Kenya to diversify blue economy investments to exploit opportunities

Kenya plans to diversify investments in the blue economy sector to fully exploit opportunities in the maritime sector.

Speaking during the official opening of the Sustainable Blue Economy conference, President Uhuru Kenyatta said the government will increase maritime industries and construct affordable houses across coastal towns in a bid to give the ocean facing towns a facelift.

Kenya estimates that the blue economy can contribute close to 400 billion shillings annually to the economy from the current annual average of 180 billion shillings if additional diversified investments are made in the maritime sector.

To this end, the government plans to set up more maritime industries such as fish processing plants along the country’s water bodies.

President Kenyatta said maritime institutions will be upgraded and well equipped to offer modern courses to equip local seafarers relevant skills to effectively compete in the maritime job market.

He called for more international partnerships in financing blue economy innovations.

  

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