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    Commodity prices to go up following new charges

    Commodity prices to go up following new charges

    tvN – Korea’s top entertainment brand debuts on DSTV

    tvN – Korea’s top entertainment brand debuts on DSTV

    AAR Insurance embrace paperless model with new mobile app

    AAR Insurance embrace paperless model with new mobile app

    Parliament now pushing for all Kenyans to pay Ksh6000 NHIF fee

    Parliament now pushing for all Kenyans to pay Ksh6000 NHIF fee

    Popular Journalist Dies In Gristly Road Accident

    Popular Journalist Dies In Gristly Road Accident

    Minet feted Insurance Broker of the Year

    Minet feted Insurance Broker of the Year

    Konza Technopolis, Israel to host Innovation Challenge

    Konza Technopolis, Israel to host Innovation Challenge

    Samsung Named Top Global TV Manufacturer

    Samsung Named Top Global TV Manufacturer

    BBI will Create a good Business Environment: Mt Kenya MCAs Chairman

    BBI will Create a good Business Environment: Mt Kenya MCAs Chairman

  • Markets
    tvN – Korea’s top entertainment brand debuts on DSTV

    tvN – Korea’s top entertainment brand debuts on DSTV

    Samsung Named Top Global TV Manufacturer

    Samsung Named Top Global TV Manufacturer

    Locally assembled Proton Saga saloon car released to the market  

    Locally assembled Proton Saga saloon car released to the market  

    Hennessy becomes NBA’s first global spirit partner

    Hennessy becomes NBA’s first global spirit partner

    KenGen to Pay Ksh1.65 Billion in Dividends

    KenGens’ half year profits hit Ksh6.8 billion

    Suzuki unveils latest entrant into the Kenyan market

    Suzuki unveils latest entrant into the Kenyan market

    Kenya Breweries launches academy to train 10,000 bartenders

    Kenya Breweries launches academy to train 10,000 bartenders

    New Directory to Provide Support to women owned Businesses

    New Directory to Provide Support to women owned Businesses

    Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

    Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

  • Real Estate
    17% of Kenyan Billionaires looking to buy a house in 2021

    17% of Kenyan Billionaires looking to buy a house in 2021

    Kenyan Firm awarded Most Innovative Community Developer 

    #OmokaNaAlma: This is how you get awarded Sh50,000 by Cytonn Real Estate

    Developing Countries Set To Lose Sh22 Trillion Due to COVID-19

    Commercial office rents fall 13pc in quarter 3 & 4 of 2020

    New Construction Technology to help NHC deliver affordable homes

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    NCBA partners with Shelter Afrique to finance properties in 5 counties

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    New Ksh350Million Commercial centre to be constructed in Athi River

    New Ksh350Million Commercial centre to be constructed in Athi River

    Greenpark Estate injects Ksh15M to its development

    Greenpark Estate injects Ksh15M to its development

    LG’s OLED Honoured at the Technology and Engineering Awards

    LG’s OLED Honoured at the Technology and Engineering Awards

    Kenya’s position as a Digital Media Hub gaining momentum

    Kenya’s position as a Digital Media Hub gaining momentum

  • Tech
    Konza Technopolis, Israel to host Innovation Challenge

    Konza Technopolis, Israel to host Innovation Challenge

    TikTok releases H2 2020 Global Transparency Report

    TikTok releases H2 2020 Global Transparency Report

    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    2 Kenyans selected to create African Inspired stickers for New Chat App

    2 Kenyans selected to create African Inspired stickers for New Chat App

    Mobile Phones contribute to the realisation of UN SDGs – 2020 GSMA report says

    realme awards fans to Valentines through DaretoLove Campaign

    realme awards fans to Valentines through DaretoLove Campaign

    Opera launch its new Chat App to rival WhatsApp

    Opera launch its new Chat App to rival WhatsApp

    IoT predictions for 2021: Smarter tech will make better business

    IoT predictions for 2021: Smarter tech will make better business

    Nokia to launch its low cost smartphones in Kenya

    Nokia to launch its low cost smartphones in Kenya

  • World Business
    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    World Engineering Day to Be Celebrated in Kenya

    World Engineering Day to Be Celebrated in Kenya

    How NASA Technology Can Help Save The World’s Largest Shark

    How NASA Technology Can Help Save The World’s Largest Shark

    After fight with US Authorities Huawei CEO now want talks with Biden

    After fight with US Authorities Huawei CEO now want talks with Biden

    Ford Vehicles to be powered by Android and Google apps in new deal

    Ford Vehicles to be powered by Android and Google apps in new deal

    Columbia Africa banks on primary and preventive healthcare to grow market share

    Columbia Africa banks on primary and preventive healthcare to grow market share

    DHL Express Named Best Employer in The World

    DHL Express Named Best Employer in The World

    Meet the founder of Safari Doctors Umra Omar

    Meet the founder of Safari Doctors Umra Omar

    Kenya to receive Ksh 1 billion from Google for economic recovery

    Kenya to receive Ksh 1 billion from Google for economic recovery

  • KBF
    • All
    • Agribusiness
    • Banking
    • Insurance
    • Manufacturing
    • Opinion
    Safaricom PLC Announces A 14.4 Per Cent Increase In Half-year Net Profit

    Safaricom cracks whip on rogue MPESA agents

    Commodity prices to go up following new charges

    Commodity prices to go up following new charges

    AAR Insurance embrace paperless model with new mobile app

    AAR Insurance embrace paperless model with new mobile app

    Bill in parliament seeks to have CBK regulate Mobile lenders

    Minet feted Insurance Broker of the Year

    Minet feted Insurance Broker of the Year

    Samsung Named Top Global TV Manufacturer

    Samsung Named Top Global TV Manufacturer

    Aden Duale pushing to make pornography an expensive affair in Kenya

    Aden Duale pushing to make pornography an expensive affair in Kenya

    Locally assembled Proton Saga saloon car released to the market  

    Locally assembled Proton Saga saloon car released to the market  

    Hennessy becomes NBA’s first global spirit partner

    Hennessy becomes NBA’s first global spirit partner

    • Agribusiness
    • Banking
      Safaricom PLC Announces A 14.4 Per Cent Increase In Half-year Net Profit

      Safaricom cracks whip on rogue MPESA agents

      Bill in parliament seeks to have CBK regulate Mobile lenders

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      DTB Bank set to shut down 6 branches

      DTB Bank set to shut down 6 branches

      Secure your future by saving with Metropolitan National Sacco

      Housing Finance launches new money transfer service

      Housing Finance launches new money transfer service

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      Businesses to benefit from Ksh1.6 Billion in Aid from DTB

      Leak: 53 Kenyan banks, individuals Named in FinCEN Files For Illegal Sh6 Trillion Transactions

      Impending layoffs at Absa Bank Kenya Plc

      Family Bank opens its 92nd branch

      Family Bank opens its 92nd branch

    • Insurance
      AAR Insurance embrace paperless model with new mobile app

      AAR Insurance embrace paperless model with new mobile app

      Minet feted Insurance Broker of the Year

      Minet feted Insurance Broker of the Year

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

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    • Manufacturing
    • Opinion
      IoT predictions for 2021: Smarter tech will make better business

      IoT predictions for 2021: Smarter tech will make better business

      KRA Goes After Rich Individuals, Firms Over Sh250 Billion

      Digital Services Tax a desperate move caused by bad governance

      OPINION: Managing the end-of-life of products to accelerate a circular economy in Kenya

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      Why Digital Services Tax is a retrogressive policy

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      This is the new Safaricom logo

      Fail or win? Mixed Reactions over Safaricom’s new logo

      After fuliza, Safaricom introduces another way to borrow money

      OPINION: Why Safaricom’s Fuliza is a rip off!

      OPINION: Conserve Nature Even as you Work to Achieve SDGs

      OPINION: Conserve Nature Even as you Work to Achieve SDGs

      Crisis as young Kenyans now embrace Crime as lifestyle

      Crisis as young Kenyans now embrace Crime as lifestyle

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Government To Focus On Untapped Potential In Blue Economy

by santori
March 2, 2020
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Marine fishery is estimated to have a potential of over Ksh 7.5 Billion, however, Kenya faces a number of challenges like Low investment in deep-sea fishing, Inadequate manpower and skills in the fisheries sub-sector, Inadequate Fisheries, Monitoring, Control and Surveillance.

Agriculture , Livestock , Fisheries and Cooperatives,  Cabinet Secretary Peter Munya says that the lack of a substantive local investment in the deep-sea fishing means that mainly Distance Water Fishing Nations (DWFNs) exploit the Exclusive Economic Zone (EEZ) fishery limit in accordance with the UN Convention on the Law of the Sea

In a speech read on his behalf by the Principal Secretary of the state department for fisheries, aquaculture and blue economy Prof. Micheni Ntiba, during validation meeting on draft marine and inland fisheries regulations in Nairobi, the CS said that Kenya has put in place an appropriate policy and legal framework that includes Revision of the National Oceans and Fisheries Policy.

“Kenya has further ratified the Port State Measures Agreement (PSMA) 2009 to prevent, deter and eliminate illegal, unreported and unregulated fishing in August 2017 according to adoption and ratification of International Agreements and Protocols”, he said .

He stated that the establishment of the Coast guards is government’s commitment to ensure that illegal activities in fishing and fisheries related crimes are dealt with. “We must join hands to ensure sustainability of the resources and livelihoods of the people of Kenya”

The Government, Munya says, has further applied to extend the boundary to 350 nautical miles limit for exploitation of bottom ocean seabed resources as this will provide Kenya with an enormous maritime area with a huge potential to contribute to the socio-economic development of its citizens

The government has rolled out several initiatives to ensure sustainable exploitation of the fisheries resources and they include development and refurbishment of five landing sites namely Gazi, Kibuyuni, Kichwa Cha Kati, Vanga and Ngomeni  as well as  gazettement of the Liwatoni Fishing Port, and construction of two fish markets in the Coastal region.

The government has also trained local fishermen on deep sea fishing technology, value addition technology for Sea Weed farmers and is currently procuring fishing gears and boats for local fishermen who also have been capacitated to go beyond the barrier reef for fishing expeditions.

Prof. Ntiba said the sea is quite deep and wide and therefore  there is need to develop the capability  and investing in getting better vessels which he clarified are not so cheap.

“We also need to be able to police the waters to prevent foreigners from entering our territory and fishing even without giving us data”, he said.

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The PS says that the country wants to increase productivity of fish in order to make it cheaper and affordable to all Kenyans . The strategy is selling our fish at premium prices but also buy at affordable price in our markets.

Chair County Executive Committee Member (CECM) Caucus of Agriculture Mary Nzomo said the potential of the fisheries sub-sector in the economy in  regards to employment creation food and nutrition security  is enormous yet untapped.

“Despite accounting  for only about 0.5 percent of the GDP, fisheries sector creates employment to more than 2 million Kenyans via fishing, boat building, equipment repair, fish processing  and support activities”, she said .

In 2013, Nzomo explained that the marine fishing had an annual fish potential  of Ksh  90 billion but only 2.3 billion was realized and therefore this  shows the latent potential of the sub sector that is waiting to be tapped..

The subsector, she noted is key in achieving the development goals laid out in the agriculture sector transformation and growth strategy , big four agenda, vision 2030 and the SDGs..

“It’s therefore worrying to note that  a lot of emphasis has been put towards developing other subsectors  leaving behind fisheries which is as important in transforming this country”, she said .

The CEC said the  formulation of the regulations is timely in enabling the national and county governments to realize the underlying potential of the sub sector thus enabling the country to capitalize on blue economy.

“Counties have a direct role in promoting fishing as one of the local economic activities. But government at national level need  to help counties in sustenance of fisheries activities as they put the necessary laws and regulations in place”, she said.

Nzomo added that all counties in this country have potential , and with water resources protected and tapped fish farming  promotion can be done across s every corner in this country.


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]

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