Kenya has raised Ksh.400M to host the sustainable blue economy conference slated to take place from the 26th to the 28th of November at the Kenya International Conference Center.
The conference is expected to bring together over 4000 delegates from more than 190 countries of the world.
Kenya is co-hosting the meeting with the government of Canada who has pledged to give 200 million shillings toward the meeting.
Speaking during a press briefing Monday, Foreign affairs Cabinet Secretary Macharia Kamau said counties will be given an opportunity to sell their blue economy agenda to the thousands of delegates and investors expected for the three day meeting.
The council of governors has said there are huge potentials in the devolved units in areas of transport, tourism, sports among others.
Many counties in Kenya remain poor and vulnerable relying on the exchequer for funding despite huge water resources.
Counties like Turkana, Marsabit Kisumu and Tana River suffer from widespread poverty and water scarcity which has hampered socio economic development.
PS Kamau Macharia has said the national government is working with the counties to map out areas of investment.
CoG Chairman and Turkana governor Josphat Nanok said that they have some bankable projects within the regional economic blocks to discuss with investors and development partners who may show interests in those opportunities both in the ocean and inland lakes, rivers and dams, so that Kenyans could reap maximum benefits from these water bodies.
“We want to develop a strategy that covers all the aspects of the Blue Economy. We have not fully utilised Lake Turkana and we want to harness it’s untapped potential,” said Governor Nanok.
Marsabit Governor Ali Mohamud Mohamed said plans are underway to put up a fish factory around Lake Turkana and also boost cultural tourism around the lake.
Other financiers include United Kingdom, Netherlands, Portugal among others.