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The first Africa Blue Economy Forum has been announced. To be held in London on 7-8 June 2018 to coincide with World Oceans Day, this will focus on the economic contribution and potential of the African oceans. 

Inaugural Africa Blue Economy Forum announced“The blue economy is an integral part of the African Union’s Agenda 2063. The debut forum will address this agenda and enable businesses and policy makers to understand, explore and invest in Africa’s blue economy, to harness its potential and create a sustainable business model for the future,” says Leila Ben Hassen, founder of ABEF 2018 and CEO of the event’s organiser, Blue Jay Communication.

“At ABEF 2018, we will discuss crucial issues, such as how the blue economy can help create jobs and accelerate sustainable growth and development across the continent. We will also examine which economic policies will facilitate better ocean economy and open up opportunities for investors and entrepreneurs. In Africa, where 70% of the states are coastal, the ocean is not only a key driver for global trade but is also a major source of food and energy.”

The blue economy covers aquatic and marine spaces, including oceans, seas, coasts, lakes, rivers and groundwater. It includes a wide range of productive sectors, such as fisheries, aquaculture, tourism, transport, commerce and trade, shipbuilding, energy, protection and restoration. The blue economy also encapsulates extractive industries, for example underwater mining and offshore oil and gas, provided they are undertaken in a manner that does not cause irreversible damage to the ecosystem.

“ABEF 2018 is a key gathering for raising awareness and developing the network around the African ocean economy and especially the sustainable development and related business opportunities that Africa has to offer,” says Paul Holthus, President and CEO of World Ocean Council, an official partner of ABEF 2018.

“Several African countries already are formulating strategies to mainstream the blue economy into their national development plans. For instance, the Seychelles has established a ministry dedicated to promoting the blue economy. In South Africa, Operation Phakisa is expected to create one million new jobs by 2030 and add ZAR177 billion to the country’s GDP. More countries must follow suit to reap from the available socio-economic opportunities,” adds Dr Carlos Lopes, former Executive Secretary of the UN Economic Commission for Africa (UNECA).

Confirmed speakers at ABEF 2018 include representatives from UN Environment, World Trade Organisation, United Nations Economic Commission for Africa, Kingdom of Morocco, Republic of Gabon, Republic of Cameroon, Republic of Seychelles, World Ocean Council, WWF, Ghanaian Centre for Maritime Law and Security, One Earth Future Foundation, PWC, MAST Security, Resolute Marine Energy, The Global Ocean Trust Grid Arendal, and Sea Shepherd.

Registration for the event is now open at www.abef2018.com

Image credit: https://bluejaycomm.africa-newsroom.com/press/debut-africa-blue-economy-forum-announced?lang=en

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