The Federal Government of Somalia has reportedly engaged in a confidential agreement with businessman known as Abu Yasser to export livestock to international markets. The deal, involving the Somali presidency and the Ministers of Fisheries and Livestock, allegedly includes a $3 million payment from Yasser to secure exclusive rights as the sole agent for these exports. Additionally, the Somali presidency is rumored to hold a partnership stake in the agreement.
Reports suggest that up to five livestock traders are part of the arrangement, with the government planning to impose a $4 per animal commission, similar to the levy placed on khat shipments from Kenya. Critics warn that Yasser, who operates quarantine stations in Puntland and Somaliland, may create a monopoly that could undermine competition, harm traders, and depress prices. Members of the Federal Parliament are being called upon to address the potential economic risks associated with the deal.
