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Somali National News Agency > Blog > Articles > Battling Al-Shabaab: The Financial Front in the War on Terror
ArticlesLocal News

Battling Al-Shabaab: The Financial Front in the War on Terror

By Osman
Last updated: January 15, 2023
3 Min Read
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The Federal Republic of Somalia led by President Hassan Sheikh Mohamud, has launched a concerted efforts to eradicate the pernicious influence of extremist group Al-Shabaab. Central to this strategy has been the targeting of the financial resources of the organization, which has been predicated upon the illicit acquisition of funds through nefarious means. To this end, the government has implemented measures to close a significant number of  bank accounts and mobile numbers that were utilized by the group for the transfer of funds.

President Mohamud has been forthright in his condemnation of the group’s use of these funds to perpetuate harm upon the Somali population, and has articulated a clear determination to completely sever their access to financial resources. The Dan-Qaran Government has also issued warnings to the Somali people and merchants to refrain from engaging in any form of economic transaction with the terrorist organization. Additionally, the government has provided a mechanism for members of the public to report any information that may be pertinent to the ongoing efforts to disrupt the group’s financial networks.

These efforts have yielded substantial successes, with the group’s military capabilities being significantly degraded as a result of the disruption of their financial resources. This has enabled the government and local forces to reclaim territory that had been under the control of the extremists, thereby alleviating the suffering of the local population. Furthermore, the government has taken steps to arrest traditional leaders who were in league with the group and has targeted and dismantled the illegal courts that were used by the organization to exert control over the population.

Prime Minister Hamse has emphasized that providing financial support to the group constitutes a criminal act,warning that any individuals found to be involved in such activities will be held accountable. In light of these efforts, it is clear that the group has been severely weakened and that their eventual elimination from areas where they continue to operate within the country is a realistic prospect. This is a significant victory in the ongoing struggle against extremism in Somalia.

By Abdiqani Abdullahi

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