Al Shabaab’s domestic fundraising from taxation activities has been estimated at more than $10 million per year by a United Nations Monitoring Group report.  This amount is believed to be more than adequate to sustain the group’s insurgency. The group operates as a quasi-government in the areas it influences (although no longer directly controls), and […]

A new report suggests that Al Shabaab has plenty of money to fund its ongoing insurgency and terrorist activity. A report from 2018 estimates that the group has made at least $17.5 million this year alone. The group primarily makes money from taxation of illicit charcoal, estimated to generate  $7.5 million in taxes for the […]

A recent  report from Puntland indicates that an ISIL-aligned militant faction in Bosaso (Puntland) is raising a considerable sum of money through extortion activities. The militants are reported to be raising $72,000 per month by extorting funds from traders in the area. Extortion is a common tactic used by militant and extremist groups operating in […]

CNN published a report on Al Shabaab financing, highlighting that the group is now using a system of taxation (extortion) and “zakat” (involuntary donations) to finance its activities. Al Shabaab has used taxation / extortion as a means of raising funds since its inception – the group used to derive a significant portion of its […]