A growing number of countries in Africa are now embracing the blue economy. A sector that has largely been neglected in many of the countries on the continent. Whatever activity that has been going on is can be described as little to nothing compared to the scale of activities countries like China, Japan, and the U.S. have been doing in the blue economy.
Currently, there is an ongoing campaign to sensitize the general public and get investors (and the government) to look towards the blue economy for wealth creation. Already, countries like Seychelles, Madagascar, Comoros, Mauritius, South Africa, Tanzania, and Kenya have made impressive steps towards exploiting this economy.
The governments of the said countries have established institutions that will spearhead the exploitation of the blue economy; ministries such as Finance, Trade, and the Blue Economy. All in an effort to diversify their economies.
“The African Union has also adopted the blue economy, which is about exploiting resources such as oceans, lakes, and rivers, into its 2063 development agenda for socio-economic transformation,” said Danson Mwangangi, independent economic researcher, and analysts, while addressing IPS.
Mwangangi further said African agrarian economies …read more