mei 102013
 

Michael Stock is pursuing an extreme version of that basic investor’s principle: Get in early. He’s just finished building a resort on the coast of war-torn Mogadishu, Somalia. WSJ’s Christopher S. Stewart reports. (Photo: Dominic Nahr/WSJ) MOGADISHU, Somalia—Michael Stock sees things that others don’t. “Imagine this,” he says one recent afternoon, standing on the sunny second-floor deck of his new oceanside hotel in Somalia’s war-battered capital. “There are banana trees where there’s desert now, and there’s this view.” The banana [lees verder]

mei 102013
 

WASHINGTON — It seemed like a simple idea: In the chaos that is Somalia, create a sophisticated, highly trained fighting force that could finally defeat the pirates terrorizing the shipping lanes off the Somali coast. But the creation of the Puntland Maritime Police Force was anything but simple. It involved dozens of South African mercenaries and the shadowy security firm that employed them, millions of dollars in secret payments by the United Arab Emirates, a former clandestine officer with the [lees verder]

mei 102013
 

The United Nations is concerned that member states are failing to uphold the arms embargo on Somalia by allowing private security companies (PSCs) to operate in the country. South Africa, Uganda, Ethiopia and the United Arab Emirates were singled out in a UN report. In its Report of the Monitoring Group on Somalia and Eritrea, the United Nations said that the provision of security assistance, in the absence of UN authorisation, “constitutes a violation of the general and complete arms [lees verder]