Kenya is seeking a KSh10 billion grant from the World Bank, a move that seeks to enhance its fisheries sector, as well as diversify its earnings from the blue economy.
According to Fisheries Principal Secretary, Prof. Michemi Ntiba, they will use the money to fund purchase of modern fishing gear. This, coincidentally, comes at a time when the country is gearing towards venturing into deep-sea fishing.
Additionally, 100 fishermen from Kwale County have already received training that equipped them with the necessary modern techniques. They will also undergo training on marine law and modern fishing practices for sustainable fishing.
KBC reports that the World Bank grant is in addition to the KSh2.5 billion grant the European Union gave the coastal counties to develop blue economy infrastructure in the region.
See Also:
Kenya is 3rd Highest Beneficiary of World Bank Loans
Raising Debt Ceiling Risky, World Bank Warns Kenya
