Browsing: Blue Economy in Africa

Seychelles-Blue-Bond-Economy

Seychelles’ economy has taken a positive turn, with its blue bond economy roadmap drawing attention from international organizations. Nuveen, a global asset manager, has expressed interest in purchasing Ecuador’s new $656 million blue bond. If Nuveen can acquire this economic goldmine, it would significantly bolster the African island’s overall trajectory through its primary source of revenue.

Africa's blue economy

On June 8th, African economies joined the world in marking World Oceans Day under the theme ‘Planet Ocean: Tides are changing. Africa, the second largest continent in the world by land mass and population, borders the Mediterranean Sea to the north, the Red Sea to the northeast, the Indian Ocean to the east, and the Atlantic Ocean to the west. These territorial waters, if nurtured, could contribute significantly to Africa’s blue economy.