Puntland Investment Guide 2013

[Wiil Cusub]

Somalia;974569 wrote:

1. Your link is irrelevant and doesn't even support your claim. Puntland's budget is 39 million, that isn't 80% of 58 million, or is my math wrong?

 

2.

http://www.somaliaonline.com/community/showthread.php/70871-The-Marines-Capture-Illegal-Trawellers-In-Puntland-Waters.-PICS-AUDIO

 

That's it.

1- Nobody said whole ransom goes into administration budget which is off-course smaller is than 58 m but what paper said and later proved by chathamhouse satellite image research is that many feed into local economy their conclusion

"Summary

There is evidence of new affluence in the three locations, but investment in Garowe is on a

completely different scale from that in the coastal areas. Much of the new investment has come at

a time of financial retrenchment for the diaspora and is concurrent with the explosion of piracy. If

low-key new house and car ownership is linked to piracy, it tallies well with the results from the

previous sections that a) a considerable proportion of ransom money is spent in-country, b) pirates’

spending choices are influenced by social norms limiting conspicuous consumption, and c) such

expenditure is concentrated inland rather than on the coast. The imagery from Eyl and Hobyo

suggests that the coastal communities have not experienced an economic boom. "

[Wiil Cusub]

Che -Guevara;974572 wrote:

So let me see your logic, the mafia control good deal of Italy's economy, so by the extension we should consider Italians to be mafia members,

 

And you keep saying the local economy benefits, if a pirate buys a product from shop-keeper, that makes him a pirate?

No the shopkeeper is not pirate bat state which partly tolerate and gets profit is pirate state I never talk about individual persons

[Wiil Cusub]

Che Ciyaalasuuq waaxid you put me in wrong direction while I was trying celebrate positive changes in that area which now trying to take steps in to right direction

[nuune]

Then the state if they in fact tolerate partly that doesn't mean the whole region as a pirate, the state can mean few ministers who sometimes deal with those who got the ransom, niyahow Wiil Cusub, waa ku sidee, sxb

[Wiil Cusub]

Do you believe this statement "If you are part of solution than you are part of the problem" ama in islamic hadii aad xumaan aragtid gacanta/afka/niyada wax kaga qabo

[nuune]

Adigu hada khaladkaagu waxaa weeye, qowmiyad dhan ayaad budhcad badeed ku tilmaantey, intaa un weeye waxa aan ka hadleenay, sheekada partly, iyo state men, xaqiiqda, iyo benefit local economy iyo waxaas gadaal bey ka yimaadeen.

 

 

Hade halkaa ha inoo joogto kol hadii uu warku dhinacna ka foolaneyn, ma war unbaa la rimanaan!

[Wiil Cusub]

Somali pirates now protecting illegal fishing ships, says UN report

Published July 25, 2013

Associated Press

NAIROBI, Kenya – Frustrated by a string of failed hijacking attempts, Somali pirates have turned to a new business model: providing "security" for ships illegally plundering Somalia's fish stocks — the same scourge that launched the Horn of Africa's piracy era eight years ago.

Somali piracy was recently a fearsome trend that saw dozens of ships and hundreds of hostages taken yearly, but the success rate of the maritime hijackers has fallen dramatically over the last year thanks to increased security on ships and more effective international naval patrols.

Somali pirate gangs in search of new revenue are now providing armed protection for ships illegally fishing Somali waters. Erstwhile pirates are also trafficking in arms, drugs and humans, according to a report published this month by the U.N. Monitoring Group on Somalia and Eritrea.

The security services for fishermen bring piracy full circle. Somali pirate attacks were originally a defensive response to illegal fishing and toxic waste dumping off Somalia's cost. Attacks later evolved into a clan-based, ransom-driven business.

Up to 180 illegal Iranian and 300 illegal Yemeni vessels are fishing Puntland waters, as well as a small number of Chinese, Taiwanese, Korean and European-owned vessels, according to estimates by officials in the northern Somali region of Puntland. International naval officials corroborate the prevalence of Iranian and Yemeni vessels, the U.N. report said.

Fishermen in Puntland "have confirmed that the private security teams on board such vessels are normally provided from pools of demobilized Somali pirates and coordinated by a ring of pirate leaders and associated businessmen operating in Puntland, Somaliland, the United Arab Emirates (UAE), Oman, Yemen and Iran," the report said.

The "security" teams help vessels cast nets and open fire on Somali fishermen in order to drive away competition. "The prize is often lucrative and includes large reef and open water catch, notably tuna," the report says.

The nearly 500-page U.N. report also accuses Somalia's government of wide-ranging corruption. Somalia's president said in response that the report contains "numerous inaccuracies, contradictions and factual gaps."

"We are pleased to see the huge reduction in piracy, and yet equally concerned by the reports of increased criminality. We have much work to do to create legitimate livelihoods and deter Somalis from crime," President Abdirahman Omar Osman said.

Somali piracy has been lucrative. The hijackings of 149 ships between April 2005 and the end of 2012 netted an estimated $315 million to $385 million in ransom payments, according to an April World Bank report.

But fishermen who have participated in piracy might argue that the attacks were merely bringing back money stolen from Somalis. A 2005 British government report estimated that Somalia lost $100 million in 2003-04 alone due to illegal tuna and shrimp fishing in Somali waters.

In Somalia, pirates sometimes refer to themselves as "saviors of the sea."

A piracy expert at the International Maritime Bureau, said the protection racket makes for a "potentially dangerous situation at sea."

"I guess the region has always been rich in this kind of organized crime," said Cyrus Mody. "I think that probably the positive side of all this is it's being highlighted which would hopefully give the government in place now enough movement to try and do something about it with the help of the EU and U.N."

Piracy peaked in 2009 and 2010, when 46 and 47 vessels were hijacked respectively, according to the European Union Naval Force. Hijackings dropped to 25 in 2011, five in 2012 and zero so far this year. Still, Somali pirates netted an estimated $32 million in ransoms last year, the U.N. report said.

One current pirate said he did not know about pirates providing protection to foreign fishing vessels, but he said some pirates are using Yemeni fishermen to smuggle weapons into Puntland.

"That's our current money-making business because ship hijackings have failed," a pirate commander who goes by the name Bile Hussein said by phone from Garacad, a pirate lair in central Somalia. "If you drop one business, you get an idea for another."

___

 

 

Read more: http://www.foxnews.com/world/2013/07/25/somali-pirates-now-protecting-illegal-fishing-ships-says-un-report/#ixzz2cqRNF7wz

[YoniZ]

Horta dadku qaar maxay troll iyo aflagaadada ka helaan? Mise meel bugtoo balbaleysay ku baxnaanshaan.

[Somalia]

Wiil Cusub;974583 wrote:

Fishermen in Puntland "have confirmed that the private security teams on board such vessels are normally provided from pools of demobilized Somali pirates and coordinated by a ring of pirate leaders and associated businessmen operating in Puntland,

Somaliland

, the United Arab Emirates (UAE), Oman, Yemen and Iran," the report said.

Afro-Hashemite kingdom Somaliland above the rest!!