Private sector key to blue economy agenda
Tanzanian officials are calling for increased private sector investment to drive the country's blue economy agenda. The government has set ambitious 2050 targets for revenue from marine biotechnology, carbon trading, and renewable energy.
Why it matters
Leveraging private capital for sustainable marine resource management is a key strategy for long-term economic growth in coastal nations.
DAR ES SALAAM: VICE-PRESIDENT Deogratius Ndejembi has said private investment will be crucial to advancing the country's blue economy agenda, urging investors to seize opportunities in blue carbon trading, marine biotechnology, value addition of marine products and logistics services.
Speaking in remarks delivered on his behalf by Minister of State in the Vice-President's Office (Union and Environment), Engineer Hamad Yussuf Masauni, at the opening of the Fifth International Blue Economy Conference (IBEC) in Dar es Salaam yesterday, he said the country's Vision 2050 seeks to transform marine and freshwater resources into sustainable drivers of economic growth.
“I call on the private sector to take advantage of the opportunities available in the blue economy, including blue carbon trading, marine biotechnology, value addition of marine products and logistics services that support the development of this agenda,” he said.
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