Tourism becomes Tanzania’s number one foreign exchange source

BANK OF TANZANIA ANNOUNCES RECORD TOURISM EARNINGS

(Posted 18th August 2014)

Information from the Bank of Tanzania confirms that the country earned nearly two billion US Dollars from tourism receipts in the year between July 2013 and June 2014. The figure of 1.973 billion is contained in the monthly BoT publication ‘Monthly Economic Review’ which the Central Bank publishes with updates on Tanzania’s economic performance data and related information.

This constitutes an increase from the previous year of nearly 12.3 percent, which makes the tourism industry the largest foreign exchange earner after gold incomes fell significantly as a result of lower world prices for the commodity.

The details were released as Tanzania’s tourism industry prepares for the inaugural Swahili Tourism Trade Fair in Dar es Salaam, which is due to take place between the 01st and 04th of October at the Mlimani City Conference Centre. The Tanzania Tourist Board alongside the private sector will at the trade fair showcase the country’s wide range of tourism attractions, from the islands of Mafia over Unguja and Pemba to the national parks and game reserves on the mainland. For more information click on www.tanzaniatouristboard.com or www.tanzaniaparks.com