Ivorian plans to boost hotel investments, DRC crisis affects economy [Business Africa]

Ivory Coast: Hotel investments

In recent years terrorism has weakened the tourism industry in Africa causing severe economic losses to some countries.

Ivory Coast has equally been affected ,but it isn’t giving up on Tourism. The sector represent 4.8 percent of country’s GDP with a target of 7 percent by 2020.

More tourists means more hotel accommodation, as such Azalai hotels group has taken a prominent role.

DRC economic crisis

The crisis in Democratic republic of Congo is not just political it’s also economic.

Behind an unstable political situation emerges a dark financial horizon.

The Collapse of the mining sector, tax evasion, unstable exchange rate, and misappropriation of public funds is leaving the public coffers weak.

Have a look !