The Islamic State in Somalia is assessed to be cash poor, according to a recent report from the Hiraal Institute. The group raises money through donations (some of which may be voluntary), as well as taxation and extortion. The group focuses on larger businesses within its area of operations, avoiding taxing smaller businesses. While the […]

A recent ┬áreport 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 […]