year, and decline 52% in the next year.