The challenges we face

The United Nations in 2016 announced a new sustainable development goals (SDG) 14 - "the conservation and sustainable use of ocean and Marine resources to promote the sustainable development".This new target from all walks of life increasingly aware of the oceans to the earth and the important value to the healthy development of the social economy.In 2018, the world bank helped the seychelles released the world's first blue sovereign bonds, a move to coastal countries and in the development of small island nation with excitement, ask them to "blue economy" to create the potential for social, economic and ecological benefits are full of confidence.

The British high commission in South Africa, is foreign, federal, and development department (FCDO) representative office.The agency wants to further understand the southern African country of Marine economy development potential, as its continue to support social and economic development in the region and the sustainable development goal of 14 part of the plan.

British diplomatic team, federal and development department in southern Africa prosperity funds "skills to promote prosperity" project manager Tom Liebenberg, said: "as is known to all, the British have the ability to support Marine industry, culture, economic and environmental capital and safeguard national security.We plan to explore in southern Africa using the professional ability of opportunity."

Southern African countries the coastline length 2850 km, the area is ripe for the development of Marine economy;And British foreign, federal affairs through the preliminary research and development, in Angola, namibia, South Africa, Madagascar, Mauritius and mozambique six confirmed that hundreds of potential Marine project.However, foreign affairs, federal, and need to develop by evaluating Marine activities and innovative financing, confirm the most potential for development of Marine economy department, the department and project, in order to attract the private sector for investment.

We have the honor to be selected to provide the assessment, because we have a comprehensive understanding on green financial innovation mechanism, and the establishment of analytical framework, conducting in-depth research, design, technology and financial methods and strategies, and stakeholders involved in many fields such as accumulated rich experience.

How do we help?

In the first stage, we assessed the Marine economy of six countries in southern Africa.The stage assessment aims to confirm the sustainable private sector is expected to attract the investment department, the department and project, and understand the department's "blue economy" or sustainable activities and the present situation of the financing way.

We through the analysis and further project evaluation, the priorities of projects is determined from the following several aspects:

• Ability to attract private financing
• As a catalyst to promote the ability of the private sector investment
• The government's appeal for the host country

According to the assessment, we believe that the most potential for development of regional economic development is blue Marine protected areas, aquaculture and Marine ecological tourism.We found that in the six countries, South Africa's development of Marine economy has made significant progress, but other countries in this field is still in its infancy.

Through the analysis of the Marine economy of every country, we think that the production of crustaceans, sea cucumber, seaweed and other seafood aquaculture, in a number of areas are the most development potential of industry.

Then, we to namibia, South Africa and Madagascar's aquaculture industry has carried on the thorough analysis.We have confirmed through the analysis of aquaculture market demand, including preferred projects and interventions, these measures can be through technical assistance to release the investment and growth potential.

After analysis found that the most potential to realize the feasibility of the development of Marine economy in South Africa, namibia, and other countries after the appropriate support, also has huge long-term potential.Overall, the six countries in southern Africa Marine economy basically 10-15% of GDP, thus have great potential for development.

What benefit us?

In the current situation of the development of the Marine economy of southern Africa: "in the report, we summarized the achievements of the project, provide insights for the recent financing innovation, in-depth analysis of the overall situation of national Marine economy, and summarizes the regional market participants.

Our study further confirmed that the foreign, federal, and development department can play a role in this area and industry, is one of the key areas of aquaculture.Our "dig" for aquaculture industry situation, help the foreign, federal, and development department understand the key challenges facing the region aquaculture, put forward the solution to the problem of the fundamental, and evaluates the development affairs, diplomacy, federal and may give preference to take intervention measures.

For the project, foreign affairs, the prosperity and development department in southern Africa fund team "skills to promote prosperity" project manager Tom Liebenberg, said: "we co-operated with the carbon trust before, so we are confident that they are good partners.Based on our preliminary idea for the wider region, they built a substantial knowledge base, in what fields are analyzed through what kind of investment way, probably the biggest impact in each country, it provides guidelines for our future work."

As we enter the sustainable development of Marine science for 10 years (2021-2030), the project's results for us with governments, non-governmental organizations and development departments of high-level discussion provided valuable information.India, for example, the government said the knowledge base of its development has important guiding significance to the eastern Indian Ocean area.

Finally, we report to enhance the foreign, federal, and development of the department and the British high commission of Marine economy development ability;And, in combination with our latest entrusted to carry out the related research of other Marine economy, we will guide the British take full advantage of its expertise in the field of Marine economy development, help the plan to carry out the Marine activities.