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Explore latest events, developments, innovations, trends, and recent blue economy projects and products from around the world.
Aquaculture development In Egypt gets boast
Egypt is the leading aquaculture producer in Africa, generating 1.6 million tons of fish annually, valued at USD 3.5 billion. Aquaculture accounts for 80% of fish production, primarily from private farms. The sector employs approximately 300,000 people. Egypt faces climate change impacts like water scarcity, drought, and extreme heat. To address some of these challenges, the Advancing Climate-Smart Aquaculture Technologies (ACliSAT) project was initiated. The project targets the promotion of water-efficient culture systems and improved practices for Nile tilapia.
Africa emerging as a cruise shipping hotspot
As the security situation in the Red Sea worsens, Africa is emerging as a cruise destination hotspot. From MSC Cruises, Costa Cruises and Princess, to Cunard Line, Silversea and Holland America Line, more and more cruise lines are choosing to cruise via Africa when repositioning between east and west, rather than through the Red Sea and Suez Canal. From the vibrant cities along the West African coast to the exotic shores of Madagascar and beyond, cruise tourists now have more opportunities to explore Africa by sea as it start getting its time in the sun as a maritime tourism hotspot.
Nigeria’s government backs Bakassi seaport project
Nigeria’s federal government has expressed its full support for the Bakassi Deep Seaport Project, describing it as a pivotal project that could position the nation as a leading maritime power and contribute significantly to it’s socio-economic development through job creation, trade facilitation, and increased revenue generation. It urged all stakeholders to seize the opportunities presented by the project to continue supporting the growth of Nigeria’s maritime sector. The project is being developed by the Cross River State Government and some private investors.
African seaweed farmers to access $50M funding
Female seaweed farmers operating in three East African countries will have access to significant private-sector financing through a new project that will support them in introducing modern farming technology, both boosting the resilience of their enterprises against the adverse impacts of climate change and increasing production of high-quality seaweed for the markets. At least 25,000 female seaweed farmers in Kenya, Tanzania, and Mozambique will have access to the financing between 2024 and 2028 under the Africa Fair Seaweed Finance Facility (AFSFF) project.