Maximizing Africa’s Blue Economies

Moderator:    Mr. Javier Blas, Africa Editor, Financial Times

Panelists:

  • Hon. Trevor Andrew Manuel, Minister, National Planning Commission, South Africa
  • Mr. Pierre Laporte, Minister of Finance, Seychelles
  • Dr. Oby Ezekwesili, Trustee – WWF International (Former Vice President, Africa Region, the World Bank and Former Minister in the Government of Nigeria
  • Mr. Jean Claude de l’Estrac, Secretary General, Indian Ocean Commission
  • Mr. Iain Lindsay, Senior Owner’s Representative, Pacific International Lines
  • Mr. Manuel Felisberto, Economist, General Secretary, Mozambican Association of Industrial Shrimp Fishery Entrepreneurs

Rapporteur:     Mr. Mike Salawou, Advisor to the Vice President Secretary General, General Secretariat, AfDB

Description:

Realizing Africa’s transformation agenda requires maximization, in a sustainable manner, of the continent’s resources.  Indeed, as said by Vice President Danny Faure of the Seychelles, breaking the mould of African development and recognising the potential of Africa’s Blue Economy, encapsulating all of the potential of oceanic resources, “offers … a platform for Africa’s transformation.”  The blue economy in certain African countries contributes as much as 27 percent of revenues and 33 percent of total export revenues. In all, fisheries alone is reported to provide livelihoods to over 10 million men and women engaged in catching, processing and trade. Many are small-scale operators supplying food to local and sub-regional markets. It is estimated that at least 58.3 million people are engaged in fisheries and aquaculture in Africa. Noting the importance of the Blue Economy, the AU at the 22nd Ordinary Session of the Assembly of Heads of State and Government of the African Union (AU), pledged to embrace and develop the Blue Economy concept as a vital part of Africa’s future development to be outlined in the AU’s Agenda 2063. With a commitment not to leave any resources behind, what should be the way forward for Africa to maximize and grow its blue economies, address marine pollution, climate change and overfishing, and encourage investments?  Countries such as South Africa are developing blue economy strategies and in this connection, are analyzing the economic opportunities for the country and region.  Key areas such as aquaculture, marine transport and offshore oil and gas exploration are being identified as crucial in growing the economy.  Panelists will dialogue on these issues and recommend critical actions required to maximize Africa’s Blue Economies.


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Fatoumata Chérif - Guinea 22/05/2014 00:46
Les pirateries dans nos mers constituent un réel problème pour les pays africains.

Les populations peinnent à consommer du poisson alors qu'elles sont entourées d'océans.

L'impunité a pris le dessus.

Il faut que des voies et moyens soient trouvés pour sanctionner ceux que je qualifie ''de mercenaires, de pirates des eaux''.

De tels agissements font que certaines espèces marines sont en voie de disparition tant des ponctions ont été faites dans leurs populations.

Dommage!

If you look at the money they get from fishing in African waters, it is more than the money they send to Africa through development aid. This is a case of the rich versus the poor. Therefore, as leaders, we must take action.

Donald Kaberuka, AfDB President

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