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But Al-Shabaab derives the bulk of its funding for its operations from taxing business people and most lucrative companies in Mogadishu and control of most businesses in rural Somalia. 51 -Over the years, the terrorist group has established a well-structured and oiled taxation infrastructure supported by courts, road tolls, and loyal revenue payers. At the edge of the knife, the group's operatives demands that all business people and companies pay tax to its agents.
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.
"Hormuud pays an estimated $200,000 every month to the Al-Shabaab", said a former head of Amniyat and now a top official of Somali government intelligence agency tracking Al-Shabaab movements.
The Chairman of Hormuud Telecom Group Ahmed Nur Ali Jim'ale was a kingpin in Al-Shabaab's charcoal-sugar trading cycle that funded its activities. In September 2010, he founded ZAAD, a mobile-to-mobile money-transfer business that struck a deal with Al-Shabaab to make money transfers more anonymous by eliminating the need to show identification.
Somalia: List of former Hormuud Telecom staff members who joined the terrorists. 1- Former Al Shabab leader Ahmed Godane was a member of Al-Barakaat group in Hargeisa. 2- Head of Amniyat branch of Al Shabab Mahad Karate was part of Al Barakat group in Mogadishu.
But Al-Shabaab derives the bulk of its funding for its operations from taxing business people and most lucrative companies in Mogadishu and control of most businesses in rural Somalia. 51 -Over the years, the terrorist group has established a well-structured and oiled taxation infrastructure supported by courts, road tolls, and loyal revenue payers. At the edge of the knife, the group's operatives demands that all business people and companies pay tax to its agents. Full Article
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
"Hormuud pays an estimated $200,000 every month to the Al-Shabaab", said a former head of Amniyat and now a top official of Somali government intelligence agency tracking Al-Shabaab movements. Full Article
The Chairman of Hormuud Telecom Group Ahmed Nur Ali Jim'ale was a kingpin in Al-Shabaab's charcoal-sugar trading cycle that funded its activities. In September 2010, he founded ZAAD, a mobile-to-mobile money-transfer business that struck a deal with Al-Shabaab to make money transfers more anonymous by eliminating the need to show identification. Full Article
Somalia: List of former Hormuud Telecom staff members who joined the terrorists. 1- Former Al Shabab leader Ahmed Godane was a member of Al-Barakaat group in Hargeisa. 2- Head of Amniyat branch of Al Shabab Mahad Karate was part of Al Barakat group in Mogadishu. Full Article
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