CENTRAL BANK OF KENYA. Last Update 11/09/2020
US DOLLAR. Buy(108.3488) Sell(108.5488)
EURO. Buy(128.2688) Sell(128.5371)          STG POUND. Buy(140.5541) Sell(140.8518)
CHINESE YUAN. Buy(15.8398) Sell(15.8806) 
JPY(100). Buy(102.0907) Sell(102.2888)  
SAUDI RIYAL. Buy(28.8869)  Sell(28.9417)       AE DIRHAM. Buy(29.4947) Sell(29.5548)           Mombasa Investment Portal.

Blue Economy

Mombasa Blue Economy

By 2030 the "Blue Economy" could outperform the growth of the global economy as a whole, both in terms of value added and employment. To get there, Mombasa has developed a framework for ocean-related investment. The continued infrastructure development, technological progress, changing consumer behavior and financial innovation will allow us to turn the tide towards a sustainable and healthy "Blue Economy"  

The brimming investment opportunities in the blue economy are in line with Mombasa Vision (MV 2035) which serves as the framework to propel Mombasa as a leader in the region.
Major Investment Opportunity in Mombasa

  • Water Transport

  • Desalination Plants

  • Marine Renewable Energy

  • Mangrove Farming

  • Large Scale Seaweed Farming

  • Deep Sea Mining

  • Fish Processing Plant & Cold Storage

  • Ship Equipment & Ship Building

  • Hatcheries & Fishing Trawlers

 

 

 

Water Transport

In Mombasa County, we are planning to introduce this means of transport that will be ferrying people and their goods.

PROJECT DESCRIPTION

With a population estimated at over 1.5 million by 2019, there is huge demand for water transport in Mombasa. Investment potential exist in ferries to connect the island and North of Mombasa as this will address traffic congestion on Nyali Bridge as well as facilitate movement of people and goods. Other areas of interest for investors should be sea transport services that connects Mombasa with Kwale, Kilifi, Tana River and Lamu counties, Dar es Salaam and Zanzibar.

     PROJECT BENEFICIARIES 

  •  Local Residents

  PROJECT LOCATION

  •  Mombasa County

ANCHOR DEPARTMENTS

  • Economic Planning

  • County Department of Trade, Tourism and Investment

  • National Government

Desalination Plants

The County is known for being the first county in Kenyan History on the verge of establishing large desalination plants for the large-scale supply of clean water.

PROJECT DESCRIPTION

The county faces shortage of natural fresh water source as it has no permanent rivers. It relies on Baricho Water Supply in Kilifi, Mzizima Spring in Taita Taveta and Tiwi boreholes in Kwale County. The city receives 46million litres a day, and faces a deficit of an average of 186 million litres. Opportunity exist for production of more than 20 million litres of fresh water through desalination plants.

    PROJECT BENEFICIARIES          

  • County Government revenue

  •  Local residents

 PROJECT LOCATION

  • Shanzu ward

  • Pungu

ANCHOR DEPARTMENTS

  • County Department of Water Sanitation and Natural Resources

 

Marine Renewable Energy

Mombasa’s nearly 300km of coastline is the landing site for waves that are ideal for electricity generation using sea-wave technology. The long coastline presents investment opportunity in wind power and wave power. 


PROJECT DESCRIPTION

The island city of Mombasa is situated between two interconnecting but virtually separate lagoons: Port Tudor and Port Reitz. Collective tidal flats and swamps in those lagoons are estimated to cover some 3000 ha of which about 75 per cent are in Port Reitz.

 

     PROJECT BENEFICIARIES

  •  County Government revenue

  •  Local residents

 PROJECT LOCATION

  • Indian Ocean

ANCHOR DEPARTMENTS

  • County Department of Environment, Waste management and Energy

  • County Department of Trade, Tourism and Investment

  • National Government

Mangrove Farming

Mangrove plays a vital role in the ecology, sustainability and security of local communities in Mombasa and the whole coastal region


PROJECT DESCRIPTION

Large scale mangrove farming contributes to mitigating the effects of climate change. Restoring mangrove is one of the most cost-effective methods of coastal risk reduction which provides a much-needed incentive to preserve this rainforest of the sea and preserving the ecosystem.

Some of the benefits of mangrove trees include:

  • Reduce effects of flooding, storms, and erosion.

  • Provide a safe harbor-food and protection-for young marine life before they are ready to move further out to sea or populated coral reefs.

  • Support and protect marine life

  • Provide nesting and migratory sites for hundreds of species of birds

  • Regulates climate through carbon capture


 

PROJECT BENEFICIARIES

  • County Government revenue

  • Local residents

Odoo - Sample 2 for three columns

PROJECT LOCATION  

  • Tudor creek

  • Klilindini creek

ANCHOR DEPARTMENTS

  • County Department of Trade, Tourism and Investment

  • National Government

Large Scale Seaweed Farming

With rising global populations and limited space to expand agriculture on land, investors are turning to the sea -- and its "weeds" to provide food, jobs and help clean ocean waters.

 

Value Addition in Sea Weed

Apart from selling the raw seaweed, there is value addition on the product, with the weeds being used to produce shampoos, cosmetics, soap, juices and among other products. 50 tonnes of seaweed can rake sh. 2 million.

PROJECT DESCRIPTION

It is a sustainable project that not only earns but keeps check on the dwindling fish stock at the sea. There is a direct correlation between seaweed production and abundance of fish. Feasibility of seaweed farming along the Kenyan Coast through scientific research is available at KEMFRI.

 

Odoo - Sample 1 for three columns

PROJECT BENEFICIARIES 

  • County Government revenue

  • Local residents

PROJECT LOCATION  

  • Tudor creek

  • Klilindini creek

Odoo - Sample 3 for three columns

ANCHOR DEPARTMENTS

  • County Department of Trade, Tourism and Investment

  • National Government