Kenya is seeking to deepen private sector financing and strategic partnerships within the blue economy sector following a high-level engagement between government officials and Kenya Commercial Bank aimed at unlocking investment opportunities across maritime and fisheries value chains.
In a statement issued on Monday, Betsy Njagi said she jointly hosted a Strategic Engagement Forum alongside Aden Abdi Millah with officials from Kenya Commercial Bank led by General Manager David Nyamu.
The discussions focused on expanding financing and partnership opportunities within Kenya’s growing blue economy and maritime sectors, which the government continues to position as key drivers of sustainable economic growth and job creation.
According to PS Njagi, the engagement identified a strong pipeline of potential investments spanning fisheries and aquaculture, ports and logistics, shipbuilding and repair, marine cruise tourism, as well as supporting infrastructure and technology.
The government noted that strengthening collaboration with financial institutions is expected to accelerate capital access for emerging projects while supporting inclusive economic development in coastal and riparian regions.
“We agreed to continue working closely with KCB and other financial partners to unlock capital, create decent jobs, and uplift coastal and riparian communities while safeguarding our marine and freshwater ecosystems,” PS Njagi said.
The meeting comes as Kenya intensifies efforts to expand investment in the blue economy sector, which has increasingly been identified as a strategic pillar for economic diversification, environmental sustainability, and regional trade competitiveness.