Browsing: Blue Economy in Africa

• In the past 10 years, DP World has solidified its presence in over 40 countries, including in nearly 10 ports in Africa, boosting the continent’s blue economy.
• Senegal is one of the biggest beneficiaries of DP World overseas investments in ports.
• In June, Tanzania engaged DP World to run two berths in the Port of Dar es Salaam.

DP World, one of the largest marine terminal operators is assuming a bigger role Africa’s blue economy. In the past 10 years, the Dubai based multinational has solidified its presence in over 40 countries, including nearly 10 ports in Africa. 

With every eye gunning for Africa’s vast natural resources, what role is DP World playing in advancing Africa’s blue economy? The blue economy is one of the oldest economic activities by human beings. Blue economy encompasses a wide range of sectors, including fisheries and aquaculture, maritime transport, renewable energy (such as offshore …

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.…

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. …

Africa’s blue economy prospects 

What if Africa could farm its oceans and reap benefits from it? Yes, research findings from African Natural Resources Centre (ANRC) in collaboration with African Development Bank (AfDB), ‘Prospects for developing green aquaculture in Africa 2021’ report brings a whole new depth to aquaculture in Africa. 

The continent is growing fast, and it could grow more sustainably if it utilizes its most crucial resource, natural wealth. The report highlighted that the aquaculture sector is slowly growing and it shows a strong potential for expansion. 

The world aquaculture landscape is showing promise. The Food and Agriculture Organisation (FAO) 2020 report showed that farmed seafood globally produced 82.1 million tonnes of aquatic animals in 2018—which is equivalent to 96.4 tonnes of fisheries catch. 

“Global aquaculture has been growing at an average annual rate of 5 per cent over the past 20 years and this growth is expected to …