DJIBOUTI – The 2nd IGAD Blue Economy Knowledge Share Fair concluded today at the Ayla Grand Hotel in Djibouti City after three days of thought-provoking discussions and knowledge exchange on the theme “Investing in Blue Economy for Regional Integration.” 

Organised by the Intergovernmental Authority on Development (IGAD), the event brought together over 150 experts, policymakers, private sector representatives, and stakeholders to discuss strategies for advancing sustainable economic growth through the blue economy in the IGAD region.

The fair emphasised the blue economy’s transformative potential for food security, economic growth, and regional integration. 

Keynote speakers and panellists highlighted the importance of harnessing Africa’s coastal and marine resources to enhance livelihoods, reduce import dependency, and build climate-resilient economies. 

Building on the success of the inaugural fair held in 2023 in Mombasa, Kenya, this year’s event featured a robust agenda with panels on critical topics such as private sector engagement, biodiversity conservation, sustainable blue tourism, and financing mechanisms like blue bonds. 

These discussions underscored the role of regional integration in fostering sustainable practices, sharing knowledge, and aligning policies to unlock the potential of the blue economy.

Participants also explored the development of Djibouti’s National Blue Economy Strategy, adopted in May 2023, which contributes significantly to the nation’s GDP and job creation. 

Technical meetings leading up to the fair focused on strengthening collaborations among IGAD member states, enhancing investments, and integrating innovative approaches to sustainable development.

Spotlight on Djibouti and regional initiatives

Djibouti’s reliance on maritime resources for 99% of its economy made it a fitting host for the fair. During a field visit to the ports, the country showcased initiatives such as beach rehabilitation projects to boost sustainable tourism and maritime innovations. 

Ethiopia’s efforts to develop local shipping services and leverage its aquatic resources for trade were highlighted as examples of how blue economy strategies can reduce costs and drive economic growth.

In alignment with the African Union’s Blue Economy Strategy, the fair reinforced the vision of creating a sustainable and inclusive blue economy across Africa, contributing to the goals of Agenda 2063. 

Programs like UNDP’s Blue Leadership Program and Africa Blue Innovation Hub showcased ways to empower policymakers and promote innovation in sectors such as renewable energy and sustainable aquaculture.

While the IGAD region holds immense potential, challenges such as underutilising aquatic resources, environmental degradation, and regional instability persist. 

To fully realize the benefits of the blue economy, addressing these issues will require enhanced regional cooperation, investment in infrastructure, and capacity-building initiatives. 

Stakeholders at the fair called for stronger political commitment and private sector involvement to bridge gaps in knowledge, infrastructure, and policy implementation.

The 2nd IGAD Blue Economy Knowledge Share Fair succeeded in fostering dialogue, exchanging best practices, and shaping strategies for sustainable growth. 

The IGAD region aims to transform its blue economy into a cornerstone of sustainable development by integrating biodiversity conservation, economic resilience, and regional cooperation. 

The outcomes of this fair will influence future projects and policy decisions, strengthening the region’s commitment to a prosperous and inclusive blue economy. 

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