Tapping into Zanzibar's blue economy

Zanzibar, as an island state, heavily relies on the sea, the coast, and marine resources for its socio-economic development. In a recent interview with CNBC Africa, the Minister of Tourism and Heritage, Simai Muhammad Said, shed light on the state of the island's blue economy. The blue economy, though new to some, is now a focus area for Zanzibar. It has been prioritized by the government as a crucial tool to support the local economy and people. With its strategic location surrounded by water, Zanzibar aims to ensure sustainable utilization of ocean resources for future generations. The key pillars identified in the blue economy agenda include tourism, fishing industry, maritime transport, oil and gas, and renewable energy. The tourism sector plays a crucial role in Zanzibar, with about 98% of international trade being sea-borne. The government is offering special incentives for investments in Pemba Island, focusing on ecotourism and energy, oil, and gas sectors. Moreover, the fishing industry and potential oil and gas extraction are areas of interest for driving economic growth. To boost investments in the blue economy, Zanzibar has established the Zanzibar Investment Promotion Agency as a one-stop center for investors. The government emphasizes the importance of ensuring a good return on investment for those willing to invest in the region. Policies and frameworks are being put in place to facilitate the growth of the blue economy, with an eye on long-term sustainability and development. While strides have been made towards harnessing the potential of the blue economy, challenges remain. Education and participation of the local population are deemed critical for the success of the blue economy agenda. Zanzibar has already put in place policies and strategies, with a dedicated ministry showcasing the government's commitment to this cause. President Hussain Minni's administration is determined to lead Zanzibar towards a prominent role in the blue economy over the next decade. The journey towards fully realizing the benefits of Zanzibar's blue economy requires careful planning, sustainable practices, and robust policies. As the global focus shifts towards utilizing marine resources efficiently, Zanzibar stands at a pivotal juncture to set an example for other island nations and coastal regions worldwide. By balancing economic growth with environmental conservation, Zanzibar can secure a prosperous and sustainable future for its inhabitants and upcoming generations.