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Hawala (money Transfer) companies group A pay 1.8 million annually, which means they pay $150,000 monthly.
Hawala (money Transfer) companies group B pay $600,000 annually, which means &50,000 monthly.
Hawala (money Transfer) companies group C pay $240,000 annually, which means $20,000 monthly.
Telecommunication companies used to pay Al Shabab 1% of their profit every year, but some dealt with them last year to pay them 1.2 million, which means $100,000 monthly.
General trading companies, hotels, and other businesses pay taxes to Al Shabab without their presence in Mogadishu.
Companies and businessmen who pay Al-Shabab consist of those who admire them, those who share with their ideology and philosophy and use them as hitmen, and those who fear them.
Businessmen who pay Al Shabab are powerful to the extent that they can meet with top Somali and international community officials.
Those who pay Zakawat are allowed themselves and their employees to move fearlessly without escort.
Ironic stories that Waagacusub reporters came to know in that some civil servants and MPs pay Al Shabab 5% of their salary.
Why civil servants and MPs pay them?
Those civil servants and MPs who don’t have sufficient security escort area forced to make their own arrangements with them. Arrangement consists of payment of 5% of their salary and providing government information.
Al-Shabab have got their own companies in Mogadishu and regions. They make a lot of money in buying and selling land plots, and construction buildings in Mogadishu.
Everyone who is doing construction is to pay mandatory of 2% of the cost of the building. There is also a court run by Al Shabab in Lower Shabelle People go there to seek for justice.
Al-Shabab calls the defendant to defends case. Whether he is present or not, they reach verdict. Failure to do abide their court decision is death.
Al Shabab have immense power inside Somalia. Whenwe asked businessmen who collect money for Al Shabab why they don’t report to the government, they told us that many of the government officials work for them such as head of intelligence Zakaria Hersi who was former head of Amniyat Al-Shabab, and therefore they cannot trust them.
During our investigation, we’ve learned that three deputy ministers, two ministers of state, 61 MPs, and 7 commanders and intelligence officials work with Al-Shabab, who also receive every month what is called ‘bonus’ from the terrorists as insiders.
By Dahir Alasow
Investigative Journalist
Al-Shabaab is more than just a terrorist group. In 2011, its annual revenue was in the region of $70–100 million per year. In 2018, the President of the Somali Chamber of Commerce and Industry (SCCI) confirmed that Al-Shabaab collected an estimated $20 million dollars from South Somalia alone. Full Article
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Mogadishu Mourns A Hero, Top Youth Enterpreneur & A Somali Optimist Full Article
Waagacusub.net - IBS Bank Somalia, which is believed to have the largest amount of money, Al-Qaeda Finance Secretary Fazul Abdallah from Comoros has started issuing Visa Card Payments for the first time. Al-Shabaab's finance secretary confirmed that Mohamed Ali Warsame had $ 157 million in cash, according to Khalif Ereg, who was later bribed with $ 2 million.
I hereby inform the country that By virtue of the Authority given to the President of Uganda by Articles: 108(2), 108A(1), 113(1) and 114(1) of the 1995 Constitution of the Republic of Uganda, I hereby appoint H.E. the Vice President, Rt. Hon. Prime Minister, Honourable Cabinet Ministers and other Ministers as indicated below:
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ASOJ.ORG - Associated Somali Journalists (ASOJ) is deeply concerned about the escalating violence against Somali journalists in the Gedo region, particularly in Beled Hawo district on the Somali-Kenyan border where a journalist was injured by security forces and another was arbitrarily imprisoned by the local authority.
ASOJ.ORG - Associated Somali Journalists has today published New guidance (advices) setting out how journalists and media houses in Somalia can meet their media duties as they navigate the effects of the coronavirus pandemic.
Waagacusub.net - IBS Bank Somalia, which is believed to have the largest amount of money, Al-Qaeda Finance Secretary Fazul Abdallah from Comoros has started issuing Visa Card Payments for the first time. Al-Shabaab's finance secretary confirmed that Mohamed Ali Warsame had $ 157 million in cash, according to Khalif Ereg, who was later bribed with $ 2 million. Full Article
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Waagacusub.net - The Federation of Somali Journalists has launched a campaign to combat the spread of false information, fake news, hate speech and propaganda. The federation says Somalia is already seeing a huge spike in social media misinformation campaigns ahead of elections expected before the end of July. Full Article
Waagacusub.net - Somalia displayed a lot of pluck but were left ruing their luck as Oman advanced to the main draw of the FIFA Arab Cup with a 2-1 win Sunday evening. The Omanis scored twice in the first half of the lively game at the Sheikh Jassim Bin Hamad Stadium before Somalia pulled one pack nine minutes after the break. Full Article
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Somalia:Terrorists receive 52 million dollars in Mogadishu annually.
Waagacusub.net - It has been known that Al-Shabab receives 52 Million dollars annually from Mogadishu. It gets from commercial companies, and public as taxes (zakawat)