1.2 loan fund issued to facilitate blue economy studies

The government has received a Sh1.2 billion loan from the World Bank to spearhead its Blue Economy.

The funds will be used to train youth in various skills including shipping, maritime, logistics, targeting the Blue Economy.

Principal Secretary State Department for Vocational and Technical Training (VTT) Dr Kevit Desai said the funds will be used to train on demand skills required by the industry.

Speaking during a Blue Economy round table meeting at the Kenya Coast National Polytechnic in Mombasa, Dr Desai said 2,000 students will this year be trained on Blue Economy skills.

“The World Bank has approved Sh1.2 billion loan to the government approximately in the East Africa Centre of Excellence Training Project,” Dr Desai added.

Dr Desai said the State Department for Vocational and Technical Training will provide the human capital development, skills and competency that are needed to focus on maritime, logistics and transport.

Others players from Kisumu and Busia lake regions, Coast Technical and Vocational Education and Training Principals, shipping associations and other development partners said the money will enable the government to kick start skills mobilization.