Somali Piracy Costs African States
MORE than 6 billion USD has been lost in the past ten years in Eastern and Southern African countries due to Somali piracy.
Tanzania: Somali Piracy Costs African States Over U.S. $6 Billion in Revenue
MORE than 6 billion USD has been lost in the past ten years in Eastern and Southern African countries due to Somali piracy, which has caused the country’s economic retrogression since its instability.
Deputy Permanent Secretary in Ministry of Transport, Mr John Mngodo, said during the opening of a three-day seminar in Dar es Salaam organised by the Surface and Marine Transport Regulatory Authority (Sumatra), that the seminar’s aim was to increase the capacity of senior maritime officials to be able to tackle piracy in the Indian Ocean.
Mr Mngodo said the security of ports had to be addressed because the country aimed at providing standardised security of ports and facilities to reduce increased costs of shipping.
Source: All Africa.