Dar es Salaam, April 25 -- DODOMA: THE Tanzania Tourism Sector Safety and Protection (TTSSP) has urged the government to formulate a tourism investment policy requiring all new tourism projects to have at least 51 percent local ownership.

The organization made the recommendation as one of the solutions to the significant challenges faced by tourism sectors in developing countries, where most of the revenue often leaks out of the local economy to foreign-owned companies and imports.

Speaking exclusively to the Daily News recently, TTSSP Chief Executive Officer and founder, Dr Majaliwa Maswila, also suggested that, to ensure locals benefit more from the tourism sector, the state should establish a Tourism Development Bank to provide ...