Zanzibar sees decline in poverty at 2.9 percent
Despite substantial improvements in living conditions and a drop in poverty between 2009 and 2019, poverty reduction in Zanzibar has been slow relative to its economic growth. A new World Bank Group report, “Towards a More Inclusive Zanzibar Economy: Zanzibar Poverty Assessment 2022” shows while Zanzibar’s gross domestic product (GDP) per capita grew at 2.9 […]
Why Coastal Countries Should Adopt the Blue Economy Strategy
Around 40% of the global population lives along with coastal areas, of which a significant proportion rely on ocean resources for their livelihoods and business. The sector is estimated to contribute USD 2.5 trillion annually to the global output but its contribution to individual economies varies widely. For example, ocean-based activities contribute around 4.1% of […]