Ugandan Tourism industry hits Shs5.8 trillion in revenue

Uganda earned $1.6b (about Shs5.8 trillion) from tourism in the 2018/2019 financial year, making the sector the country’s leading foreign currency earner for the fifth year in a row, a report shows.

According to the Annual Tourism Sector Performance Report for Financial Year 2018/2019, the revenue rose from $1.45b (Shs5.3 trillion) in the 2017 financial year. The report indicates that a number of tourists last year reached 1,505,669, up from 1,402,409 in 2017.

The report says the sector accounted for 7.7 per cent of the national GDP and 6.7 per cent of total national employment after creating 667,600 jobs.

Prof Ephraim Kamuntu, the minister for Tourism, while launching the report in Kampala on Wednesday, attributed the improved performance to better marketing strategies.

“The improved performance is attributed to more marketing, participation and understanding of tourism. No other industry in this country can yield such high levels of income to the economy,” he said.

Prof Kamuntu said during the year under review, four domestic tourism promotion drives and 22 domestic events were supported. He also said 56 tour and travel companies were licensed while 2,066 accommodation facilities were registered. This was in addition to the about 300 tour companies, operators and guides that were registered.

Like Love Haha Wow Sad Angry


Leave a Reply

Your email address will not be published.

What do you think?

Written by Chiamaka Ekeh

4 Ghanaian scientists shine bright in world competition

Egypt’s Minister of Higher Education opens 2 new smart universities