The Blue Economy of Tanzania and Madagascar: Current Development Trends

The article analyzes the directions of formation and implementation of blue economy projects in Tanzania (including Madagascar), which has access to the sea. The purpose of the article is to explore the possibilities and limitations of the blue economy using the example of the United Republic of Tanzania as one of the African countries. The article shows that the global economy is coming to the fore in Tanzania. The state pays great attention to projects in this area, but it has not yet been possible to activate private investment in the sector. Despite the fact that the country has significant blue resources and the potential for their development, they already provide significant employment, albeit with low segment efficiency. Taking into account population growth and the need for sustainable development, it is the blue sectors of the national economy that can become the driver of its stable and long-term growth in the future. At the same time, financing problems are one of the main intractable issues hindering blue projects. Among other problems, as the author notes, there is an insufficient level of blue management, i.e. management of blue resources. Thus, it can be concluded that Tanzania is not yet included in the group of African states – leaders of the blue economy.