Tanzania’s tourism business is gradually recovering from job losses due to the COVID-19 pandemic, which impacted travel and other economic activity globally. Tanzania’s tourism industry earned $2.6 billion in foreign currency in 2019.
Tourism was also helping to establish jobs until the pandemic turned the tables on commercial and public players, resulting in significant economic losses. According to the Bank of Tanzania (BoT), several enterprises were compelled to close their doors, resulting in the loss of hundreds of jobs.
During the epidemic, gold mining surpassed tourism as the country’s largest foreign exchange earner, as the precious metal’s value skyrocketed. Tanzania’s Controller and Auditor General (CAG) recently released a study claiming that when the pandemic struck, the entire number of jobs created by Tanzania’s tourist industry plummeted from 509,077 in 2019 to 206,956 in 2020. According to the audit study results, the industry is predicted to rise to 307,564 jobs in 2021 after a period of stagnation.