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Data on economic power of Somali Islamists revealed

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Data on economic power of Somali Islamists revealed

Nairobi, Feb 23 (Prensa Latina) The Somali Islamist group Al Shabab obtains substantial annual income, part of which is used to acquire weapons, reveals a study released today in this city, capital of Kenya.
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According to the Hiraal Institute, Al Shabab (The Youth, in Arabic), loyal to the Al Qaeda network, collects in the areas it controls about 180 million dollars a year, of which 24 million are invested in the purchase of weapons and military equipment.

Revenues come from the collection of taxes at checkpoints in the areas it controls, among other businesses such as piracy.

In addition, Al AShabab manufactures the explosives used in its bomb attacks against the army and part of the stockpile for its weapons, according to the study. The Somali government lacks this possibility due to international sanctions against it.

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