The Usd1trln African Maritime Industry Mulls Further

September 18, 2018

The blue economy can be the engine of economic growth, the basis of socio-economic development and industrialization for many African countries, if well utilized.

The maritime industry, for example, is estimated at over $1 trillion, and there are other related and emerging sectors of tourism, offshore renewable energy, aquaculture, seabed extractive industries, marine biotechnology and bio prospecting.

Said Adejumobi, Southern Africa Director, UN Economic Commission for Africa (ECA) said that ┬áthe Economic Commission for Africa is fully committed to supporting the African Union, Regional Economic Communities (RECs) and member States to ensure that the untapped potentials of the…

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