Kenya’s Blue Economy Potential Tapped with New Marine Investments

by KenyaPolls

Kenya is accelerating investments in its blue economy, targeting Ksh200 billion in annual revenue from marine resources by 2030. In early 2024, the Ministry of Fisheries launched a Ksh4 billion modernization program for landing sites in Kilifi, Lamu, and Mombasa, including cold storage and solar-powered ice plants. Illegal, unreported fishing has declined by 40% due to new patrol drones and community surveillance. Seaweed farming and aquaculture are expanding, with pilot projects in Ukunda yielding export-quality products. The World Bank has pledged $150 million to support sustainable ocean-based industries. With 312km of coastline, Kenya aims to triple fish production and create 200,000 jobs—especially for coastal youth.

You may also like