Browsing Tag

payment

Somalia Pirates Release Ship Crew Following Ransom Payment, Reuniting Them with Their Families

Somali buccaneers released the MV Abdullah once the Bangladeshi proprietors, KSRM Group, forked over a large sum of money. Nearly twenty Bangladeshi freighter crew members, who were held by Somali pirates, joyously returned home to a warm welcome from their families after being captive for weeks. The MV Abdullah, a bulk carrier carrying over 55,000 tons of coal from Mozambique to the United Arab Emirates, was captured by a group of pirates about 550 nautical miles off the Somali coast in March. This incident occurred…

Beware: Paying Ransom May Spark Fresh Somali Pirate Onslaught

In a recent update regarding piracy near Somalia, EU NAVFOR ATALANTA highlighted a significant increase in activity posing a threat. The pirates' strategy involves taking over dhows to use as bases for attacks up to 600 nm away from shore, blending in with regular sea traffic. While no new attacks have occurred in the last week, the potential payment of ransoms could lead to more dhow hijackings, fueling future raids on ships. Reuters reported a $5 million ransom was paid for the release of the Bangladeshi bulker Abdullah,…

“InTouch”, jack-of-all-trades of digital payment

Fintech InTouch was created in 2014 in Senegal and has become one of the pan-African leaders in the acceptance of payments and distribution of digital services. It offers a single payment platform that enables merchants and companies to accept all means of payment. Now present in ten countries on the African continent, it wants to support the boom in the digitalisation of services and democratize…

DRC: advance payment of electricity does not convince

Ten years ago, the national electricity company SNEL experimented with an advance payment system for network subscribers. This system was intended to solve the problems of consumer fraud and to replenish the corporate coffers. Is the experiment crucial? From our correspondent in Lubumbashi, In the Katuba municipality of Lubumbashi, the subscribers of the national electricity company SNEL have been consuming electrical energy in advance for one year. Before this period, invoicing was monthly and fixed, ie. almost $ 20.…

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