The UN Economic Commission for Africa (ECA) expressed its full support and commitment to assist Africa utilize its untapped blue economy potential, which can fuel the economic growth of the continent. In welcoming remarks to delegates attending the 24th Intergovernmental Committee of Experts (ICE) of Southern Africa on the theme; “Blue Economy, Inclusive Industrialization and Economic Development in Southern Africa”, Mr. Adejumobi said the ECA recognizes the immense potentials of the blue economy for fostering industrial growth and economic development. “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. He said some Southern African countries have adopted strategic plans and development blueprints to transform their blue economy sector. Seychelles has developed a National Blue Economy Roadmap through which it seeks to accelerate economic growth and diversification, while Mauritius has Vision 2030, which provides an overall development framework, including on the blue economy sector.

Source: News Business Ethiopia September 19, 2018 09:45 UTC