SAHRA LOANED HER RPG TO PIRATES AND GOT US$75,000 IN RETURN – HER SHARE OF THE RANSOM FOR A SHIP CARRYING TUNA.

Somalia

The pirate stock exchange in Harardheere, Somalia, started small. In 2009, only 15 pirate gangs offered shares of their booty in return for investments of weapons, cash or sailing equipment. That year, Sahra Ibrahim took the rocket-propelled grenade launcher she got in her divorce settlement to the exchange. Within weeks, the “company” boarded a Spanish boat, was paid a ransom and Sahra cashed in. By 2011, more than 70 pirate gangs were listed on the Harardheere stock exchange, and the number of pirate attacks off the Somali coast had tripled.

 



From the pages of COLORS #85 - Going to Market.