East Africa: BlueInvest Africa – Thirty projects on the menu for the second edition, scheduled to take place in Kenya in July – BlueInvest Africa is calling on African entrepreneurs interested in developing in the blue economy. According to a press release, thirty projects will be selected to be presented to a panel of investors at the second edition of this event, which will take place in Kenya on 3 and 4 July 2024.
BlueInvest Africa 2024 will take place on the Kenyan coast in early July 2024. This is the second edition of this business event, initiated in 2022 by the European Commission and organised by it. The aim is to enable African entrepreneurs in search of financing and international investors looking for opportunities to meet around projects likely to boost Africa’s blue economy”, it adds.
Blue economy”, adds the same source, “refers to all sustainable economic activities that take place in marine or inland water environments, whether these activities are traditional, such as fishing, tourism and transport, or innovative, such as biotechnologies, aquaculture and renewable energies. BlueInvest Africa also focuses on equitable and sustainable development, food security and resilience to climate change.
The event will focus on presenting 30 ‘blue’ projects to a panel of investors and stakeholders in person and online. The aim is to enable these projects to attract partners who are willing and able to develop them.
As with BlueInvest Africa 2022, which took place in the Seychelles, several types of investors will be invited to attend the project presentations: international, regional and national financial institutions; public and private institutional investors; international, national and regional organisations; and various collective structures, such as business platforms, incubators and business angels.
The call for projects is aimed at companies established in Africa, officially registered and already active in one or more sectors of the blue economy. BlueInvest Africa 2024 will also seek to involve African small, micro and medium-sized enterprises (SMMEs) whose innovative ideas need support if they are to grow in African markets.
Projects submitted to the BlueInvest Africa selection committee must be developed or under development. They must be part of a blue economy sector and aim to be deployed in one or more African countries. They must also incorporate sustainability objectives, in terms of production, implementation and life cycle.
East Africa: BlueInvest Africa – Thirty projects on the menu for the second edition, scheduled to take place in Kenya in July