Contrary to what stereotypes and misperceptions “Afro-pessimistic” have here and there, Africa is full of potential. Actually, it is not a coincidence that more and more investors have set their eyes on the black continent to do business. Talking about great potential, the blue economy have plenty of it in terms of investment so jobs. Therefore the blue economy generates jobs in Africa and is dedicated to reducing the unemployment rate in the black continent. According to experts, approximately 23 million of people work in the fishing sector. It ensures food safety for more than 200 million of people and generates an added value of 24 billion dollars so a 1.26 GDP of all the African countries. Experts believe that the blue economy in Africa plays an important part in promoting a substainable economic growth with ressources coming from the ocean, waterways, lakes and other water related ressources. It makes more sense knowing that 38 of the 54 countries in Africa, are coastal countries and 90% of exports and imports go by sea. Because of this, some observers considers the blue economy as “ the new line of development in Africa”.
Millions of direct jobs
The fishing sectors generates millions of direct jobs and induced employment. This goes from processing to packaging, fish nets and engines making, ice supplying, the building and maintenance of ships. Actually, the economic role of that sector has been confirmed by WorldFish center research institute based in Malaysia that tells us that in Uganda for example, fishing in lakes brings more than 200 million of dollars every year which represents 2.2 of the GDP of the country. That sector of activity has 135 000 fishermen working and 700 000 people working in the processing and fish trading and making 87.5 million of dollars exports revenues.
A sector that is mainly controlled by foreign companies