Haradheere, Somalia’s main pirate lair is the home to this strategic financial initiative. Set up by former pirate Mohammed he has gained interest from at least 72 Maritime companies which have been “listed” on the exchange. The exchange has made a major impact on Somalia’s economy even helping to fund its education system.

 

As the shares are open to anyone, financial advisors claimed that this was a great business to invest in and further to this morals should not get in the way of making a profit. Shares in Pirate loot and ransom money have doubled since 2009. A spokesman from Trafigura had said his company have shown interest and would be in contact with Mohammed.

 

This has come as a welcome idea from leading economists as the main way of helping the people of Africa. Tens of millions of dollars have been made from ransom payments and stolen booty. As Europe and America have been pillaging and raping Africa for hundreds of years and Comic Relief and Live Aid have not eradicated poverty or famine on the continent, who is to say that this is not a good thing?