Mombasa — The Kenya Export Promotion and Branding Company (KEPROBA) has launched into creating a typical technique for sustainable exploitation and maximization of the Blue Economic system sector that’s poised to be the brand new frontier for Kenya’s financial progress for the export market.
KEPROBA’s primary mandate is to implement export promotion and nation branding initiatives and insurance policies to boost Kenya’s export of products and companies.
The United Nations Growth Programme (UNDP) estimates that the quantified worth of the blue economic system sector is at USD 1.5 trillion and, is poised to develop to USD 3.0 trillion by 2030, securing a further 9 million full-time jobs.
On Friday, KEPROBA held a consultative assembly with Blue Economic system stakeholders from Mombasa and Kwale counties with the company’s Director of Analysis and Innovation Peter Ochieng noting that by single-point failure evaluation, the company was slowly sealing the weaknesses for a extra strong export of marine and aquatic sources.
Kenya’s whole fish exports in 2021 have been valued at USD 32.4 million; representing 0.005 per cent of the full export to the world, rating Kenya because the 108th lead exporter.
The highest 5 export commerce companions for Kenya in 2021 have been Italy (USD6.1 million, 18.7 per cent), Hong Kong (USD 5.1 Million, 15.6 per cent), Spain (USD3 million, 9.1 per cent), Netherlands (USD2.5 million, 7.6 per cent) and Portugal (USD 1.9 Million, 5.9 per cent).
Kenya’s quantity of exported fish was estimated at 10,875.3 tons in 2021. The share contribution of aquaculture to GDP within the yr was 0.7 per cent.
Fatma Bashir Export Market Growth Supervisor mentioned the nation is but to realize its full potential in fishing at each inland and marine waters.
“Underneath the Unique Financial Zones, Kenya has a big unique fishing zone with the potential to supply 300,000 tonnes of fish yearly estimated at about Sh75 billion,” she mentioned including that the nation is but to optimally make the most of the chance because it at present produces roughly 150,000 metric tons of fish yearly.
KEPROBA is partaking stakeholders to speed up the implementation of Blue Economic system tasks within the nation.
“This can mainstream the Blue Economic system agenda for Kenya and bear fruits for the expansion in exports and inflows of funding,” mentioned Bashir.
Authorities establishments, County Governments, Fishermen associations, logistics shippers’ associations, sector traders, monetary establishments, Non-public sector, Seashore Administration Items (BMUs), and Donor businesses have been among the many members.