Kenya marine fisheries: The next frontier for economic growth?

Abstract

The economic potential of Kenya marine resources is critical for the socioeconomic development. The current study reports fisheries output from marine systems in Kenya as a priority for Blue Economy investment in order to rival the current production from inland systems as a trigger for sustainable development. The assessment of fish landings and economic value was based on Catch Assessment Surveys, cruises and secondary literature. Kenya's inland capture fisheries contributes about 83%, aquaculture 12%, and marine artisanal fisheries 5%. Lake Victoria that contributes up to 90% of inland capture fish production has shown decline in catches in the recent past and the trend indicates that the fishery may not be sustainable. The Kenya Exclusive Economic Zone has a coast line of about 647 km and an area of 142,000 km2 that constitutes about 42% of the country's surface area and has several commercially important species that are barely exploited; yet it produces a paltry 26,000 mt annually that is estimated at an export value of about USD 50 million. However, recent estimates have found that Kenya Exclusive Economic Zone could contain up to 2 million mt of fish that is valued at about USD 130 million. Furthermore, additional worth along the value chain and with substantial trickle-down effect that could have a positive impact on the Blue Growth in Kenya and other developing nations with oceanic potential – triggering the possibility for sustainable exploitation.