Mozambique: EIB provides €10M for women-led businesses - Moza Banco
All photos: Ministério da Agricultura, Ambiente e Pescas
The Fund for the Development of the Blue Economy (ProAzul), the Mozambican government’s financial branch for boosting the blue economy agenda, on Tuesday launched the Blue Economy Satellite Account (CSEA), which is a statistical tool aimed at assessing the sector’s contribution to the Gross Domestic Product (GDP).
The tool is also aimed at collecting other specific economic data related to activities linked to the sea and inland waters.

According to Prime Minister Benvinda Levi, speaking during the ceremony launch, CSEA marks an important step towards the accessible and transparent dissemination of reliable information related to the blue economy.
“For the first time, Mozambique has a statistical tool that allows the collection of specific economic data on activities linked to the sea and inland waters, making it possible to assess the real contribution of this sector to the national GDP”, she said.
“Between 2019-23, approximately 11 percent of Mozambique’s GDP originated from activities linked to the blue economy, an indicator that reinforces its strategic importance and its contribution to the country’s sustainable development”, she added.

According to Levi, the data contained in CSEA will serve as a planning and mobilization element for more public and private investment, “so that we can continue to maximize the sustainable use of ocean and lake resources and, consequently, accelerate the economic growth of our country.”
READ: Mozambique: Blue economy fund ProAzul seeks $900M to finance projects
The government recently announced that ProAzul needs 900 million US dollars to fund projects targeting the fishing value chain, involving artisanal fishermen and small businesses.
For his turn, Roberto Albino, Minister of Agriculture, Environment and Fisheries, said that this is an essential tool for evidence-based governance, allowing the measurement of the real contribution of the blue economy to national development.

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