Piracy costs east African economies

By: Kemantha Govender

DURBAN: Piracy and maritime-related crime on the east coast of Africa is said to be costing the region around R100 billion.

This at a time when food prices, which are on the increase due to higher insurance premiums of ships, is having a devastating economic impact on Africa. And, with pirates targeting any vessel, the fishing industry too has come under strain.Chief of Navies and Maritime Wing Commanders from the Southern African Development Community (SADC) countries

Read more ...