Reclaiming Al Shabaab’s Revenue
Cutting off al Shabaab’s estimated $100 million in extortion-generated annual revenue will require restoring the integrity of Somalia’s compromised financial, judicial, and intelligence agencies.
Despite setbacks, al Shabaab remains a resilient and destabilizing threat in Somalia. In the past year, it was linked to 2,553 violent events and 6,225 fatalities. This represents nearly a doubling in the number of incidents since 2019. Fatalities involving al Shabaab have increased by 120 percent during this period.