Africa Sets $1.5 Trillion Blue Economy Target by 2050 Amid Maritime Conflict Warning

Participants at a conference in Mombasa unveiled plans to boost Africa's blue economy income, while a study warned of hundreds of maritime disputes.

• Participants at the Blue Economy conference in Mombasa revealed plans to raise Africa's annual income from blue economy activities to $1.5 trillion by 2050.
• A study by researchers from the universities of Accra, Cape Town, and Stanford warned that about 1,000 maritime disputes in 34 African countries hinder growth.
• The Intergovernmental Authority on Development (IGAD) pledged to prioritize advancing the blue economy agenda in the region.
• FAO Assistant Director-General Manuel Barange said Africa loses over half its fish stocks annually due to overfishing and governments selling fishing rights to foreign fleets.