Riding the African Blue Economy wave: A South African perspective

The Blue Economy, also referred to as the ocean or maritime economy, is a concept that simultaneously encourage social inclusion, environmental sustainability, strengthening of maritime ecosystems, transparent governance as well as economic growth and development. This developing world initiative is already declared the future of Africa by the African Union (AU) with addition to Agenda 2063, the blueprint for development on the continent for the next few decades. Furthermore, the Blue Economy wave was strengthen by the adoption of the 2050 Africa Integrated Maritime Strategy (AIMS). The impact on the trade and development agenda will be highlighted, followed by an overview of the governance structure and maritime economic strategies for the continent. South Africa as a regional and continental leader is also actively engaging by means of Operation Phakisa. This framework for planning and implementation of various marine related projects is made up by four priority sectors, namely: marine transport and manufacturing; offshore gas and oil exploration; aquaculture and marine protection services which includes ocean governance. These priority areas offer opportunities and challenges which requires further discussion as South Africa set sailing for economic growth and prosperity by tapping into the Blue Economy. Africa believes the benefits and potential rewards of maritime infrastructure developments followed by economic growth will be the turn of the tide for the continent. The international community, business and maritime world must take note of these opportunities as sustainable partnerships will be key to the success of Africa´s Blue Economy potential.