The Government of Mozambique has launched a national satellite account for the blue economy on Tuesday, November 11, to measure the sector’s contribution to the country’s Gross Domestic Product.
The statistical tool is designed to gather specific economic data related to activities linked to the sea and inland waters.
“The satellite account marks an important step in providing accessible and transparent information on the country’s blue economy, while also strengthening our capacity to design policies that implement effective actions for development, social equity, and environmental preservation,” Prime Minister Benvinda Levi said.
She noted that between 2019 and 2023, about 11% of Mozambique’s GDP came from blue-economy activities, underscoring their strategic significance and role in sustainable national development.
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“We are confident that the data contained in the blue economy satellite account will serve as a planning and investment mobilization tool, both public and private, allowing us to continue maximizing the sustainable use of ocean and inland water resources and, consequently, accelerate our country’s economic growth,” she added.
The Blue Economy Development Fund (ProAzul), established in 2019, has financed 20 companies with a total of 510 million meticais (US$7.9 million) and co-financed 4,624 small-scale fisheries value chain operators, generating 6,163 direct and 9,105 indirect jobs across the fisheries and aquaculture sectors, among other initiatives.
Recently, it was disclosed that ProAzul needs US$900 million to support projects targeting the fisheries value chain, including artisanal fishers and small enterprises.
Speaking during the first ordinary session of the Blue Economy Council, Caldas Chemane, a financial specialist at ProAzul, said work is underway to coordinate with partners and national institutions to plan the required budget for activities in both the public and private sectors.
He also noted that part of the funding would support the “More Sustainable Fish” program, which assists artisanal fishers and small and medium-sized enterprises in central and northern Mozambique.
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