Acts of maritime piracy reported in the Gulf of Guinea increased alarmingly in 2019. According to a report by the International Maritime Bureau (IMB) of the International Chamber of Commerce, a total 121 acts of maritime piracy was recorded in that part of Africa, 50% higher than the 78 incidents in 2018.
Most affected countries are Nigeria with 35 cases recorded, Cameroon and Ghana with 6 and 3, respectively. Overall, these incidents in the Gulf of Guinea account for around 74% of the maritime piracy acts recorded worldwide by the IMB in 2019. However, while piracy increased in the region, it has declined worldwide from 201 acts in 2018 to 162 in 2019. Over the period reviewed, incidents recorded included 4 hijacked ships, 11 ships fired upon, 17 attempted attacks and 130 ships boarded. IBM says the situation is a consequence of the lack of warning and response structures, which undermines communication and coordination among ships in the Gulf of Guinea. According to Michael Howlett, director of IMB, without the necessary warning structures in place, it is not possible to accurately spot high-risk areas at sea and deal with the phenomenon.
André Chadrak
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
Nigeria is considering creating a Grid Asset Management Company (GAMCO) to manage transmission infrastructure. The move targets a key bottleneck...
The European Union has approved €6 million to support the next phase of Senegal’s regional express train expansion. The funding will help...
The Ethiopian Securities Exchange has launched “Neway,” a web and mobile trading platform for investors. The tool allows users to open accounts,...
Nigeria will launch its National Single Window platform on March 27 to centralize trade procedures. The system will allow online processing of...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...
In April 2026, the Amani Festival will change venues. Forced to leave Goma for Lubumbashi due to growing insecurity, the event turns displacement into an...