Kenya: Export Company Targets Blue Economic system Sector to Upscale Kenya’s Export Earnings

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.