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27.11.2412:56 Technology

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17.09.24 15:35

Tourism

Ethiopia launches first Tourism Satellite Account

The initiative aims to maximise the economic potential of the tourism sector

Ethiopia's Ministry of Tourism has announced that the first Tourism Satellite Account (TSA) is an accounting system developed by the United Nations designed to measure tourism-related goods and services according to international standards. This is reported by ENA, a partner of TV BRICS.

In a briefing to journalists, State Minister of Tourism Sileshi Girma said that in establishing the TSA, Ethiopia collaborated with various ministries and stakeholders. The inauguration of the first Tourism Satellite Account will take place at the Adwa Victory Memorial Museum in Addis Ababa.

The establishment of the TSA is a strategic initiative to maximise the economic potential of Ethiopia's tourism sector.

The TSA will provide information on tourism's contribution to GDP, the comparative size of the sector with other industries, job creation, the impact of international tourism on the balance of payments, and government revenues from tourism activities.

Photo: iStock

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Kassym-Jomart Tokayev

President of Kazakhstan

"The volume of direct Russian investments in Kazakhstan's economy has exceeded US$24 billion, of which more than US$4.5 billion has been invested in the last two years alone. Accumulated Kazakhstani investments in the Russian economy have reached an impressive mark of US$8.5 billion"