Kenya is preparing to host the European Union Blue Economy Investment Forum in July, as announced by EU Ambassador Henritte Geiger.
The primary focus of the forum is to attract investments in the blue economy sector, with Geier commending Kenya’s regulatory efforts.
The conference aims to highlight the vast potential of the blue economy and strengthen confidence and trust.
“The idea is to bring investment in the blue sector and the government has already done a lot of work to provide positive regulatory framework”, she said.
Why the Conference in Kenya?
Why the Conference in Kenya?
Mining Cabinet Secretary Salim Mvurya mentioned that the conference will showcase sustainable opportunities in fisheries, transportation, tourism, and renewable ocean energy, promoting growth while preserving marine ecosystems.
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Kenya looks forward to collaborating with the European Union to enhance investments in deep-sea fishing.
“We are looking to the European Union to collaborate with us to attract more investments into deep sea fishing,” Mvurya said.
This will be the second time Kenya has hosted the conference.
Initiatives Kenya is Taking to Better Blue Economy
Initiatives Kenya is Taking to Better Blue Economy
It (the conference) rubberstamps connections between African entrepreneurs and global investors to advance the blue economy.
Efforts are underway to improve fishing infrastructure along the Indian Ocean coast and Lake Victoria, addressing the lack of proper facilities for fishermen.
“Many of the fishermen in both Lake Victoria and Indian Ocean do not have proper infrastructure for fishing,” he said.
The government’s initiative includes the construction of the Liwatoni Fisheries Complex in Mombasa, aiming to create a hub for value addition and partnerships within the private sector. “One of the projects is the Liwatoni fish complex, a value addition point and fish port in Shimoni an opportunity for partnerships in the private sector,” he said.