Author: Kristen Geis
Website: http://www.terracurve.com/2009/12/02/ecotourism-finds-fundin…
Namibia has been chosen as the first US-based Millennium Challenge Corporation (MCC) client to receive a $70 million ecotourism grant in an effort to establish the nation as one of Africa’s leading tourism economies within ten years.
The dollar amount is a fraction of the full $305 million being allocated by the MCC to develop education, tourism and agriculture in Namibia.
According to the Namibian Government, tourism is an important generator of employment, particularly in rural areas. With the grant in place, international tourism generated 15.6% of total exports ($650.6 million) in 2008 and are expected to grow to 22.6% ($2,092.8 million) by 2018. Meanwhile, the contribution of travel and tourism to the gross domestic product is expected to increase from 14.5% ($1,051.7 million) in 2008 to 20.7% ($2,967.9 million) by 2018 and from 18.2% (77,000 jobs) to 23.7% (129,000 jobs) of total employment in that same period.
While the tourism industry in Namibia has enjoyed steady growth…
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