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

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Saturday November 09, 2019 - 06:22:48 in Articles by Super Admin
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    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

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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
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Villa Somalia and Jubaland now teeter on the edge of full-blown war

Somalia's President Hassan Sheikh Mohamud and Jubaland leader Ahmed Madobe, previously allies in the nation's political landscape, now find themselves on the brink of war after a divisive National Consultative Council meeting revealed profound rifts, prompting both sides to mobilize for a possible showdown.

The killer,the kidnapper of Somalia, entered in the US as a migrant

In July 2009, Mahad Ibrahim Hamarow kidnapped French officers Denis Allex and another officer who escaped from the Sahafi Hotel in Mogadishu and then joined Al Shabaab. In the same year, he fled to Kenya, this was confirmed by Hizbul Islam Spokesman Mr Aydarus. - In 2010, Mahad Hamarow went to South Africa for migration, that's how we found out in the investigation, we were also told by Mohamed Isse and his brother Somaney who lives in Johannesburg South Africa.

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.

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