President William Ruto has announced that Kenya has committed over KSh145 billion (about US$1.1 billion) towards the development of the blue economy ecosystem, aimed at strengthening its contribution to national economic growth.
He said the investment is intended to expand opportunities within the maritime sector, while positioning the ocean economy as a key pillar of Kenya’s long-term development agenda.
Kenya, he added, remains committed to supporting United Nations priorities on ocean governance and ocean financing, noting that sustainable management of marine resources is essential for both environmental protection and global prosperity.
The Head of State made the remarks after meeting the United Nations Secretary-General’s Special Envoy for the Ocean, Peter Thomson, on the sidelines of the 11th Ocean Conference in Mombasa.
During the discussions, the two leaders explored ways of strengthening cooperation in advancing sustainable ocean management and improving financing frameworks to support ocean-based initiatives in Kenya and globally.