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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Kenyan counties to showcase invest-
ment opportunities in blue economy   

NAIROBI (Xinhua) -- Kenya’s 47 devolved units will partner with the central government to develop policies facilitating investments in the blue economy, officials said on Monday.

Josphat Nanok, chair of Council of Governors, said that counties have a huge repository of marine and fresh water resources that should be exploited to fuel economic growth.

“We are keen to showcase bankable projects around the blue economy to help meet development needs of people in the grassroots,” Nanok said. “There is an untapped potential in oceans, lakes and rivers which should be harnessed to promote food security, manufacturing, trade and transport.

He spoke in Nairobi during a roundtable for counties’ role in the growth of blue economy. The event was organized by the ministry of foreign affairs.

Kenya will on Nov. 26-28 host a sustainable blue economy conference that will be attended by world leaders, policymakers, investors and green campaigners.

Over 500 mayors and governors from around the world have been invited.

Nanok said that Kenyan county executives will be looking for strategic investors to help develop their nascent blue economy that is key to achieving sustainable development, peace and stability.

“There is need to utilize the potential in our waterways and achieve the transformation agenda outlined in the Big Four pillars on food security and manufacturing,” said Nanok.

Kenya has borrowed successive models elsewhere to enhance its capacity to tap into opportunities presented by the blue economy.

Macharia Kamau, principal secretary for foreign affairs, said that policy and institutional structures are in place to promote Kenya as an investments hub in oceans and land-based fresh water resources.

“We are in a better position to deliver on the benefits accruing from exploitation of large water bodies,” Macharia said, adding that Kenya has prioritized action on ocean pollution and illegal fishing to promote growth of blue economy. 

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