Betsy Njagi, principal secretary for the State Department for the Blue Economy and Fisheries, has reiterated the government’s dedication to strengthening cooperation with the financial industry in order to realize Kenya’s Blue Economy’s full potential.
The PS said in a statement that she spoke with Eric Odhiambo, Josiah Nyabuti, and Kihara Maina, Regional Chief Executive Officer of I&M Bank.
“Held discussions with Mr. Kihara Maina , Regional Chief Executive Officer of I&M Bank accompanied by Eric Odhiambo and Josiah Nyabuti on expanding private sector investments in fisheries and ocean based enterprises,”she posted on her social media.
In order to promote sustainable growth and job creation, the talks centered on increasing private sector investments in fisheries and ocean-based businesses.
The PS claims that the engagement is in line with the upcoming Master Plan and the National Blue Economy Strategy, which aim to establish the industry as a crucial pillar of economic growth.
She pointed out that in order to supply the funding and innovation required to scale the maritime and fisheries value chains, closer ties with financial institutions are essential.
Additionally, the meeting offered a chance to invite I&M Bank to take part in the Pre-Conference Business Forum in advance of the June Eleventh Our Ocean Conference.
In order to investigate bankable opportunities within the Blue Economy, the forum is anticipated to bring together stakeholders from industry, finance, and government.
According to the State Department, it will keep collaborating with the private sector to boost sustainability, expedite investment, and guarantee equitable growth in both inland and coastal blue economy endeavors.
