Public Management

Benin’s govt introduces new royalties to control maritime piracy

Benin’s govt introduces new royalties to control maritime piracy
Monday, 03 August 2020 19:19

On 28 July 2020, the Director-General of the Port Authority of Cotonou (PAC), Joris Albert Thys (pictured), signed a note announcing the introduction of new fees as part of actions against maritime piracy, following a recent ministerial decree dated 13 July.

According to this note addressed to shipping agents and consignees, the amount of the new fees varies, depending on whether the ships concerned have their armed security teams on board or not.

When a ship has no armed security team on board, elements of the Beninese armed forces will be placed at their disposal against payment of CFA350,000 for vessels less than 100 m long and CFA450,000 for vessels over 100 m long. Upon departure from the quay or harbor, escort by the armed guard will also be charged at CFA360,000.

“These new fees, like any port of call fees, must be paid before the ships dock. They are taken into account in the advances on a port of call accounts to be paid by the consignees,” the PAC states.

By January 2020, the platform had already taken 10 measures to strengthen the protection of ships in harbor against acts of piracy. But despite these measures, acts of piracy are still being recorded at the port. Most recently, on 17 July, the oil tanker MT Curacao Trader was boarded off the coast of Benin, and 13 Russian and Ukrainian seamen were kidnapped. This is the eighth of such incident since the beginning of 2020.

Romuald Ngueyap

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
The Central Bank of Nigeria requires money transfer operators to open naira settlement accounts locally from May 1. Authorities aim to improve...
South Africa’s Happy Pay raises $5 million to expand BNPL services Funds to boost partnerships, technology, and fraud prevention...
Boston Consulting Group estimates Africa’s creative exports could reach $140–150 billion by 2030. The sector currently generates $59...
Ivory Coast outlined eight budget priorities focused on reforms, performance, and revenue mobilization. Authorities aim to complete the IMF-backed...
Most Read
01

Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...

African fintechs are moving beyond payments - and into business operations
02

Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...

Cameroon Signs $1.5 Billion Waste-to-Energy MoUs Amid Urban Sanitation Strain
03

MTN Mobile Money Zambia partnered with Indo Zambia Bank to enable payments via bank POS terminals....

MTN Zambia Links Mobile Money to Bank POS in New Partnership
04

UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...

UBA, British International Investment explore Africa trade finance deal
05

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.