HEADLINES:

Al-Shabaab collected an estimated $20 million dollars from South Somalia alone - Per month

0
Saturday November 09, 2019 - 06:22:48 in Articles by Super Admin
  • Visits: 8093
  • (Rating 3.0/5 Stars) Total Votes: 3
  • 0 0
  • Share via Social Media

    Al-Shabaab collected an estimated $20 million dollars from South Somalia alone - Per month

    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 estim

    Share on Twitter Share on facebook Share on Digg Share on Stumbleupon Share on Delicious Share on Google Plus

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.

Figure 8: Funding Terror: Sugar from Kismayo
42: Tom Keatinge, "The Role of Finance in Defeating Al-Shabaab”, Royal United Services Institute (RUSI), Whitehall Report 2-14, December 2014, p.1.
In 2019, it is projected that the group’s income will increase to about $73 million dollars.
43 This is as a result of two factors. The group has tightened its dreaded and brutal taxation regime in the capital (Mogadishu) and other regions under its control in Somalia. The coming to power of President Abdullahi Mohamed (Farmajo) in February 2018 has also seen Al-Shabaab expand its overall revenue to an all-time high. As of mid-2019, its revenue was estimated to stand at over $300 million dollars per year!

 

 A resurgent Al-Shabaab requires a constant flow of finances to fund its operations. The group has established and oiled an intricate and elaborate revenue collection system that manifestly dwarfs that Figure 9: President Abdullahi Mohamed Farmajo of the Federal Government of Somalia in its reach, effectiveness and ruthlessness. 
The militant group needs millions of dollars every year to fund its programmes of radicalizing, recruiting and training fighters as well as paying and feeding them. It needs to fund its ambitious intelligence wing, Amniyat, in its gathering of intelligence from institutions of the Federal Government, Federal States, AMISOM, Somalia’s neighbors, foreign governments and international agencies. It also need to procure state of the art weapons, ammunition, explosives, vehicles and other warfare materials. Finally, it has to pay for its elaborate publicity and propaganda network and platforms.
43."In Somalia, Businesses Face ‘Taxation’ by Militants,” VOA, December 3, 2018, accessed September 9, 2019.
44. International Policy Group interview with Somali Government officials, August 2019.

The group draws its finances from diverse revenue streams, including taxes, contrabands and involvement in nine revenue streams. These include illegal trade in Charcoal;  smuggled sugar; illegal trade in arms; diverting and taxing humanitarian assistance by international agencies; and other minor sources of funds including piracy, smuggled ivory; ransoms from kidnappings, donations mostly from the diaspora community, and self-financing from members especially among their leadership and the presence of AMISOM forces, charcoal remains an important source of Al-Shabaab revenue. However, the Actual records on the amount of revenue the Al-Shabaab earns from illegal charcoal trade is not available but going with the estimate, the militant group collects significant amounts to sustain their insurgency operations in Southern Somalia.
45. Aggrey Mutambo, " Charcoal claims hurt bid to list Shabaab as terror group,” Business Daily, August 29, 2019, retrieved September 14, 2019.
46."Somalia connection in sugar smuggling syndicate revealed,” Daily Nation, July 1, 2018, retrieved on September 14, 2019.
47. Kenya’s Akasha brothers confessed in a US court that they bought guns and grenades from Somalia and had close links with Al-Shabaab Kamau Muthoni, "Akasha family traded guns with Al-Shabaab,” The Standard, July 27, 2019, retrieved on September 13, 2019; see also "A report from the UN Somalia and Eritrea Monitoring Group,” United Nations, December 18, 2018, accessed on September 13, 2019.
48.Alex Ward, "Pirates and terrorists are working together now in Somalia,” Vox, July 13, 2017; retrieved September 8, 2019.
49. "Wildlife and drug trafficking, terrorism, and human security,” Brookings Institute, November 8, 2018, retrieved September 14, 2019.
50. "Al-Shabaab Financial Assessment,” Center on Sanctions & Illicit Finance: Terror Finance Briefing Book, June 2017, accessed September 14, 2019.
Written By Omar Hilowle
Share on Social Media

Somalia:War to Defeat Al Shabab Militarily

President HSM's Proclamation to Defeat Al-Shabab by Force in Somalia To overcome the complex problems of civil war, state fragility, and underdevelopment, the Somali people supported risky political changes for a government that promotes freedom, justice, peace, and prosperity in Somalia. For example, the Islamic movements enjoyed popular support to end the brutal reigns of warlords and the military occupation of Ethiopia and establish new government. Full Article

 

Somalia:$17 million external support has not been channeled through the country's single treasury account

Waagacusub.net -Auditor General Mohamed Ali alias Afgoi has exposed missing millions of dollars from key departments within the Federal Government of Somalia [FGS], in what could raise questions about government expenditures. In his report, Afgoi said 25 entities and three embassies have been audited. Unsupported expenditure amounts to $9M; contracts worth $31M not registered with auditor general's office, the existence of unauthorized bank accounts outside the Treasury Single Account. Full Article

 

Al-qaida Share ,IBS bank Somalia launches Visa Card Payment

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

 

Oman hold off plucky Somalia to make main draw

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

 

Kenya resumes its diplomatic mission in Somalia

Waagacusub.net - Kenyan ambassador to Somalia Lucas Tumbo has today arrived in Somali capital, Mogadishu barely a week the two countries agreed restore their diplomatic ties. Full Article

 

Several Killed in Mortar Shells Near Somalia President's Residence

Waagacusub.net - Several people were killed and a number of others wounded in mortar shells that struck targets near Somalia president's residence in the capital Mogadishu on Wednesday, local officials have confirmed. Full Article

 

Journalists barred from covering Somali leaders' meeting

The Associated Somali Journalists is deeply concerned that journalists were today barred from covering the meeting of the leaders of the Federal Government of Somalia and Federal Member States (FMSs) as well as the Governor and Mayor of Mogadishu. Full Article

 

COVID-19 guidance for journalists and media houses in Somalia

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. Full Article

 

U.S. and EU Diplomats Support President Farmajo to Tear Somalia Apart

After 30 years of dictatorship and civil war, the Somali people pulled off a qualified consensus on forming a new state that is different from the obliterated one. The President of the Federal Republic of Somalia is vested with the awesome responsibility and authority to steer the formation of the new state. Successive elected presidents strived to some extent to fulfill their awesome responsibilities with the exception of President Mohamed Abdullahi Farmajo who strived to tear Somalia apart for good. Full Article

 

Hormuud telecom and Al-Shabaab's Strategy of Destroying Mobile Communication Masts

Hormuud's Assault on African Peacekeepers Figure 14: African Peace Keepers Hormuud launched a scorching public campaign against the Kenyan military forces in AMISOM in late August 2019. Full Article

 


Leave a comment

  Tip

  Tip

  Tip

  Tip

  Tip


Somalia:War to Defeat Al Shabab Militarily

President HSM's Proclamation to Defeat Al-Shabab by Force in Somalia To overcome the complex problems of civil war, state fragility, and underdevelopment, the Somali people supported risky political changes for a government that promotes freedom, justice, peace, and prosperity in Somalia. For example, the Islamic movements enjoyed popular support to end the brutal reigns of warlords and the military occupation of Ethiopia and establish new government.

Somalia:$17 million external support has not been channeled through the country's single treasury account

Waagacusub.net -Auditor General Mohamed Ali alias Afgoi has exposed missing millions of dollars from key departments within the Federal Government of Somalia [FGS], in what could raise questions about government expenditures. In his report, Afgoi said 25 entities and three embassies have been audited. Unsupported expenditure amounts to $9M; contracts worth $31M not registered with auditor general's office, the existence of unauthorized bank accounts outside the Treasury Single Account.

Al-qaida Share ,IBS bank Somalia launches Visa Card Payment

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.

UGANDA: New Cabinet Members and Ministers of State

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:

Journalists barred from covering Somali leaders' meeting

The Associated Somali Journalists is deeply concerned that journalists were today barred from covering the meeting of the leaders of the Federal Government of Somalia and Federal Member States (FMSs) as well as the Governor and Mayor of Mogadishu.

Somalia:War to Defeat Al Shabab Militarily

President HSM's Proclamation to Defeat Al-Shabab by Force in Somalia To overcome the complex problems of civil war, state fragility, and underdevelopment, the Somali people supported risky political changes for a government that promotes freedom, justice, peace, and prosperity in Somalia. For example, the Islamic movements enjoyed popular support to end the brutal reigns of warlords and the military occupation of Ethiopia and establish new government. Full Article

 

It secretly and unlawfully recruited about 7,500 young Somalis sent to Eritrea

Western Intelligence Agencies Oppose the Democratization of Somalia Intelligence Services (NISA) History documents the strong character of the Somali people associated with messy democratic rule that cherishes individual liberty, freedom of expression and opinion, Justice, and private entrepreneurship rather than with autocratic rule. British explorer, Sir Richard Burton wrote in 1856, "the Somalis are fierce race of republicans, constantly changing political loyalties – the Somalis lived in what amounted to a state of chronic, political schizophrenia, verging on of anarchy. Every freeborn man holds equal to his ruler and allows no loyalties or prerogatives to abridge his birthright of liberty." However, Somalis are docile to discipline and obedience if social mediation applied fairly. The appropriate model of government for Somalia is the democratic rule. Full Article

 

Somalia:$17 million external support has not been channeled through the country's single treasury account

Waagacusub.net -Auditor General Mohamed Ali alias Afgoi has exposed missing millions of dollars from key departments within the Federal Government of Somalia [FGS], in what could raise questions about government expenditures. In his report, Afgoi said 25 entities and three embassies have been audited. Unsupported expenditure amounts to $9M; contracts worth $31M not registered with auditor general's office, the existence of unauthorized bank accounts outside the Treasury Single Account. Full Article

 

Al-qaida Share ,IBS bank Somalia launches Visa Card Payment

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

 

"UGANDA'S FIGHT AGAINST COVID 19 VIRUS, MAY DWINDLE OR SPARK UNLESS EMBRACED"

Waagacusub.net - Globally, scientists are camping in Laboratories to find a solution to the Covid-19 pandemic. Sometime in 2020, Dr Patrick Engeu Ogwang, an associate professor of Pharmacy at Mbarara University of Science and Technology (MUST) in Uganda, and a team of other researchers under PHARMABIOTRAC developed a herbal biomedical invention called Covidex. This innovation is said to be a broad spectrum natural remedy intended to manage and treat the Covid-19- Corona virus. Full Article

 

Hormuud telecom and Al-Shabaab's Strategy of Destroying Mobile Communication Masts

Hormuud's Assault on African Peacekeepers Figure 14: African Peace Keepers Hormuud launched a scorching public campaign against the Kenyan military forces in AMISOM in late August 2019. Full Article

 

Former Intel official stripped from NISA membership

Former Intel official stripped from NISA membership Full Article

 

PM KHEYRE USELESS AND COSTY OVERSEAS TRIPS.

PM KHEYRE USELESS AND COSTY OVERSEAS TRIPS. Full Article

 

Abiy says 'New Year' will be celebrated in Eritrea, Ethiopian Airlines to resume flights

Abiy says 'New Year' will be celebrated in Eritrea, Ethiopian Airlines to resume flights Full Article

 

Massive rise in Islamist militant attacks in Africa

Massive rise in Islamist militant attacks in Africa Full Article