President William Ruto has announced the issuance of Ksh1.7 billion in grants to 612 fishing groups across five coastal counties.
The beneficiaries are from Mombasa, Tana River, Kwale, Lamu, and Kilifi Counties, regions known for their rich marine resources and vibrant fishing communities.
"Fishing is a key component of our Bottom-Up Economic Development Agenda. That is why we are investing in our blue economy to unlock its huge potential," said President Ruto during the announcement.
The Head of State highlighted that this strategic investment aims to generate more than Ksh120 billion annually and create employment opportunities for thousands of youths in the region.
President Ruto emphasized the commitment of his administration to the economic empowerment of coastal communities.
"I promised the local fishermen that I would return. I come bearing good news. I have allocated Ksh800 million to the fishing sector to ensure the young people get opportunities to make a living," he stated.
Ruto stated that the initiative is part of a broader Economic Stimulus Plan aimed at rejuvenating various sectors of the economy.
One of the key projects under this plan is the construction of the Watamu Market in Malindi, which is expected to be completed by December 2024 at a cost of Ksh50 million.
This market is one of the eight markets introduced by President Ruto in the region, designed to enhance local commerce and provide better facilities for mama mbogas.
The initiative has been welcomed by local leaders and fishing communities, who see it as a long-overdue boost to their economic prospects.
With improved infrastructure and financial support, the coastal fishing industry is poised for significant growth, promising a brighter future for the people of Mombasa, Tana River, Kwale, Lamu, and Kilifi Counties.
President Ruto is camping in the coastal region touring different counties to launch different development projects and communicating development milestones.
