The country’s tourism sector could lose up to US$1,1 billion due to Covid-19 travel restrictions that have crippled the travel industry. The projection was spelled out by Environment, Climate, Tourism, and Hospitality Industry Minister when he addressed a news conference after meeting tourism players in Harare.
The meeting with tourism players was meant to discuss modalities of the $500 million Bank Guarantee Facility that the government has provided to help the sector recover. The facility is meant to assist the tourism sector access working capital loans from banks and insulate their businesses from the effects of the pandemic.
