Tourism sector one of biggest contributors to Mozambique’s economy in 2011

24 May 2012

Tourism was one of the biggest contributors to the Mozambican economy in 2011 with revenues of US$231 million, or 17.1 percent more than in 2010, the country’s Tourism Minister said in Mocímboa da Praia, Cabo Delgado province this week.

Cited by daily newspaper Notícias, the minister said that the value of tourist revenues, based on figures provided by the central bank did not include informal revenues from purchases by foreign visitors.

Speaking at the opening of the 9th coordinating council of the Tourism Ministry the Minister said that tourism was the same as other export goods and products, and reasoned that the difference was that some had to leave the country to bring in revenues but that tourism managed to do the same thing with having to leave Mozambique.

Notícias added that even taking into account that investment in the sector has remained stable, in 2011 there was a drop in the number and value of projects approved for hotels and travel agencies, and investment totalled US$540 million as compared to US$740 million the previous year.

“This reduction seen in 2011 was due to a smaller number of large projects that were approved in comparison to previous years,” the Tourism Minister said.

The sector employs 42,000 workers, which in Fernando Sumbana’s opinion is a large contribution to the social and economic stability of the places where the investments are made. (macauhub)