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Charcoal Trade in Kismaiyo
Swenani
#21 Posted : Monday, November 16, 2015 3:24:25 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
tycho wrote:
Swenani wrote:
Well if charcoal is a profitable business why not? The revenue from charcola can be used to supplement our national coffers


Trojan horse.


Why do I find it difficult to decipher this metaphor or it is not a metaphor?
If Obiero did it, Who Am I?
murchr
#22 Posted : Monday, November 16, 2015 5:23:39 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
nakujua wrote:
maka wrote:
http://www.the-star.co.ke/news/somali-mps-vote-kdf-leave


Quote:

The UN report claimed Kenyan companies and KDF are the leading participants in the illegal charcoal export through the Kismayo port worth Sh22 billion annually.


That seems like a lot of cash,
around 1.8 billion per month
around 62 million per day

assuming they sell a gunia at around kes 500, that comes to around 120,000 gunias per day - thats crazy logistics, considering the state of roads and security in that region.


Did they give bank accounts? This is alot of money to hide under the mattress.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
nakujua
#23 Posted : Monday, November 16, 2015 7:06:21 PM
Rank: Elder

Joined: 12/17/2009
Posts: 3,583
Location: Kenya
murchr wrote:
nakujua wrote:
maka wrote:
http://www.the-star.co.ke/news/somali-mps-vote-kdf-leave


Quote:

The UN report claimed Kenyan companies and KDF are the leading participants in the illegal charcoal export through the Kismayo port worth Sh22 billion annually.


That seems like a lot of cash,
around 1.8 billion per month
around 62 million per day

assuming they sell a gunia at around kes 500, that comes to around 120,000 gunias per day - thats crazy logistics, considering the state of roads and security in that region.


Did they give bank accounts? This is alot of money to hide under the mattress.

Not sure but considering that Journalists for Justice claimed at least Sh40 billion worth of sugar and charcoal is traded in Kismayo, those figures are big, especially with the annual budget of Somalia being around usd 200m, but who knows the truth, anything passes as a fact nowadays.
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