Blue Economy | We are sitting on a gold mine but we prefer instant gratification

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“Blue economy entails development of the existing opportunities such as deep sea fishing, aquaculture, sports fishing and artisanal fishing and future uses such as deep sea mining, Wind Energy, luxury tourism and Marinas”, head of Commercial Shipping at Kenya Maritime Authority said. In Africa, 38 countries are coastal and therefore can immensely benefit from it should their government act decisively and come up with water tight policies which attracts investors. Estimated annual economic value of goods and services in the marine and coastal ecosystem in Blue Economy in Western Indian Ocean today is slightly over $22 billion.

http://www.pulselive.co.ke/bi/finance/how-kenya-can-exploit-indian-ocean-and-earn-sh90b-annually-id6618690.html