Sharp Daily
No Result
View All Result
Wednesday, July 30, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Opinion

The rise of Kenya’s blue economy: A new frontier for investment

Ivy Mutali by Ivy Mutali
May 26, 2025
in Opinion
Reading Time: 2 mins read

Kenya’s coastline, stretching over 600.0 kilometers along the Indian Ocean, has long been associated with tourism and fishing. But in recent years, the country has begun to unlock the broader economic potential of its maritime and freshwater resources through what’s being termed the “blue economy.” This emerging sector is poised to become a key driver of inclusive growth, job creation and sustainable development.

The blue economy encompasses sectors such as aquaculture, marine transport, shipbuilding, offshore energy and coastal tourism. According to Kenya’s State Department for Blue Economy and Fisheries, the country’s blue economy has the potential to contribute up to KES 500.0 billion annually to GDP and create over 1.0 million jobs. With increased investment in ports, fishing infrastructure and maritime training, the government aims to position Kenya as a regional hub for ocean-based economic activity.

Notable developments include the revitalization of the Kenya Ports Authority (KPA) and the expansion of the Lamu Port, which is part of the LAPSSET Corridor project. These infrastructure investments aim to improve regional trade connectivity and attract logistics and shipping companies to the Kenyan coast.

Meanwhile, aquaculture is gaining traction as a commercially viable alternative to wild fishing, especially in freshwater regions like Lake Victoria. Initiatives like the Aquaculture Business Development Programme (ABDP), funded by the Kenyan government and IFAD, are helping fish farmers access markets and financing. This shift is not only improving food security but also opening up opportunities in fish processing and export.

RELATEDPOSTS

Transportation and logistics of Container Cargo ship and Cargo plane. 3d rendering and illustration.

Unlocking Kenya’s blue economy: Fisheries and maritime logistics opportunities

January 9, 2025

Balancing act: Kenya’s quest for inclusive, green growth

June 11, 2024

Private sector interest is also rising. Kenyan startups and SMEs are innovating around seaweed farming, fish feed production and cold chain logistics. Investors eyeing sustainable sectors are increasingly attracted by the alignment of blue economy initiatives with ESG (Environmental, Social, and Governance) goals.

Challenges remain, including poor data on marine resources, unregulated fishing and limited enforcement capacity. However, with the right mix of public-private partnerships, research and policy alignment, Kenya’s blue economy could emerge as a cornerstone of its next economic chapter, one that leverages its vast water resources for prosperity and sustainability.

Previous Post

World Bank: Kenya’s growth at risk from debt and poverty

Next Post

Elgeyo Marakwet leaders demand action on banditry

Ivy Mutali

Ivy Mutali

Related Posts

Economy

How Kenya can reinforce fiscal rules to prevent recurrent budget overruns

July 23, 2025
Economy

Strategies to boost alcohol and tobacco tax revenues

July 16, 2025
Business and Finance Concept - Coin, Currency, Financial Item, Graph,
Opinion

Opinion: Why lower taxes may be Kenya’s only escape route

July 10, 2025
Opinion

Privatization in Kenya: A new dawn for capital markets and fiscal stability

July 10, 2025
Economy

What happened to president Ruto’s economic dream?

June 27, 2025
Opinion

Opinion: Populism feeds votes, not growth

June 27, 2025

LATEST STORIES

Shri Krishana Overseas lists on NSE

July 25, 2025

Why young professionals should care about pensions

July 23, 2025

How Kenya can reinforce fiscal rules to prevent recurrent budget overruns

July 23, 2025
commercial illustrator

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025

Transferring Your Retirement Benefits Between Pension Schemes in Kenya

July 23, 2025

Invest in stability: introducing the Cytonn USD money market fund

July 18, 2025

The Importance of Asset Diversification on Kenyan Pension Funds

July 18, 2025

Park your money where it grows: Why more Kenyans are turning to Cytonn Money Market Fund

July 16, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024