ZANZIBAR has welcomed local investors to tap investment opportunities in the tourism sector. The archipelago said isles’ tourism sector was a key area of maximising profit thus building up the country’s economy.
Zanzibar’s Minister for Information, Tourism and Sports, Mr Rashid Ali Juma, yesterday welcomed investors to invest in local made products since tourists prefer them. “We will also organise other related events to make sure local investors and tourists are connected and business opportunities are exposed,” said Mr Juma.
The minister was speaking yesterday ahead of food festival, which is scheduled to take place in Zanzibar next week. The festival has been organised by the Dar es Salaam-based Hyatt Regency Hotel.
According to him, many local hotel and restaurant investors are not aware of the opportunity available in tourism sector in Zanzibar. The festival ahead will enable local investors to learn, share experience and expand business network.
“The festival will also promote local food, chefs will be given chance to prepare various types of food,” he said. He said over 25 hotels and restaurants in Zanzibar have so far confirmed to participate in the festival.
On tourism contribution to the economy, the Mr Juma said at least 80 per cent foreign cur rencies come from the tourism sector. The sector also contributes 20 per cent to Zanzibar’s GDP and recorded 360,000 tourists last year.
It targets a 500, 000 tourists by 2020, according to the Minister. The Hyatt Regency Hotel’s General Manager, Mr Garry Friend said it is all about promoting the country’s food culture.