‘Super efficient’ Somali Islamists rake in millions in cash
SOMALIA'S Islamist insurgents are moving millions of dollars through the formal bank system and appear to be investing in businesses and real estate, according to a United Nations report offering a rare glimpse into their finances. Al Shabaab has for years been battling Somalia's internationally-backed government to impose strict Islamic law in the anarchic Horn of Africa nation. "Al Shabaab remains in a strong financial position and is generating a significant budgetary surplus, some of which is invested in property purchases and businesses in Mogadishu," said the report by the U.N. sanctions panel on Somalia. The report by the group,…